Common use of Proper Practice Clause in Contracts

Proper Practice. Neither Party shall pay any fee, commission, rebate or anything of value to or for the benefit of any employee of the other Party, nor will either Party do business with any company knowing the results might directly benefit an employee of the other Party. (a) Charterer acknowledges that Owner is subject to the FCPA and may be subject to the UKBA (the UKBA and the FCPA being, together, the “Compliance Regulations”), and agrees that Owner shall have the right to take such reasonable action as it may deem necessary to ensure compliance with the Compliance Regulations. In this regard, Charterer also acknowledges that the selection of service providers, the implementation of this Charter, and the terms on which service providers for the Charter are engaged shall be subject to procedures or terms aimed at ensuring compliance with the Compliance Regulations. (b) Notwithstanding the generality of the foregoing: (i) Charterer hereby warrants and represents to Owner that: (A) none of Charterer its employees, or its agents has taken in respect of this Charter or shall take any action in violation of the Compliance Regulations; and (B) Charterer is not aware of any offer or payment by any employee or agent of Owner’s or an Affiliate of Owner of any gift or other amount to Charterer or any employee, agent, director or officer of either, whether for purposes of inducing them to enter into this Charter or otherwise, and shall promptly report any such effort or any such payment or gift ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ promptly to Owner should they ever discover that one was made or offered. (ii) Owner hereby warrants and represents to Charterer that: (A) none of Owner or its employees has taken or shall take any action in violation of the Compliance Regulations; and (B) Owner is not aware of any offer or payment by any employee or agent of Charterer’s or an Affiliate of Charterer of any gift or other amount to Owner or any employee, agent, director or officer of either, whether for purposes of inducing them to enter into this Charter or otherwise, and shall promptly report any such effort or any such payment or gift promptly to Charterer should they ever discover that one was made or offered. The Parties agree to take reasonable endeavours to ensure that, in connection with this Charter and the activities contemplated herein, neither Party’s directors, officers and employees, or those of their Affiliates, will take action, or omit to take any action, that would violate the Compliance Regulations. ​

Proper Practice. Neither Party shall pay any fee, commission, rebate or anything of value to or for the benefit of any employee of the other Party, nor will either Party do business with any company knowing the results might directly benefit an employee of the other Party. (a) Charterer Customer acknowledges that Owner Contractor is subject to the FCPA and may be subject to the UKBA (the UKBA and the FCPA being, together, the “"Compliance Regulations”"), and agrees that Owner Contractor shall have the right to take such reasonable action as it may deem necessary to ensure compliance with the Compliance Regulations. In this regard, Charterer Customer also acknowledges that the selection of service providers, the implementation of this CharterAgreement, and the terms on which service providers for the Charter this Agreement are engaged shall be subject to procedures or terms aimed at ensuring compliance with the Compliance Regulations.. ​ ​ ​ (b) Notwithstanding the generality of the foregoing: (i) Charterer Customer hereby warrants and represents to Owner Contractor that: (A) none of Charterer Customer, its employees, or its agents has taken in respect of this Charter Agreement or shall take any action in violation of the Compliance Regulations; and (B) Charterer Customer is not aware of any offer or payment by any employee or agent of OwnerContractor’s or an Affiliate of Owner Contractor of any gift or other amount to Charterer Customer or any employee, agent, director or officer of either, whether for purposes of inducing them to enter into this Charter or otherwise, and shall promptly report any such effort or any such payment or gift ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ promptly to Owner should they ever discover that one was made or offered. (ii) Owner hereby warrants and represents to Charterer that: (A) none of Owner or its employees has taken or shall take any action in violation of the Compliance Regulations; and (B) Owner is not aware of any offer or payment by any employee or agent of Charterer’s or an Affiliate of Charterer of any gift or other amount to Owner or any employee, agent, director or officer of either, whether for purposes of inducing them to enter into this Charter Agreement or otherwise, and shall promptly report any such effort or any such payment or gift promptly to Charterer Contractor should they ever discover that one was made or offered. . (ii) Contractor hereby warrants and represents to Customer that none of Contractor or its employees has taken or shall take any action in violation of the Compliance Regulations. (c) The Parties agree to take reasonable endeavours to ensure that, in connection with this Charter Agreement and the activities contemplated herein, neither Party’s 's directors, officers and employees, or those of their Affiliates, will take action, or omit to take any action, that would violate the Compliance Regulations. ​.