Facilitation Payment definition

Facilitation Payment means a direct or indirect payment to a Public Official to carry out or expedite the performance of a routine government action. Routine government actions include, but are not limited to, clearing customs, processing visas and scheduling inspections.

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Facilitation Payment means the payment, offer, or promise to pay, or authorization of the offer, promise or payment, directly or indirectly (through one or more intermediaries), of any money, benefit or anything of value to a Public Official, usually at a low level, for the purpose of expediting or securing a routine action ordinarily performed by such Public Official;

Facilitation Payment means any sums of unofficial payment made to secure, expedite or facilitate an ordinary governmental action, process or procedure to a Public Body.

Examples of Facilitation Payment in a sentence

• A Facilitation Payment (or “grease” payment) is an unofficial payment or anything else of value Given to Public Officials (including HCPs and other individuals employed by Public Sector Organisations) to secure or speed up routine actions that the recipient has a duty to perform.

• To the extent any such payment relates to the period from the Changeover Date to the close of the Offer, the obligation to make that payment will arise on the same date that DEXUS is obliged, under clause 3 to pay the Facilitation Payment.

• The parties consider that the Facilitation Payment is a fair reflection of the aggregate value of those services.

• For the purposes of this clause, a Facilitation Payment means a payment of money, goods or other thing of material value to any public official or other individual in a similar position of authority or influence in any country for the purpose of expediting or securing the performance of a routine service or action which the public official ordinarily performs.

• In relation to the transactions the subject of this Agreement, none of Seller nor any of its Affiliates has made, offered or authorized any payment, gift, promise or other advantage, whether directly or through any other Person, to or for the use or benefit of any Government Official or any Person where such payment, gift, promise or other advantage would (i) comprise a Facilitation Payment; and/or (ii) violate any of the Anti-Bribery and Money-Laundering Laws or any other applicable law.

More Definitions of Facilitation Payment

Facilitation Payment means a minor, often unofficial payment made to secure or expedite a routine government action by a government official or employee (but excludes a payment specifically authorised by the written domestic law of the country in which it is made).

Facilitation Payment means any payment made to encourage the recipient or a third-party to perform their existing obligations or role, or expedite a routine task they are otherwise obligated to do. These can be payments to perform routine tasks, including (a) the issuance of a permit, license or other document to qualify a person to do business; (b) the processing of official documents, such as visas and work permits; (c) the provision of services normally offered to the public, such as mail pick- up and delivery, telecommunication services and power and water supply; and (d) the provision of services normally provided as required, such as loading and unloading of cargo, the protection of perishable products or commodities from deterioration or the scheduling of inspections related to contract performance or transit of goods.

Facilitation Payment means a payment to facilitate or expedite performance of a routine governmental action which is an action which is commonly performed by a Government Official.

Facilitation Payment means a form of unofficial payment made with the purpose to secure or expedite the performance of a routine or necessary action.

Facilitation Payment means a payment or other provision made personally to an individual in control of a process or decision. It is given to secure or expedite a routine or administrative duty or function.

Facilitation Payment. – means a minor benefit, often a gift or small cash payment, made to secure, facilitate or expedite the performance by a Public Official of a routine or necessary governmental action or process.

Facilitation Payment means an occasional payment of minimal value made solely to expedite or secure the performance of a routine, non-discretionary government action such as the issuance of a permit, licence, or other government document;