ABAC Laws definition

ABAC Laws means laws and regulations relating to bribery and corruption including local laws such as the Malaysian Anti-Corruption Commission Act 2009, Section 17A of the Malaysian Anti-Corruption Commission (Amendment) Act 2018, and foreign laws such as the UK Bribery Act 2010 and the US Foreign Corrupt Practices Act 1977;

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ABAC Laws has the meaning set forth in Section 3.12(c).

ABAC Laws shall have the meaning set forth in Section 4.1(p)(i).

Examples of ABAC Laws in a sentence

Partner covenants that it will maintain accurate books and records and systems of internal controls to ensure compliance with ABAC Laws.
Within 90 days following the date of the Restructuring Effective Date, the Parent shall conduct a review of its existing policies and procedures designed to prevent the Parent from engaging in any activity, practice or conduct that would violate any Applicable ABAC Laws, and shall adopt and implement amendments and modifications to such policies and procedures to the extent same are deemed reasonable by the Board of Directors of the Parent.
From and after the date hereof, the Company shall also use its reasonable best efforts to cause the Company to adopt and implement, on behalf of itself and each of the Group Companies, with effect from the Closing, a program of compliance intended to ensure that the Company and Group Companies are in material compliance with all applicable ABAC Laws.
Neither party shall take any action, permit, or authorize any action by a third party in violation of ABAC Laws.
The Company further covenants that it shall (and shall cause each of its subsidiaries to) maintain systems of internal controls (including, but not limited to, accounting systems, purchasing systems and billing systems) to ensure compliance with Applicable ABAC Laws, Applicable Money Laundering Laws and Sanctions.

More Definitions of ABAC Laws

ABAC Laws. Part I of Exhibit D “ADCT” Preamble

ABAC Laws mean the FCPA, the U.S. Travel Act, the U.S. domestic bribery statute contained in 18 U.S.C. § 201, the UK Bribery Act 2010, the Money Laundering Control Act of 1986, the Uniting and Strengthening America by Providing Appropriate Tools to Restrict, Intercept, and Obstruct Terrorism Act of 2001 (the USA PATRIOT Act), the UK Proceeds of Crime Act 2002, and all other applicable Laws that address (i) anti-bribery, anti-corruption, and anti-kickback matters in the public or private sector or otherwise, or (ii) anti-money laundering, anti-terrorism, anti-terrorist financing, or anti-narcotics matters.

ABAC Laws. Section 7.5(b)

ABAC Laws has the meaning given to such term in Section 4.24(b);

ABAC Laws is defined in Clause 6.14.4.

ABAC Laws means any and all applicable anti-bribery or anti-corruption laws and regulations including but not limited to the Corruption of Foreign Public Officials Act (Canada), the Freezing Assets of Corrupt Foreign Public Officials Act (Canada), the Foreign Corrupt Practices Act (U.S.), the Bribery Act (U.K.) and any other or similar Applicable Laws each as may be amended, replaced or supplemented from time to time. (i) “Agreement” means this master services agreement, together with all of its Schedules, Ordering Documents, and any other document signed by the parties and submitted pursuant to the Agreement.

ABAC Laws means the Criminal Code Act 1995 (Cth) provisions relating to anti-bribery, anti- corruption and improper payments.