Common use of Integrity Commitment Clause in Contracts

Integrity Commitment. The Borrower warrants and undertakes that it has not committed, and no person to its present knowledge has committed, any of the following acts and that it will not commit, and no person, with its consent or prior knowledge, will commit any such act, that is to say: (i) the offering, giving, receiving or soliciting of any improper advantage to influence the action of any person holding a public office or function or a director or employee of a public authority or public enterprise or a director or official of a public international organisation in connection with any procurement process or in the execution of any contract in connection with those elements of the Project; or (ii) any act which improperly influences or aims improperly to influence the procurement process or the implementation of the Project to the detriment of the Borrower, including collusion between tenderers. For this purpose, the knowledge of any Minister of the Borrower, any State Secretary of the Borrower, any Assistant Minister of the Borrower, any Advisor to a Minister of the Borrower, the manager or any staff member of the PIU shall be deemed the knowledge of the Borrower. The Borrower undertakes to inform the Bank if it should become aware of any fact or information suggestive of the commission of any such act.

Appears in 1 contract

Sources: Finance Contract

Integrity Commitment. The Borrower warrants and undertakes for the benefit of the Bank that it has not committed, and no person to its present knowledge has committed, any of the following acts and that it will not commit, and no person, with its consent or prior knowledge, will commit any such act, that is to say: (i) the offering, giving, receiving or soliciting of any improper advantage to influence the action of any a person holding a public office or function or a director or employee of a public authority or public enterprise or a director or official of a public international organisation in connection with any procurement process or in the execution of any contract in connection with those elements of the Project; or (ii) any act which improperly influences or aims improperly to influence the procurement process or the implementation of the Project to the detriment of the Borrower, including collusion between tenderers. For this purpose, the knowledge of the President or any Minister Member of the Management Board of the Borrower, any State Secretary of the Borrower, head of any Assistant Minister of its departments or of the Borrowerofficer, any Advisor to a Minister of the Borrower, the Project manager or of any staff member of the PIU staff shall be deemed the knowledge of the Borrower. The Borrower undertakes to inform the Bank if it should become aware of any fact or information suggestive of the commission of any such act.

Appears in 1 contract

Sources: Ugovor O Jamstvu