Common use of No Prohibited Payments Clause in Contracts

No Prohibited Payments. Neither the Company nor any Subsidiary have, directly or indirectly at any time: (i) made any contribution to any candidate for political office, or failed to disclose fully any such contribution in violation of law; or (ii) made any payment to any federal, state, local or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments or contributions required or allowed by applicable law. The Company's internal accounting controls and procedures are sufficient to cause the Company to comply in all material respects with the Foreign Corrupt Practices Act of 1977, as amended.

Appears in 5 contracts

Samples: Underwriting Agreement (Dynamicweb Enterprises Inc), Underwriting Agreement (General Bearing Corp), Underwriting Agreement (General Bearing Corp)

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No Prohibited Payments. Neither the The Company nor any Subsidiary havehas not, directly or indirectly at any time: (i) made any contribution to any candidate for political office, or failed to disclose fully any such contribution in violation of law; or (ii) made any payment to any federal, state, local or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments or contributions required or allowed by applicable law. The Company's internal accounting controls and procedures of the Company are sufficient to cause the Company to comply in all material respects with the Foreign Corrupt Practices Act of 1977, as amended.

Appears in 3 contracts

Samples: Underwriting Agreement (Pride Automotive Group Inc), Placement Agent Agreement (Utix Group Inc), Underwriting Agreement (Utek Corp)

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No Prohibited Payments. Neither the The Company nor any Subsidiary havehas not, directly or indirectly indirectly, at any time: (i) made any contribution to any candidate for political office, or failed to disclose fully any such contribution in violation of law; or (ii) made any payment to any federal, state, local or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments or contributions required or allowed by applicable law. The Company's internal accounting controls and procedures are sufficient to cause the Company to comply in all material respects with the Foreign Corrupt Practices Act of 1977, as amended.

Appears in 1 contract

Samples: Underwriting Agreement (International Computex Inc)

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