Prohibited Practices definition

Prohibited Practices means the prohibited practices set forth in paragraph 4 of the Policy on Prohibited Practices;

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Prohibited Practices means collectively the following terms, “Corruption” or “Corrupt Practice” ,“Coercion” or “Coercive Practice”, “Collusion” or “Collusive Practice”, “Fraud” or “Fraudulent practice”, “Obstructive Practice”, “Abuse”, “Money Laundering”, “Retaliation against Whistleblowers or Witnesses” and “Financing of Terrorism” or “Terrorism Financing”, as such terms are defined in the Policy on Prohibited Practice;

Prohibited Practices as defined in paragraph 4 below, including attempts to commit or suspicions thereof. For the avoidance of doubt, Fund-related Activities include Funded Activities as defined in the Agreement, and Counterparties include the Accredited Entity and any Executing Entity.

Examples of Prohibited Practices in a sentence

• In that regard, it expects all individuals and entities involved in Fund-related Activities (as defined below) to observe the highest standards of ethics and to take appropriate measures to prevent and combat such Prohibited Practices.

• The Contractor shall investigate the actual or suspected engagement in, or allegations of Prohibited Practices and report preliminary and final findings of investigations to the Fund.

• The Fund, the Contractor and the Contractor-Related Persons shall observe the highest standards of ethics during the entire term of the Contract and shall refrain from engaging in any Prohibited Practices.

• The Green Climate Fund (“Fund”) is strongly committed to preventing and combating fraud, corruption, Money Laundering, Terrorist Financing and other Prohibited Practices (as defined below), in accordance with international standards.

• The Borrower agrees to include, or to cause the Executing Agency, as the case may be, to include in the model bidding documents, contracts, and instruments used in electronic or information systems (in physical or electronic media) measures to ensure the application of the provisions set forth in Section I of the Procurement Policies and Consultant Policies, including the provisions on Prohibited Practices.

More Definitions of Prohibited Practices

Prohibited Practices means coercive practices, collusive practices, corrupt practices and fraudulent practices defined in the Bank's Enforcement Policy and Procedures. These are currently published by the Bank at the following website: http://www.ebrd.com/downloads/integrity/epp.pdf.

Prohibited Practices means collectively the following terms and each term shall have the meaning ascribed herein: “corrupt practice” is the offering, giving, receiving, or soliciting, directly or indirectly, anything of value to influence improperly the actions of another party; “fraudulent practice” is any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; “coercive practice” is impairing or harming, or threatening to impair or harm, directly or indirectly, any party or the property of the party to influence improperly the actions of a party; “collusive practice” is an arrangement between two or more parties designed to achieve an improper purpose, including influencing improperly the actions of another party; An “obstructive practice” includes deliberately destroying, falsifying, altering, or concealing evidence material to an investigation; making false statements to investigators in order to materially impede an investigation; threatening, harassing, or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the investigation or from pursuing the investigation; or materially impeding the Fund’s contractual rights of audit or access to information; and An “abuse” is theft, misappropriation, waste or improper use of property or assets related to the Fund-financed activities, either committed intentionally or through reckless disregard.

Prohibited Practices means the act(s) defined in Article 6.03 of these General Conditions.

Prohibited Practices mean the practices prohibited by the Bank in connection with the activities it finances, as defined by the Board or that are defined in the future and communicated to the Borrower, including coercive practice, collusive practice, corrupt practice, fraudulent practice, and obstructive practice.

Prohibited Practices has the meaning as defined in the Enforcement Policy and Procedures.

Prohibited Practices means collectively the following terms and each term shall have the meaning ascribed herein:

Prohibited Practices means coercive practices, collusive practices, corrupt practices and fraudulent practices defined in the Bank’s Enforcement Policy and Procedures or any replacement for such policy and procedures published on the Bank's website from time to time. These are currently published by the Bank at the following site: http://www.ebrd.com/downloads/integrity/epp.pdf.