Termination Amount for Corrupt Gifts and Fraud Sample Clauses

The 'Termination Amount for Corrupt Gifts and Fraud' clause defines the financial consequences if a contract is terminated due to corrupt practices or fraudulent behavior by one of the parties. Typically, this clause outlines how the termination amount is calculated, such as requiring the offending party to pay damages or forfeit certain payments, and may specify that no compensation is owed to the party at fault. Its core function is to deter unethical conduct by establishing clear financial penalties, thereby protecting the integrity of the contractual relationship and providing a remedy for the non-breaching party.
Termination Amount for Corrupt Gifts and Fraud. 29.2.1 The Private Party shall reimburse SANParks with all costs incurred by SANParks in exercising any of its rights in terms of this Clause 29 (including, without limitation, any relevant increased administrative expenses and attorney and own client costs, where applicable). 29.2.2 The rights of SANParks (to terminate or otherwise) under this Clause are in addition (and without prejudice) to any other right which SANParks may have in law to claim the amount of loss or damages suffered by SANParks on account of the acts or omissions of the Private Party (or to take any action other than termination of this PPP Agreement).
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Termination Amount for Corrupt Gifts and Fraud. 30.2.1 The Operator shall reimburse SANParks with all costs incurred by SANParks in exercising any of its rights in terms of this Clause 30 (including, without limitation, any relevant increased administrative expenses and attorney and own client costs, where applicable). 30.2.2 The rights of SANParks (to terminate or otherwise) under this Clause are in addition (and without prejudice) to any other right which SANParks may have in law to claim the amount of loss or damages suffered by SANParks on account of the acts or omissions of the Operator (or to take any action other than termination of this Agreement).
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Termination Amount for Corrupt Gifts and Fraud. On termination of this Agreement in accordance with clause 32, the Institution shall not pay the Private Party any amount.
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Related to Termination Amount for Corrupt Gifts and Fraud

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  • Anti-Corruption and Anti-Bribery Laws Neither the Company nor any of its subsidiaries nor any director, officer, or employee of the Company or any of its subsidiaries, nor to the knowledge of the Company, any agent, affiliate or other person acting on behalf of the Company or any of its subsidiaries has, in the course of its actions for, or on behalf of, the Company or any of its subsidiaries (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity; (ii) made or taken any act in furtherance of an offer, promise, or authorization of any direct or indirect unlawful payment or benefit to any foreign or domestic government official or employee, including of any government-owned or controlled entity or public international organization, or any political party, party official, or candidate for political office; (iii) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended (the “FCPA”), the UK ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, or any other applicable anti-bribery or anti-corruption law; or (iv) made, offered, authorized, requested, or taken an act in furtherance of any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment or benefit. The Company and its subsidiaries and, to the knowledge of the Company, the Company’s affiliates have conducted their respective businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith.

  • 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: