Common use of Propriety of Past Payments Clause in Contracts

Propriety of Past Payments. (a) No unrecorded fund or asset of the Company has been established for any purpose; (b) no accumulation or use of corporate funds of the Company has been made without being properly accounted for in the books and records of the Company; (c) no payment has been made by or on behalf of the Company with the understanding that any part of such payment is to be used for any purpose other than that described in the documents supporting such payment; and (d) none of the Company, any director, officer, employee or agent of the Company or any other Person associated with or acting for or on behalf of the Company has, directly or indirectly, made any illegal contribution, gift, bribe, rebate, payoff, influence payment, kickback or other payment to any Person, private or public, regardless of form, whether in money, property or services, (i) to obtain favorable treatment for the Company or any affiliate of the Company in securing business, (ii) to pay for favorable treatment for business secured for the Company or any affiliate of the Company, (iii) to obtain special concessions, or for special concessions already obtained, for or in respect of the Company or any affiliate of the Company or (iv) otherwise for the benefit of the Company or any affiliate of the Company in violation of any Law. None of the Company or any director, officer, employee, agent, or other Person acting for or on behalf of the Company, has (x) used funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to political activity or (y) accepted or received any unlawful contribution, payment, gift, kickback, expenditure or other item of value.

Appears in 2 contracts

Samples: Merger Agreement (M/a-Com Technology Solutions Holdings, Inc.), Merger Agreement (M/a-Com Technology Solutions Holdings, Inc.)

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Propriety of Past Payments. In connection with the Business, (a) No no unrecorded fund or asset of the Company Companies or the Hargreaves has been established for any purpose; , (b) no material accumulation or material use of corporate funds of the Company Companies has been made without being properly accounted for in the books and records of the Company; Business, (c) no payment has been made by or on behalf of the Company Companies with the understanding that any part of such payment is to be used for any purpose other than that described in the documents supporting such payment; and , and (d) none of the CompanyCompanies, any director, officer, employee or agent of the Company their Representatives or any other Person associated with or acting for or on behalf of the Company Companies has, directly or indirectly, made any illegal contribution, gift, bribe, rebate, payoff, influence payment, kickback or other payment to any Person, private or public, regardless of form, whether in money, property or services, (i) to obtain favorable treatment for the Company or any affiliate of the Company in securing business, (ii) to pay for favorable treatment for business secured for the Company or any affiliate of the Company, (iii) to obtain special concessions, or for special concessions already obtained, for or in respect of the Company or any affiliate of the Company Company, or (iv) otherwise for the benefit of the Company or any affiliate of the Company Companies in violation of any Law, including the FCPA. None of Neither the Company or Companies nor any current director, officer, employee, agent, employee or other Person acting for or on behalf of the CompanyCompanies, has (x) used funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to political activity or (y) accepted or received any unlawful contribution, payment, gift, kickback, expenditure or other item of valuevalue in violation of any Law.

Appears in 1 contract

Samples: Purchase Agreement (Scotts Miracle-Gro Co)

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Propriety of Past Payments. (a) No unrecorded fund or asset of the Company has been established for any purpose; , (b) no accumulation or use of corporate funds of the Company has been made without being properly accounted for in the books and records of the Company; , (c) no payment has been made by or on behalf of the Company with the understanding that any part of such payment is to be used for any purpose other than that described in the documents supporting such payment; and , and (d) none of the Company, any director, officer, employee or agent of the Company or any other Person associated with or acting for or on behalf of the Company has, directly or indirectly, made any illegal contribution, gift, bribe, rebate, payoff, influence payment, kickback or other payment to any Person, private or public, regardless of form, whether in money, property or services, (i) to obtain favorable treatment for Seller, the Company Company, or any affiliate Affiliate of the Company in securing business, (ii) to pay for favorable treatment for business secured for Seller, the Company Company, or any affiliate Affiliate of the Company, (iii) to obtain special concessions, or for special concessions already obtained, for or in respect of Seller, the Company Company, or any affiliate Affiliate of the Company Company, or (iv) otherwise for the benefit of Seller, the Company Company, or any affiliate Affiliate of the Company in violation of any Lawlaw or other administrative order, constitution, ordinance, regulation, statute or other such norm. None of Neither the Company or nor any current director, officer, employee, agent, employee or other Person acting for or on behalf of the Company, has (x) used funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to political activity or (y) accepted or received any unlawful contribution, payment, gift, kickback, expenditure or other item of value.

Appears in 1 contract

Samples: Share Purchase Agreement (Techteam Global Inc)

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