Common use of Integrity Clause in Contracts

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person; (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity in relation to the Loan and to the Project.

Appears in 5 contracts

Sources: Financial Agreement, Financial Agreement, Financial Agreement

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly: (i) maintain or enter into a business relationship with any Sanctioned Personwith, or (ii) and/or make any funds and/or economic resources available to to, or for the benefit of, directly or indirectly, any Sanctioned Person in connection with the Project, (ii) use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or (iii) fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person;, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.9(b) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti-boycott rule of the EU such as Regulation (EC) 2271/96. (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members whoRelevant Persons: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity of the activities in relation to the Loan and to the Project.

Appears in 4 contracts

Sources: Financial Agreement, Financial Agreement, Financial Agreement

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly: (i) maintain or enter into a business relationship with any Sanctioned Personwith, or (ii) and/or make any funds and/or economic resources available to to, or for the benefit of, directly or indirectly, any Sanctioned Person in connection with the Project, or (ii) use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or (iii) fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person;, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.8(b) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti-boycott rule of the EU such as Regulation (EC) 2271/96. (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s OfficialRelevant Persons: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members Relevant Person who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity of the activities in relation to the Loan and to the Project.

Appears in 3 contracts

Sources: Финансијски Уговор, Финансијски Уговор, Финансијски Уговор

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person; (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s Official: The Borrower undertakes and shall procure that the Promoter undertakes undertake to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who: (i) becomes a Sanctioned Person; Person or (ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s ▇▇▇▇▇▇▇▇’▇, ▇▇▇▇▇▇▇▇’▇ activity in relation to the Loan and to the Project.

Appears in 2 contracts

Sources: Financial Agreement, Financial Agreement

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person; (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity in relation to the Loan and to the Project.

Appears in 2 contracts

Sources: Financial Agreement, Финансијски Уговор

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly: (i) maintain or enter into a business relationship with any Sanctioned Personwith, or (ii) and/or make any funds and/or economic resources available to to, or for the benefit of, directly or indirectly, any Sanctioned Person in connection with the Project, or (ii) use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or (iii) fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person;, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.8(b) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti-boycott rule of the EU such as Regulation (EC) 2271/96. (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s OfficialRelevant Persons: The Borrower undertakes and shall procure that the Promoter undertakes to take take, within a reasonable timeframe timeframe, appropriate measures in respect of any member of its management bodies or senior staff members Relevant Person who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity of the activities in relation to the Loan and to the Project.

Appears in 2 contracts

Sources: Financial Agreement, Financial Agreement

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the ContractContract or the Technical Side Letter. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly: (i) maintain or enter into a business relationship with any Sanctioned Personwith, or (ii) and/or make any funds and/or economic resources available to to, or for the benefit of, directly or indirectly, any Sanctioned Person in connection with the Project, (ii) use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or (iii) fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person;, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.8(b)) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti- boycott rule of the EU such as Regulation (EC) 2271/96. (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s OfficialRelevant Persons: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members Relevant Person who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity of the activities in relation to the Loan and to the Project.

Appears in 1 contract

Sources: Финансијски Уговор

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the ContractContract or the Technical Side Letter. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not directly or indirectly: (i) maintain or enter into a business relationship with any Sanctioned Personwith, or (ii) and/or make any funds and/or economic resources available to to, or for the benefit of, directly or indirectly, any Sanctioned Person in connection with the Project, (ii) use all or part of the proceeds of the Loan or lend, contribute or otherwise make available such proceeds to any person in any manner that would result in a breach by itself and/or by the Bank of any Sanctions; or (iii) fund all or part of any payment under this Contract out of proceeds derived from activities or businesses with a Sanctioned Person;, a person in breach of the Sanctions or in any manner that would result in a breach by itself and/or by the Bank of any Sanctions. It is acknowledged and agreed that the undertakings set out in this Article 6.8(b)) are only sought by and given to the Bank to the extent that to do so would be permissible pursuant to any applicable anti-boycott rule of the EU such as Regulation (EC) 2271/96. (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s OfficialRelevant Persons: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members Relevant Person who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is the subject of the lifting of immunity a final and irrevocable court ruling in connection with Prohibited Conduct perpetrated in the course of the exercise of their professional duties, in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity of the activities in relation to the Loan and to the Project.

Appears in 1 contract

Sources: Financial Agreement

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter and the Beneficiaries shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. (ii) The Borrower undertakes and shall procure that the Promoter undertakes and the Beneficiaries undertake to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to and the Beneficiaries shall ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter or the Beneficiaries to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter and the Beneficiaries shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person; (c) ▇▇▇▇▇▇▇▇’▇ Borrower’s and Promoter’s and Beneficiaries’ Official: The Borrower undertakes and shall procure that the Promoter undertakes and the Beneficiaries undertake to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct Conduct; in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s or Beneficiaries’ activity in relation to the Loan and to the Project.

Appears in 1 contract

Sources: Financial Agreement

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract.; (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project.; (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person; (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s ▇▇▇▇▇▇▇▇’▇ Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity in relation to the Loan and to the Project.

Appears in 1 contract

Sources: Financial Agreement

Integrity. (a) Prohibited Conduct: (i) The Borrower shall not and shall procure that the Promoter shall not engage in (and shall not authorise or permit any other Person acting on its behalf to engage in) any Prohibited Conduct in connection with the Project, any tendering procedure for the Project, or any transaction contemplated by the Contract. (ii) The Borrower undertakes and shall procure that the Promoter undertakes to take such action as the Bank shall reasonably request to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (iii) The Borrower undertakes and shall procure that the Promoter undertakes to ensure that contracts financed by this Loan include the necessary provisions to enable the Borrower or the Promoter to investigate or terminate any alleged or suspected occurrence of any Prohibited Conduct in connection with the Project. (b) Sanctions: The Borrower shall not and shall procure that the Promoter shall not (i) enter into a business relationship with any Sanctioned Person, or (ii) make any funds available to or for the benefit of, directly or indirectly, any Sanctioned Person; (c) ▇▇▇▇▇▇▇▇’▇ and Promoter’s ▇▇▇▇▇▇▇▇’▇ Official: The Borrower undertakes and shall procure that the Promoter undertakes to take within a reasonable timeframe appropriate measures in respect of any member of its management bodies or senior staff members who: (i) becomes a Sanctioned Person; or (ii) is indicted or is convicted by a court or is subject of the lifting of immunity in connection with Prohibited Conduct in order to ensure that such member is suspended, dismissed or in any case excluded from any Borrower’s or Promoter’s activity in relation to the Loan and to the Project.

Appears in 1 contract

Sources: Финансијски Уговор – Оквир За Јачање Отпорности Локалне Инфраструктуре