Conflict of Interest Transactions. No past or present shareholder, director, officer or employee of the Company or any of their affiliates (i) is indebted to, or has any financial, business or contractual relationship or arrangement with, the Company, other than as disclosed in Section 1.2(b) of this Agreement, or (ii) has any direct or indirect interest in any property, asset or right which is owned or used by the Company.
Conflict of Interest Transactions. Except as otherwise specifically contemplated by this Agreement or approved by the LP Advisory Committee or a Majority-In-Interest of the Limited Partners, the General Partner shall not cause the Partnership to do any of the following:
(i) Enter into any transaction with a GP Related Person, other than any transactions specifically contemplated by this Agreement or pursuant to which a GP Related Person acquires a Limited Partner interest in the Partnership or otherwise exercises any of its rights as a Partner. The General Partner shall provide the LP Advisory Committee with notice at its next regularly scheduled meeting of any transactions made pursuant to the exception provided for in this Section 6.4(a)(i).
(ii) Enter into any transaction with a Limited Partner other than on terms determined by the General Partner in good faith to be no less favorable to the Partnership than are generally afforded to unrelated third parties in comparable transactions. The foregoing will not apply to any transactions pursuant to which a GP Related Person acquires a Limited Partner interest in the Partnership or otherwise exercises any of its rights as a Partner. For the avoidance of doubt, the terms of any transaction approved by the LP Advisory Committee will be deemed approved on behalf of all Limited Partners as being on an arm’s-length basis and will not constitute a breach of this Agreement or any other agreement contemplated herein or of any duty or obligation of the General Partner at law, in equity, or otherwise.
Conflict of Interest Transactions. Under Danish law, board members may not take part in any matter or decision-making that involves a subject or transaction in relation to which the board member has a conflict of interest with us.
Conflict of Interest Transactions. Anything in this Agreement to the contrary notwithstanding, no Member shall be prohibited from dealing, on commercially reasonable terms, with any person or entity deemed to be an Affiliate of any Member.
Conflict of Interest Transactions. During the past three years, no Conflict of Interest Transaction has occurred or has been agreed to by a Credit Party, except as set forth on Schedule 3.27.
Conflict of Interest Transactions. Enter into any Conflict of Interest Transaction, except for (a) payment by the Borrower of fees or salaries in the ordinary course of business to employees, (b) for customary indemnities and reasonable expense reimbursement provided to officers of the Borrower, (c) transactions otherwise in the ordinary course of and pursuant to the reasonable requirements of Borrower’s or such Subsidiary’s business (including, but not limited to (i) the transfer of assets among the Borrower, (ii) the exercise of warrants and options to acquire capital stock of Borrower outstanding on the date of this Agreement, and (iii) the award of stock-based compensation in accordance with the Borrower’s long-term stock incentive plans).
Conflict of Interest Transactions. No past or present shareholder, director, officer or employee of ATI or any of their affiliates (i) is indebted to, or has any financial, business or contractual relationship or arrangement with ATI, or (ii) has any direct or indirect interest in any property, asset or right which is owned or used by ATI or pertains to the business of ATI.
Conflict of Interest Transactions. Except as set forth on Schedule 4.12, no principal officer or director of First Community or the Wholly Owned Bank, or holder of 10% or more of First Community Common Stock or any member of the immediate family or a related interest (as such terms are defined in 12 C.F.R. §215.2(m)) of such person: (a) has any direct or indirect ownership interest in (i) any entity which does business with, or is a competitor of, First Community or the Wholly Owned Bank (other than ownership interests in the Minority Bank and its affiliates or the ownership of not more than 1% of the outstanding capital stock of such entity if such stock is listed on a national securities exchange or market or is regularly traded in the over-the-counter market by a member of a national securities exchange or market) or (ii) any property or asset which is owned or used by First Community or the Wholly Owned Bank in the conduct of their respective businesses; (b) has any financial, business or contractual relationship or arrangement with First Community or the Wholly Owned Bank, excluding any agreements and commitments entered into in respect of the Wholly Owned Bank’s acceptance of deposits and investments or the making of any loans, in each case in the Ordinary Course of Business of the Wholly Owned Bank.
Conflict of Interest Transactions. Except as set forth on Schedule 3.12, no principal officer or director of the Minority Bank, or holder of 10% or more of the Minority Bank Common Stock or any member of the immediate family or a related interest (as such terms are defined in 12 C.F.R. §215.2(m)) of such person: (a) has any direct or indirect ownership interest in (i) any entity which does business with, or is a competitor of, the Minority Bank (other than ownership interests in First Community and any of its affiliates or the ownership of not more than 1% of the outstanding capital stock of such entity if such stock is listed on a national securities exchange or market or is regularly traded in the over-the-counter market by a member of a national securities exchange or market) or (ii) any property or asset which is owned or used by the Minority Bank in the conduct of its business; (b) has any financial, business or contractual relationship or arrangement with the Minority Bank, excluding any agreements and commitments entered into in respect of the Minority Bank’s acceptance of deposits and investments or the making of any loans, in each case in the Ordinary Course of Business of the Minority Bank.
Conflict of Interest Transactions. Except for transactions expressly contemplated herein, the Company may not, directly or indirectly, engage in any contract or transaction with one or more of its Managers or Officers or with any entity in which one or more of its Managers or Officers have a financial interest unless the material facts of the transaction and the Manager’s or Officer’s interest were disclosed or known to the Board and a majority of the disinterested members of the Board authorized, approved or ratified the transaction.
