Conflict Circumstance Clause Samples

A Conflict Circumstance clause defines situations where a conflict of interest may arise for a party, typically in professional or contractual relationships. It outlines specific scenarios or relationships that could compromise impartiality or objectivity, such as personal, financial, or business connections with another party involved in the agreement. By clearly identifying what constitutes a conflict, this clause helps prevent disputes and ensures transparency, allowing parties to address potential issues before they affect the integrity of the agreement.
Conflict Circumstance. Any transaction or dealing between the Partnership (or any Wholly Owned Subsidiary) and a Designating Partner (the “Conflicted Designating Partner”) or any of its Affiliates pursuant to any agreement (including this Agreement or any other Related Agreements) or otherwise, including action to be taken by the Partnership pursuant to Section 9.3(c) or (d) or 13.3(b); provided, however, that a Conflict Circumstance shall cease to exist if and when the third party with which the transaction or dealing exists shall cease to be an Affiliate of a Designating Partner. Conflicted Designating Partner. As defined in the definition of “Conflict Circumstance.” Contributed Business. As defined in each of the Contribution Agreements. Contributing Partner. See Section 2.4.
View SourceView Similar (5)
Conflict Circumstance. See Section 5.7.
View SourceView Similar (4)
Conflict Circumstance. Any transaction or dealing between the --------------------- Partnership (or any Wholly Owned Subsidiary) and a General Partner (the "Conflicted General Partner") or any of its Affiliates pursuant to any agreement (including this Agreement or any other Related Agreements) or otherwise, including action to be taken by the Partnership pursuant to Section 9.3(c) or -------------- (d) or 13.3(b); provided, however, that a Conflict Circumstance shall cease to --- ------- exist if and when the third party with which the transaction or dealing exists shall cease to be an Affiliate of a General Partner. Conflicted General Partner. As defined in the definition of "Conflict -------------------------- Circumstance."
View SourceView Similar (3)

Related to Conflict Circumstance

  • Conflict Waiver The Pledgor hereby acknowledges that the Escrow Agent is general counsel to the Pledgee, a partner in the general partner of the Pledgee, and counsel to the Pledgee in connection with the transactions contemplated and referred herein. The Pledgor agrees that in the event of any dispute arising in connection with this Agreement or otherwise in connection with any transaction or agreement contemplated and referred herein, the Escrow Agent shall be permitted to continue to represent the Pledgee and the Pledgor will not seek to disqualify such counsel and waives any objection Pledgor might have with respect to the Escrow Agent acting as the Escrow Agent pursuant to this Agreement.

  • Conflict Between Documents This Note and, unless otherwise provided in any other Loan Document, the other Loan Documents shall be governed by and construed under the laws of the state named in Bank's address on the first page hereof without regard to that state's conflict of laws principles. If the terms of this Note should conflict with the terms of any loan agreement or any commitment letter that survives closing, the terms of this Note shall control.

  • Conflict in Provisions To the extent that any provisions of this Article VIII shall conflict with the provisions of Articles IV, V and/or VII, the provisions of this Article VIII shall govern.

  • Conflict with LOC Documents In the event of any conflict between this Credit Agreement and any LOC Document (including any letter of credit application), this Credit Agreement shall control.

  • Conflict of Law In the event that any of the terms or conditions of this Agreement are contrary to or unenforceable by reason of any law or governmental decision, ruling or regulation, such terms or conditions shall be deemed to be severed from this Agreement, and the illegality or unenforceability thereof shall not in any manner affect or impair any other terms or conditions of this Agreement.