PROHIBITION OF CORRUPT PRACTICES Sample Clauses

PROHIBITION OF CORRUPT PRACTICES. 7.1 Conflict of Interest 7.1.1 Neither Malaysian/Foreign University/Institute/Company nor any of its representatives shall give to, or receive from, IIUM or its representatives any commission, fee, rebate, or any gift or entertainment of value in connection with this Agreement. 7.1.2 Malaysian/Foreign University/Institute/Company shall: Promptly notify IIUM of any violation of this clause; and Repay or credit to IIUM any consideration received as a result of such violation. 7.1.3 In addition to the rights IIUM has under this Agreement, if any violation of this Clause occurring prior to the date of this Agreement resulted directly or indirectly in IIUM’s entering into this Agreement, IIUM may at its option terminate this Agreement at any time and (despite any other provision of this Agreement) pay no compensation or reimbursement to Malaysian/Foreign University/Institute/Company whatsoever after the date of termination. 7.2 Anti-Corruption 7.2.1 Each Party shall: comply with all applicable laws relating to anti-corruption including but not limited to regulations of the Malaysian Anti-Corruption Commission Xxx 0000, in connection with its conduct under this Agreement; have and shall maintain in place throughout the term of the Agreement its own policies and procedures, to ensure compliance with the laws and will enforce them where appropriate; and promptly report to the other Party any request or demand for any undue financial or other advantage of any kind received by it in connection with this Agreement. 7.2.2 Each Party shall ensure that any associate (as defined in Section 3 of the Malaysian Anti-Corruption Commission Act 2009) (hereinafter referred to as “Associate”) who it involves in the performance of any obligations under this Agreement and/or the provision of support services does so only on the basis of a written agreement which imposes on and secures from such Associate terms equivalent to those imposed on the Parties under this Clause 7.2. The Parties shall be responsible for the observance and performance by such Associate of such terms, and shall be liable to the other Parties for any breach by such Associate of any such terms. 7.2.3 The Parties acknowledge and agree that any breach of this Clause 7.2 (however trivial) shall be deemed to be an irremediable material breach of this Agreement for the purposes of sub-clause 7.2.2.
Sample 1
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PROHIBITION OF CORRUPT PRACTICES. The Contractor represents, warrants and agrees that: (a) The Contractor's directors, officers, employees, agents and representatives are not now and will not during the Term be a candidate for office or an employee, officer or representative of the government of Papua New Guinea or of any government agency, government instrumentality or political party of Papua New Guinea; (b) The Contractor will not use any part of any payment by the Principal under the Contract to make any payment or gift, either directly or indirectly, to any employee, officer or representative of any government, including the government of Papua New Guinea; (c) The Contractor shall at all times ensure that it complies with the Foreign Corrupt Practices Act; (d) The Contractor maintains and will continue to maintain appropriate systems and internal accounting controls to monitor and ensure compliance with its obligations under this clause; and (e) The Contractor shall ensure that all subcontracts include terms that require subcontractors to comply with the same obligations as are contained in clauses 6.6(a), (b), (c) and (d).
Sample 1
PROHIBITION OF CORRUPT PRACTICES. As a condition to BUYER issuing this Purchase Order to SELLER, SELLER hereby represents, warrants and agrees that SELLER shall be bound and abide by and strictly comply with both the letter and the spirit of the applicable anti-bribery, anti-corruption, and anti-money laundering laws, rules, regulations, decrees and/or official governmental orders of the United States, the United Kingdom, and the jurisdiction in which the Goods or Services are supplied, including, without limitation, the U.S. Foreign Corrupt Practices Act (the “FCPA”), and the U.K. Anti-Terrorism, Crime and Security Act 2001 and successor legislation, as well as any other applicable legislation implementing either the United Nations Convention Against Corruption or the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (collectively referred to as “Anti-Corrupt Practices Laws”). Without (i) to or for the use or benefit of any official or employee of any Government or instrumentality thereof or the agencies of such Government, (ii) to any other person if the SELLER or any partner, officer, director, employee, agent, representative or shareholder of the SELLER knows or has reason to suspect or know that any part of such thing of value will be directly or indirectly offered, given or promised, directly or indirectly, to any such Governmental officer or employee or political party or official thereof, or candidate for political office, or (iii) to any other person or entity, the payment of which would violate the laws or policies of the United States in order to affect or influence any act or decision of such official or employee. Further, SELLER hereby represents, warrants and agrees that SELLER shall be bound and abide by and strictly comply with the provisions of the Export Administration Act, Section 999 of the Internal Revenue Code, the trading With The Enemy Act, the International Emergency Economic Powers Act, and the Arms Export Control Act, and any amendments thereto as are from time to time in force in the United States of America, and any implementing regulations promulgated pursuant thereto.
Sample 1
PROHIBITION OF CORRUPT PRACTICES 
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Related to PROHIBITION OF CORRUPT PRACTICES

  • Corrupt Practices 3.1 The government requires that the bidders, suppliers, sub contractors and supervisors observe the highest standards of ethics during the execution of such contracts. In this pursuit of this policy, the government; Defines for the purpose of this provision, the terms set forth below as follows:

  • Foreign Corrupt Practices Neither the Company nor any Subsidiary, nor to the knowledge of the Company or any Subsidiary, any agent or other person acting on behalf of the Company or any Subsidiary, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully any contribution made by the Company or any Subsidiary (or made by any person acting on its behalf of which the Company is aware) which is in violation of law, or (iv) violated in any material respect any provision of FCPA.

