Common use of Proper Practice Clause in Contracts

Proper Practice. Owner shall not pay any fee, commission, rebate or anything of value to or for the benefit of any employee of Charterer, nor will Owner do business with any company knowing the results might directly benefit an employee of Charterer. Owner shall use its best efforts not to permit any of Owner’s employees, servants, agents or representatives to engage in any activities contrary or detrimental to the best interests of Charterer. (a) Owner and Charterer mutually agree that, in connection with this Charter and the activities contemplated herein, neither of them nor any of their respective employees, servants, agents, representatives or Affiliates will take action, or omit to take any action, that would cause the other Party to be in violation of any Law related to the other Party’s business practices, including the U.S. Foreign Corrupt Practices Act or any similar statute of any Governmental Authority. (b) Owner agrees that all invoices rendered by Owner to Charterer, as provided for in this Charter, shall, in reasonable detail, accurately and fairly reflect the facts about all activities and transactions handled for the account of Charterer. (c) Notwithstanding the generality of the foregoing, Owner represents and warrants that neither Owner nor any officer, director, commissioner, shareholder, employee, servant, agent or representative thereof will make or cause to be made any payment, loan, or gift of any money or anything of value, directly or indirectly: (i) to or for the benefit of any official or employee of any Governmental Authority thereof; or (ii) to any other Person or entity, where such payment, loan, or gift of any money or anything of value is intended to influence a decision in favour of Charterer in a manner that is inconsistent with the principles set forth in this Clause 41. Breach of this Clause 41.2 by Owner shall constitute sufficient grounds for Charterer forthwith to terminate this Charter under Clause 28, by so notifying Owner in writing.

Proper Practice. Owner Contractor shall not pay any fee, commission, rebate or anything of value to or for the benefit of any employee of ChartererCustomer, nor will Owner Contractor do business with any company knowing the results might directly benefit an employee of ChartererCustomer. Owner Contractor shall use its best efforts not to permit any of OwnerContractor’s employees, servants, agents or representatives to engage in any activities contrary or detrimental to the best interests of ChartererCustomer. (a) Owner Contractor and Charterer Customer mutually agree that, in connection with this Charter Agreement and the activities contemplated herein, neither of them nor any of their respective employees, servants, agents, representatives or Affiliates will take action, or omit to take any action, that would cause the other Party to be in violation of any Law related to the other Party’s business practices, including the U.S. Foreign Corrupt Practices Act or any similar statute of any Governmental Authority. (b) Owner Contractor agrees that all invoices rendered by Owner Contractor to ChartererCustomer, as provided for in this CharterAgreement, shall, in reasonable detail, accurately and fairly reflect the facts about all activities and transactions handled for the account of ChartererCustomer. (c) Notwithstanding the generality of the foregoing, Owner Contractor represents and warrants that neither Owner Contractor nor any officer, director, commissioner, shareholder, employee, servant, agent or representative thereof will make or cause to be made any payment, loan, or gift of any money or anything of value, directly or indirectly: (i) to or for the benefit of any official or employee of any Governmental Authority thereof; or (ii) to any other Person or entity, where such payment, loan, or gift of any money or anything of value is intended to influence a decision in favour of Charterer Customer in a manner that is inconsistent with the principles set forth in this Clause 4132. Breach of this Clause 41.2 32.2 by Owner Contractor shall constitute sufficient grounds for Charterer Customer forthwith to terminate this Charter Agreement under Clause 2822, by so notifying Owner Contractor in writing.

Proper Practice. Owner Neither Party shall not pay any fee, commission, rebate or anything of value to or for the benefit of any employee of Chartererthe other Party, nor will Owner either Party do business with any company knowing the results might directly benefit an employee of Charterer. Owner shall use its best efforts not to permit any of Owner’s employees, servants, agents or representatives to engage in any activities contrary or detrimental to the best interests of Chartererother Party. (a) Owner Customer acknowledges that Contractor is subject to the FCPA and Charterer mutually may be subject to the UKBA (the UKBA and the FCPA being, together, the "Compliance Regulations"), and agrees that Contractor shall have the right to take such reasonable action as it may deem necessary to ensure compliance with the Compliance Regulations. In this regard, Customer also acknowledges that the selection of service providers, the implementation of this Agreement, and the terms on which service providers for this Agreement are engaged shall be subject to procedures or terms aimed at ensuring compliance with the Compliance Regulations. ​ ​ ​ (b) Notwithstanding the generality of the foregoing: (i) Customer hereby warrants and represents to Contractor that: (A) none of Customer, its employees, or its agents has taken in respect of this Agreement or shall take any action in violation of the Compliance Regulations; and (B) Customer is not aware of any offer or payment by any employee or agent of Contractor’s or an Affiliate of Contractor of any gift or other amount to Customer or any employee, agent, director or officer of either, whether for purposes of inducing them to enter into this Agreement or otherwise, and shall promptly report any such effort or any such payment or gift promptly to Contractor should they ever discover that one was made or offered. (ii) Contractor hereby warrants and represents to Customer that none of Contractor or its employees has taken or shall take any action in violation of the Compliance Regulations. (c) The Parties agree to take reasonable endeavours to ensure that, in connection with this Charter Agreement and the activities contemplated herein, neither of them nor any Party's directors, officers and employees, or those of their respective employeesAffiliates, servants, agents, representatives or Affiliates will take action, or omit to take any action, that would cause violate the other Party to be in violation of any Law related to the other Party’s business practices, including the U.S. Foreign Corrupt Practices Act or any similar statute of any Governmental AuthorityCompliance Regulations. (b) Owner agrees that all invoices rendered by Owner to Charterer, as provided for in this Charter, shall, in reasonable detail, accurately and fairly reflect the facts about all activities and transactions handled for the account of Charterer. (c) Notwithstanding the generality of the foregoing, Owner represents and warrants that neither Owner nor any officer, director, commissioner, shareholder, employee, servant, agent or representative thereof will make or cause to be made any payment, loan, or gift of any money or anything of value, directly or indirectly: (i) to or for the benefit of any official or employee of any Governmental Authority thereof; or (ii) to any other Person or entity, where such payment, loan, or gift of any money or anything of value is intended to influence a decision in favour of Charterer in a manner that is inconsistent with the principles set forth in this Clause 41. Breach of this Clause 41.2 by Owner shall constitute sufficient grounds for Charterer forthwith to terminate this Charter under Clause 28, by so notifying Owner in writing.