Common use of Under U Clause in Contracts

Under U. S. law it is a criminal offense for IDSI to make payments directly or indirectly to foreign governmental officials or political parties to influence any act or decision of such officials or parties and thereby obtain or retain business. In order to avoid criminal sanctions under this act, ETC agrees (i) to not give or offer anything of value to any governmental official, political party, or candidate for governmental office in connection with the sale of Products; (ii) to comply with all laws and regulations of the United States, including, without limitation, those regarding corrupt payments and anti-boycott laws; (iii) that there is and will be no employment of, or beneficial ownership of ETC by any governmental or political officials in connection with the sale of Products; (iv) to IDSI's right to terminate the agreement immediately upon violation by ETC of these obligations; and (v) to indemnify IDSI for losses and damages due to breach of the above obligations.

Under U. S. law it is a criminal offense for IDSI to make payments directly or indirectly to foreign governmental government officials or political parties to influence any act or decision of such officials or parties and thereby obtain or retain business. In order to avoid the criminal sanctions under this act, ETC agrees (i) to not give or offer anything of value to any governmental government official, political party, or candidate for governmental government office in connection with the sale of Products; (ii) to comply with all laws and regulations of the United States, including, without limitation, those regarding corrupt payments and anti-boycott laws; (iii) that there is and will be no employment of, or beneficial ownership of ETC by any governmental government or political officials in connection with the sale of Products; (iv) to IDSI's right to terminate the agreement Agreement immediately upon violation by ETC of these obligations; and (v) to indemnify IDSI for losses and damages due to breach of the above obligations.