Common use of Understanding of the Parties Clause in Contracts

Understanding of the Parties. The Parties to this Contract understand that: (i) The offering, solicitation or acceptance of an offer, promise or gift of any pecuniary or other nature, whether directly or through intermediaries, to any public official of the Government, or a member of an official’s family or business associate or other person in close proximity to an official, for that official or for a third party, in order that the official or third party act or refrain from acting in relation to the performance of official duties to achieve any favor in relation to a proposed investment or any licenses, permits, contract or other rights in relation to an investment; and (ii) Any acts complicit in any act described in Section 11.3(d)(i), including incitement, aiding and abetting, conspiracy to commit or authorization of such acts, are acts inconsistent with the Applicable Law and this Agreement are acts subject to appropriate criminal and other enforcement and sanctions.

Understanding of the Parties. The Parties to this Contract understand that: (i) The offering, solicitation or acceptance of an offer, promise or gift of any pecuniary or other nature, whether directly or through intermediaries, to any public official of the Government, or a member of an official’s family or business associate or other person in close proximity to an official, for that official or for a third party, in order that the official or third party act or refrain from acting in relation to the performance of official duties to achieve any favor in relation to a proposed investment or any licenses, permits, contract or other rights in relation to an investment; and (ii) Any acts complicit in any act described in Section 11.3(d)(i), including incitement, aiding and abetting, conspiracy to commit or authorization of such acts, are acts inconsistent with the Applicable Law and this Agreement are acts subject to appropriate criminal and other enforcement and sanctions.sanctions.‌