Specific anti-corruption compliance requirements Clause Samples

Specific anti-corruption compliance requirements. The Organizer shall comply with all governmental statutes, laws, rules and regulations, including but not limited to all applicable local and international anti-corruption laws, applicable to the performance of its obligations and activities under this Agreement. The Organizer shall use the Fees for legitimate purposes and shall not offer, promise, arrange for or give, either directly or indirectly, anything of value (including but not limited to monies, gifts, entertainment and special favours) to any individual including but not limited to any Public Official, for the purpose of obtaining or retaining business or securing any improper advantage. The Organizer shall immediately disclose to Airbus in the event a Public Official holds a position or ownership within its organization, wherein Airbus shall decide at its sole discretion whether to proceed with or cancel the Agreement. The Organizer warrants that the bank accounts provided to Airbus are owned solely by the Organizer and that no person other than the Organizer or its bank has any ownership of or interest in such account.