Common use of Disclosure of External Advisors Clause in Contracts

Disclosure of External Advisors. In order for NGen to ensure a fair, open and impartial assessment of the Application, including by preventing conflicts of interest during the Assessment Phase, Applicants will promptly notify NGen if, at any time during the Application Process, any of its External Advisors working on/with the Application and/or the Project: (a) is a current or former (in the last twelve (12) months) public office holder or public servant in the federal, or a provincial or territorial government; and/or (b) will directly or indirectly benefit (financially or otherwise) from the preparation and/or the submission of the Application and/or NGen’s funding of the Project. Any notice required under this Subsection 4.2 will include the name(s) and business address of the External Advisor involved, and the name(s) and business address(es) of any individuals and entity(ies) associated and/or affiliated therewith. The Applicants understand and agree that NGen may take any action(s) it deems necessary to prevent an actual or potential conflict of interest in the Application Process, including (i) barring an External Advisor from directly or indirectly assisting with the Application and/or the Project, and (ii) rejecting the Application pursuant to Subsection 3.1.4 (a) i. above if, in NGen’s reasonable opinion, the conflict of interest (whether potential or actual) in respect of the Application cannot be remedied.