Corrupt Payment definition

Corrupt Payment means anything of value authorized, offered, promised, or provided, directly or indirectly by the Supplier to improperly influence a person or a business in order to secure any improper advantage. Corrupt payment includes facilitating payment but exclude anything of value provided in response to an extortionate demand by a third party which places the Supplier under imminent threat of physical harm.
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Corrupt Payment means the offering, authorization, commitment, or provision of anything of value (e.g., cash, travel, gifts, scholarships for family members, etc.), either directly or indirectly to a Government Official (defined below) or to an officer, director, employee, agent, representative, or consultant of a commercial entity or a private party, in an attempt to induce the recipient:
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Corrupt Payment means: (a) the direct or indirect payment, promise, offer or authorization of anything of value to any government official to induce him or her to violate a lawful duty or improperly help the Customer and/or Allevi to obtain or retain business; (b) the direct or indirect payment, promise, offer or authorization of any illegal contributions relating to political activity in order to help the Customer and/or Allevi obtain or retain business; and (c) the payment, promise, offer or authorization of anything of value to any director, officer, employee or representative of any customer or supplier, to encourage the recipient to violate any lawful duty he or she owes to his or heremployer.
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Examples of Corrupt Payment in a sentence

  • The Awardee shall also comply with the EST Corrupt Payment and Gifts Policy and the EST Code of Conduct at Appendices A and B respectively.

  • Vendor further represents and warrants that, since the beginning of the contractual relations with PNWH2, it has not taken, and undertakes that it will not take, any action or make any payment in violation of, or which might cause Vendor or PNWH2 to be in violation of, the Corrupt Payment Laws.

Related to Corrupt Payment

  • Corrupt practices means the offering, giving, receiving or soliciting of anything of value to influence the action of a Government official in procurement process or in contract execution: and

  • corrupt practice means the offering, giving, receiving, or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution.

  • Corrupt Act means any offence in respect of corruption or corrupt activities contemplated in the Prevention and Combating of Corrupt Activities Act No. 12 of 2004;

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of 1977, as amended.

  • Kickback, as used in this clause, means any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind which is provided to any prime Contractor, prime Contractor employee, subcontractor, or subcontractor employee for the purpose of improperly obtaining or rewarding favorable treatment in connection with a prime contract or in connection with a subcontract relating to a prime contract.