INTERESTED TRUSTEES Sample Clauses

INTERESTED TRUSTEES. 16.1 The Trustees shall not be employed in the service of or hold any office in or become a director of the Company. 16.2 A Trustee who in any way, whether directly or indirectly has a material interest in any contract or proposed contract or arrangement or dealing with the Trust (other than as a Consumer or as a member, officer, or employee of any firm, company or organisation that is a Consumer) shall disclose the nature of that interest at a meeting of the Trustees and such disclosure shall be recorded in the minutes of the meeting. 16.3 A Trustee required to disclose an interest by Clause 16.2 may be counted in a quorum present at a meeting but shall not vote in respect of the matter in which the Trustee is interested (and if the Trustee does so the vote shall not be counted) provided that the Trustee may be expressly permitted to vote by a unanimous vote of the other Trustees present given after the disclosure of the interest. 16.4 If any question shall arise at any meeting as to the materiality of a Trustee's interest or as to the entitlement of any Trustee to vote and such question is not resolved by the Trustee voluntarily agreeing to abstain from voting, such question shall be referred to the Chairperson of the meeting and his or her ruling in relation to any such Trustee shall be final and conclusive except in a case where the nature or extent of the interests of the Trustee concerned have not been fairly disclosed.

INTERESTED TRUSTEES. 16.1 The Trustees shall not be employed in the service of or hold any office in or become a director of the Company. 16.2 A Trustee who in any way, whether directly or indirectly has a material interest in any contract or proposed contract or arrangement or dealing with the Trust (other than as a Consumer or as a member, officer, or employee of any firm, company or organisation that is a Consumer) shall disclose the nature of that interest at a meeting of the Trustees and such disclosure shall be recorded in the minutes of the meeting.

INTERESTED TRUSTEES. 14.1 A Trustee who in any way, whether directly or indirectly has a material interest in any contract or proposed contract or arrangement or dealing with the Trust shall disclose the nature of that interest at a meeting of the Trustees and such disclosure shall be recorded in the minutes of the meeting. 14.2 A Trustee who has been required to disclose an interest pursuant to Clause 14.1 may be counted in a quorum present at a meeting but shall not vote in respect of the matter in which the Trustee is interested. 14.3 If any question shall arise at any meeting as to the materiality of a Trustee’s interest or as to the entitlement of any Trustee to vote and such question is not resolved by the Trustee voluntarily agreeing to abstain from voting such question shall be referred to the Chairperson of the meeting and his or her ruling in relation to any such Trustee shall be final and conclusive except in a case where in the opinion of the Chairperson the nature and extent of the interests of the Trustee concerned have not been fairly disclosed.

INTERESTED TRUSTEES. 10.1 A Board member who directly or indirectly has an interest in any proposed contract, arrangement or dealing with the Board must disclose the nature of that interest at a meeting of the Board and that disclosure must be recorded in the minutes of that meeting. 10.2 A Board member required to disclose an interest may be counted in a quorum but must not vote in respect of the matter in which the Board member is interested provided that the Board member may be expressly permitted to vote by a unanimous vote of the other Board members present, given after the disclosure of the interest. 10.3 If any question arises at any meeting as to the materiality of a Board member’s interest or as to the entitlement of any Board member to vote and any such question is not resolved by the Board member voluntarily agreeing to abstain from voting, the question must be referred to the chairperson and his or her ruling in relation to any such Board member will be final. 10.4 Subject to clause 10.2, any Board member who is directly or indirectly employed by the Board to provide specific services will be entitled to charge all usual and proper reasonable fees at the accepted market rate for such professional and other services performed on behalf of the Board.

INTERESTED TRUSTEES. 14.1 A Trustee who in any way, whether directly or indirectly, has a material interest in any contract or proposed contract or arrangement or dealing with the Trust (other than as a Consumer or as a member, officer, or employee of any firm, company or organisation that is a Consumer) shall disclose the nature of that interest at a meeting of the Trustees and such disclosure shall be recorded in the minutes of the meeting. 14.2 A Trustee required to disclose an interest by Rule 14.1 may be counted in a quorum present at a meeting but shall not vote in respect of the matter in which the Trustee is interested (and if the Trustee does so vote the vote shall not be counted) provided that the Trustee may be expressly permitted to vote by x 14.3 If any question shall arise at any meeting as to the materiality of a Trustee's interest or as to the entitlement of any Trustee to vote and such question is not resolved by the Trustee voluntarily agreeing to abstain from voting, such question shall be referred to the Chairperson of the meeting and the Chairperson's ruling in relation to any such Trustee shall be final and conclusive except in a case where the nature or extent of the interest of the Trustee concerned has not been fairly disclosed.

INTERESTED TRUSTEES