Disqualified Person Sample Clauses
The "Disqualified Person" clause defines who is considered ineligible or prohibited from participating in a particular transaction, agreement, or activity. Typically, this clause outlines specific criteria or circumstances—such as conflicts of interest, prior misconduct, or regulatory restrictions—that would render an individual or entity disqualified. For example, it may apply to individuals with certain criminal convictions or those holding particular positions within an organization. The core function of this clause is to ensure compliance with legal or ethical standards by preventing unsuitable parties from being involved, thereby reducing risk and maintaining the integrity of the arrangement.
Disqualified Person. The Investor is not a Disqualified Person.
Disqualified Person. Neither the Company nor (to the best knowledge of the Company) any stockholder of the Company is a “disqualified person” with respect to the Foundation (as the term “
Disqualified Person. Permit any Borrower or any of its Subsidiaries that directly or indirectly holds an interest in an Project for which an ITC or accelerated depreciation is included in the Borrowing Base to become a Disqualified Person, or permit any Project for which an ITC or accelerated depreciation is included in the Borrowing Base to be used within the meaning of Section 168(h) or Section 50 of the Code by a person described in Section 168(h)(2) of the Code (including by virtue of Section 168(h)(6)(F) of the Code) or Section 50(b)(3) or (4) of the Code.
Disqualified Person. No Member will become a Disqualified Person.
Disqualified Person. The Class B Member is not a Disqualified Person.
Disqualified Person. Such Party is not a Disqualified Person.
Disqualified Person. The Bloom Member is not a Disqualified Person.
Disqualified Person. Prior to the Document Closing, no Party shall become a Disqualified Person.
Disqualified Person. Purchaser is not a Disqualified Person.
Disqualified Person. Assuming Investor is not a Disqualified Person, neither Clean Technologies, the Company nor the Project Company is a Disqualified Person.