Transparency Commitment Sample Clauses

Transparency Commitment. The Parties commit to: (a) To maintain appropriate conducts and controls to guaranty an ethic performance in agreement with the regulations in force. (b) To refrain from making (directly or indirectly, or through employees, representatives, affiliates or contractors), payments, loans, gifts, gratuities, commissions to employees, directors, managers, contractors or suppliers of Cenit, public servants, members of bodies elected by popular vote, or political parties, in order to induce such persons to do something or to make a decision or to use their influence in order to contribute in obtaining or keeping businesses in relation to the Agreement. (c) To refrain from generating inaccurate records or data, or from disseminating information that affects the image of the other Party when it is based on assumptions that have not been proven. (d) To prevent any situation that could generate a conflict of interest. (e) To communicate in a mutual and reciprocal manner any departure from the line of conduct set forth in this clause. The Sender declares that it knows and accepts Cenit’s Ethics’ Code. In case that Cenit determines that the Sender has incurred in conducts that are in breach of this clause, it may terminate this Agreement. Clause 16. Validity

Transparency Commitment. The Parties agree to: (i) Uphold appropriate behaviors and oversight to ensure ethical conduct in accordance with current standards. (ii) Refrain from making (directly or indirectly or through employees, representatives, affiliates or contractors), payments, loans, gifts, bonuses, commissions to employees, management, administrators, contractors or providers of the Parties, public officials, members of popularly-elected bodies or political parties, with the purpose of inducing such persons to carry out an act or make a decision or use their influence with the objective of contributing in order to obtain or retain business transactions related to the Master Service Contract. (iii) Refrain from producing incorrect records or information or distributing information that affects the image of the other Party when it is based on unfounded conjectures. (iv) Report to each other any deviation from the policy of conduct indicated in this clause.