Common use of Economic Extortion Clause in Contracts

Economic Extortion. It is construed as economic extortion any act to subdue the will of an officer accompanied by a threat or force, in order to obtain a benefit for the person or for a third party; in this sense, Cenit rejects any act of extortion, which have criminal sanctions regulated in Law 599 of 2000, Colombian Criminal Code. DC – Contrato de Transporte de Crude Oil – 008 – 2013 100

Economic Extortion. It is construed as economic extortion any act to subdue the will of an officer accompanied by a threat or force, in order to obtain a benefit for the person or for a third party; in this sense, Cenit rejects any act of extortion, which have criminal sanctions regulated in Law 599 of 2000, Colombian Criminal Code. DC – Contrato de Transporte de Crude Oil – 008 – 2013 100.

Economic Extortion. It is construed as economic extortion any act to subdue the will of an officer accompanied by a threat or force, in order to obtain a benefit for the person or for a third party; in this sense, Cenit rejects any act of extortion, which have criminal sanctions regulated in Law 599 of 2000, Colombian Criminal Code. DC – Contrato de Transporte de Crude Oil – 008 017 – 2013 100113 Attachment E CENIT’S Compliance Manual

Economic Extortion. It is construed as economic extortion any act to subdue the will of an officer accompanied by a threat or force, in order to obtain a benefit for the person or for a third party; in this sense, Cenit rejects any act of extortion, which have criminal sanctions regulated in Law 599 of 2000, Colombian Criminal Code. DC – Contrato de Transporte de Crude Oil Transportation Agreement – 008 018 – 2013 100111