  • Foreign Corrupt Practices Act None of the Company and its Subsidiaries or, to the Company’s knowledge, any director, officer, agent, employee or affiliate of the Company and its Subsidiaries or any other person acting on behalf of the Company and its Subsidiaries, has, directly or indirectly, given or agreed to give any money, gift or similar benefit (other than legal price concessions to customers in the ordinary course of business) to any customer, supplier, employee or agent of a customer or supplier, or official or employee of any governmental agency or instrumentality of any government (domestic or foreign) or any political party or candidate for office (domestic or foreign) or other person who was, is, or may be in a position to help or hinder the business of the Company (or assist it in connection with any actual or proposed transaction) that (i) might subject the Company to any damage or penalty in any civil, criminal or governmental litigation or proceeding, (ii) if not given in the past, might have had a Material Adverse Change or (iii) if not continued in the future, might adversely affect the assets, business, operations or prospects of the Company. The Company has taken reasonable steps to ensure that its 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.

  • Corrupt Practices Legislation (i) Neither Tahoe nor any of its subsidiaries, nor, to Tahoe’s knowledge, any of their respective directors, officers, agents, employees, consultants or other persons acting on behalf of Tahoe or any of its subsidiaries has offered or given, and Tahoe is not aware of or does not have any knowledge of any person that has offered or given on its behalf, anything of value to any official of a Governmental Entity, any political party or official thereof or any candidate for political office, any customer or member of any Governmental Entity, or any other person, in any such case while knowing or having reason to know that all or a portion of such money or thing of value may be offered, given or promised, directly or indirectly, for the purpose of any of the following: (A) influencing any action or decision of such person, in such person’s official capacity, including a decision to fail to perform such person’s official function in order to obtain or retain an advantage for Tahoe or any of its subsidiaries in the course of business; (B) inducing such person to use such person’s influence with any Governmental Entity to affect or influence any act or decision of such Governmental Entity to assist Tahoe or any of its subsidiaries in obtaining or retaining business for, with, or directing business to, any person or otherwise to obtain or retain an advantage in the course of business; or (C) where such payment would constitute a bribe, rebate, payoff, influence payment, kickback or illegal or improper payment to assist Tahoe or the subsidiary in obtaining or retaining business for, with, or directing business to, any person. (ii) There have been no actions taken by Tahoe, any of its subsidiaries or, to the knowledge of Tahoe, by any persons on behalf of Tahoe or any of its subsidiaries, that would cause Tahoe or its subsidiaries or such persons to be in violation of the Corruption of Foreign Public Officials Act (Canada) or the Foreign Corrupt Practices Act of 1977 (United States) (collectively, the “Corruption Acts”) or any similar legislation in any jurisdiction in which Tahoe or any of its subsidiaries conduct their business and to which Tahoe or any of its subsidiaries may be subject. (iii) The financial records of Tahoe and its subsidiaries have at all times been maintained in compliance with the Corruption Acts. (iv) There are no proceedings or investigations under the Corruption Acts or any similar legislation in any jurisdiction in which Tahoe and its subsidiaries conduct their business pending against Tahoe or any of its subsidiaries, nor any of their respective directors, officers, agents, employees, consultants or other persons acting on behalf of Tahoe or any of its subsidiaries, or to the knowledge of Tahoe, threatened against or affecting, Tahoe or any of its subsidiaries or any of their respective directors, officers, agents, employees, consultants or other persons acting on behalf of Tahoe or any of its subsidiaries.

  • Bribery Act We fully comply with the Xxxxxxx Xxx 0000, and will not accept any form of payment, gift or service, the intention of which could be considered to result in the improper performance of Our obligations to You. If We reasonably believe that You have attempted to offer a bribe We will terminate Our agreement with You.

  • Anti-Corruption Laws; Sanctions Conduct its business in compliance in all material respects with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010 and other applicable anti-corruption legislation in other jurisdictions and with all applicable Sanctions, and maintain policies and procedures designed to promote and achieve compliance with such laws and Sanctions.

  • Compliance with Anti-Corruption Laws and Sanctions Maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.

  • Prevention of Corruption The Contractor shall not offer, give, or agree to give anything, to any person an inducement or reward for doing, refraining from doing, or for having done or refrained from doing, any act in relation to the obtaining or execution of the Contract or for showing or refraining from showing favour or disfavour to any person in relation to the Contract.

  • Sanctions; Anti-Corruption Laws The Borrower will maintain in effect policies and procedures designed to promote compliance by the Borrower, its Subsidiaries, and their respective directors, officers, employees, and agents with applicable Sanctions and with the FCPA and any other applicable anti-corruption laws.

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