Corruption Laws. (a) Since December 31, 2013, except as would not, individually or in the aggregate, reasonably be expected to be Material, (x) the Acquired Entities and their Subsidiaries have been and are in compliance with all applicable anti-bribery and anti-money laundering Laws and (y) neither any Acquired Entity nor any of their Subsidiaries, nor, to the Knowledge of the Acquired Entities, any officer, director, employee, reseller, distributor or agent acting on behalf of any Acquired Entity or any Subsidiary of an Acquired Entity has provided, offered, gifted or promised, directly or indirectly, anything of value to any government official, political party or candidate for government office, nor provided or promised anything of value to any other person while knowing that all or a portion of that thing of value would or will be offered, given, or promised, directly or indirectly, to any government official, political party or candidate for government office, in either case, for the purpose of: (i) influencing any act or decision of such official, party or candidate in his or her official capacity, inducing such official, party or candidate to do or omit to do any act in violation of their lawful duty, or securing any improper advantage for the benefit of any Acquired Entity or any of their Subsidiaries; or (ii) inducing such Government Official, political party or candidate to use his or her influence with his or her government or instrumentality to affect or influence any act or decision of such government or instrumentality, in order to assist any Acquired Entity or any of their Subsidiaries in obtaining or retaining business for or with, or directing business to, any Person.
Appears in 3 contracts
Sources: Transaction Agreement (MSG Entertainment Spinco, Inc.), Transaction Agreement (MSG Entertainment Spinco, Inc.), Transaction Agreement (Madison Square Garden Co)