Common use of U.S. Foreign Corrupt Practices Act Clause in Contracts

U.S. Foreign Corrupt Practices Act. The U.S. Foreign Corrupt Practices Act (the “FCPA”) makes it unlawful to offer, pay, promise or authorize to pay any money, gift or anything of value, including but not limited to bribes, entertainment, kickbacks or any benefit, directly or indirectly, (i) to any official or any political party or (ii) to any person while knowing or suspecting that the payment or gift will be passed on to an official, in connection with any business activity of Regent or its wholly or partially owned affiliates (collectively “Regent”). For the purpose of this Agreement, an “official” means any employee or officer of a government of a country (i.e., a country other than the United States of America), including any federal, regional or local department, agency, or enterprise owned or controlled by the government, any official of a political party, any official or employee of a public international organization, any person acting in an official capacity for, or on behalf of, any such organization or entity, and any candidate for political office.