Common use of Conflict of Interest Provision Clause in Contracts

Conflict of Interest Provision. Contractor and its subcontractor(s) may engage in business activities other than those described directly below, as long as these activities do not create a conflict of interest with the performance of the Contract Scope of Work. Contractor also affirms that it, its applicable employees and subcontractor(s) shall promptly and fully inform VEIC in writing of any business activities and/or relationships which any person, fully acquainted with the circumstances, might reasonably conclude could unfairly disadvantage another party, and agree that they shall abide by VEIC’s or the Commission’s reasonable determination as to whether such activities or relationships are prohibited by the terms of this Paragraph. Contractor affirms that neither it, nor any of its applicable personnel or subcontractor(s), have or presently expect any beneficial, contractual or business relationship with the Fiscal Agent that will be directly affected by the Contractor’s performance of the Contract Scope of Work. Contractor further affirms that it and its applicable personnel and subcontractor(s) shall not develop, pursue, or confirm any such beneficial, contractual, or business relationships with the Fiscal Agent throughout the term of this Contract, and for six (6) months thereafter. The Contractor may perform work for distribution utilities, the DPS, or other parties that appear in proceedings before the Commission as long as such work does not create a conflict of interest with the Order of Appointment and is in compliance with the terms of Paragraph 33 of this Contract. The Contractor shall disclose in writing to VEIC, on an on-going basis throughout the term of this Contract any contracts it enters into with any distribution utilities, the DPS, or other entities that appear in proceedings before the Commission.

Conflict of Interest Provision. Contractor and its subcontractor(s) may engage in business activities other than those described directly below, as long as these activities do not create a conflict of interest with the performance of the Contract Scope of Work. Contractor also affirms that it, its applicable employees and subcontractor(s) shall promptly and fully inform VEIC in writing of any business activities and/or relationships which any person, fully acquainted with the circumstances, might reasonably conclude could unfairly disadvantage another party, and agree that they shall abide by VEIC’s or the CommissionBoard’s reasonable determination as to whether such activities or relationships are prohibited by the terms of this Paragraph. Contractor affirms that neither it, nor any of its applicable personnel or subcontractor(s), have or presently expect any beneficial, contractual or business relationship with the Fiscal Agent that will be directly affected by the Contractor’s performance of the Contract Scope of Work. Contractor further affirms that it and its applicable personnel and subcontractor(s) shall not develop, pursue, or confirm any such beneficial, contractual, or business relationships with the Fiscal Agent throughout the term of this Contract, and for six (6) months thereafter. The Contractor may perform work for distribution utilities, the DPS, or other parties that appear in proceedings before the Commission Board as long as such work does not create a conflict of interest with the Order of Appointment and is in compliance with the terms of Paragraph 33 of this Contract. The Contractor shall disclose in writing to VEIC, on an on-going basis throughout the term of this Contract any contracts it enters into with any distribution utilities, the DPS, or other entities that appear in proceedings before the CommissionBoard.

Conflict of Interest Provision. Contractor and its subcontractor(s) may engage in business activities other than those described directly below, as long as these activities do not create a conflict of interest with the performance of the Contract Scope of Work. Contractor also affirms that it, its applicable employees and subcontractor(s) shall promptly and fully inform VEIC in writing of any business activities and/or relationships which any person, fully acquainted with the circumstances, might reasonably conclude could unfairly disadvantage another party, and agree that they shall abide by VEIC’s or the Commission’s reasonable determination as to whether such activities or relationships are prohibited by the terms of this Paragraph. Contractor affirms that neither it, nor any of its applicable personnel or subcontractor(s), have or presently expect any beneficial, contractual or business relationship with the Fiscal Agent that will be directly affected by the Contractor’s performance of the Contract Scope of Work. Contractor further affirms that it and its applicable personnel and subcontractor(s) shall not develop, pursue, or confirm any such beneficial, contractual, or business relationships with the Fiscal Agent throughout the term of this Contract, and for six (6) months thereafter. SAMPLE The Contractor may perform work for distribution utilities, the DPS, or other parties that appear in proceedings before the Commission as long as such work does not create a conflict of interest with the Order of Appointment and is in compliance with the terms of Paragraph 33 of this Contract. The Contractor shall disclose in writing to VEIC, on an on-going basis throughout the term of this Contract any contracts it enters into with any distribution utilities, the DPS, or other entities that appear in proceedings before the Commission.