Applicable ABAC Laws definition
Examples of Applicable ABAC Laws in a sentence
Within 90 days following the date of the Restructuring Effective Date, the Parent shall conduct a review of its existing policies and procedures designed to prevent the Parent from engaging in any activity, practice or conduct that would violate any Applicable ABAC Laws, and shall adopt and implement amendments and modifications to such policies and procedures to the extent same are deemed reasonable by the Board of Directors of the Parent.
The Company further covenants that it shall (and shall cause each of its subsidiaries to) maintain systems of internal controls (including, but not limited to, accounting systems, purchasing systems and billing systems) to ensure compliance with Applicable ABAC Laws, Applicable Money Laundering Laws and Sanctions.
If it has not already done so, Partner shall adopt and implement within 90 days of executing this Agreement policies and procedures reasonably designed to prevent Partner and anyone acting on its behalf from engaging in any activity, practice, or conduct that would violate any of the Applicable ABAC Laws or Applicable Trade Laws.
Such policy and procedures shall be consistent with: (i) the corresponding policies and procedures of Wal- Mart; and (ii) the guidance that has been provided by Governmental Authorities in Singapore, Mauritius, India, the United Kingdom and the United States of America having authority to investigate or prosecute violations of Applicable ABAC Laws.
None of the Fit Group Companies or any of their respective Fit Representatives shall pay, offer, promise or authorize the payment of, directly or indirectly, any monies or transfer anything of value to any Government Official or employee of a private sector entity with which such Fit Group Company is doing or seeking to do business in a manner that violates any Applicable ABAC Laws or engage in any conduct that would violate any Applicable Money Laundering Laws or Sanctions.
If it has not already done so, the Company shall adopt and implement within ninety (90) days of the date of this Agreement, a policy and procedures designed to prevent the Fit Group Companies as well as their respective Fit Representatives from engaging in any activity, practice or conduct that would violate any Applicable ABAC Laws.
If the Company suspects or comes to believe that either it or any other Fit Group Company has violated any Applicable ABAC Laws, Applicable Money Laundering Laws or Sanctions, it shall Notify each of the Shareholders promptly in writing of its suspicion or belief.