PROHIBITED CONFLICTS OF INTEREST Sample Clauses

PROHIBITED CONFLICTS OF INTEREST. (All vendors must complete regardless of annual bid, offer, or contract value) (Subcontractors with subcontract annual value of more than $50,000 must complete) Step 4 must be completed for each person disclosed in Step 2, Option A and for sole proprietors identified in Step 1, Option 6 above. Please provide the name of the person for which responses are provided:
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PROHIBITED CONFLICTS OF INTEREST. The Grantee and any entity or person directly or indirectly controlled by, under common control with, or controlling the Grantee will not acquire any interest, direct or indirect, which would conflict in any manner or disagree with the performance of its services hereunder. The Grantee further covenants that in the performance of the Agreement no person having any such known interest shall be employed. No official or employee of the State and no other public official of the State of Oklahoma or the federal government who exercises any functions or responsibilities in the review or approval of the undertaking or carrying out of the project shall prior to the completion of the project, voluntarily acquire any personal interest direct or indirect, in this Agreement or proposed Agreement.
Sample 1
PROHIBITED CONFLICTS OF INTEREST. 10.0.1 Neither the Contractor nor any of its contractors or their subcontractors shall enter into any contract, subcontract, or arrangement in connection with the Project, in which any member, officer, or employee of the Contractor or the locality during his tenure or for one year thereafter has any interest, direct or indirect. If any such present or former member, officer, or employee involuntarily acquires or had acquired prior to the beginning of their tenure any such interest, and if such interest is immediately disclosed to the Contractor, the Contractor, with prior approval of the CTC, may waive the prohibition contained in this subsection, provided that any such present member, officer, or employee shall not participate in any action by the Contractor or the CTC relating to such contract, subcontract, or arrangement connected to the Project. The Contractor shall insert in all contracts entered into in connection with the Project or any property included and planned to be included in any Project, and shall require its contractors to insert in each of their subcontracts, the following provision: No member, officer, or employee of the Contractor or of the CTC during their tenure or for one year thereafter shall have any interest, direct or indirect, in this contract or the proceeds thereof." The provisions of the subsection shall not be applicable to any agreement between the Contractor and its fiscal depositories, or to any agreement for utility services the rates for which are fixed or controlled by a governmental agency.
Sample 1

Related to PROHIBITED CONFLICTS OF INTEREST

  • Conflicts of Interest The Parties confirm that they have not offered, given, or accepted, nor intend to give at any time hereafter any economic opportunity, future employment, gift, loan, gratuity, special discount, trip, favor, service to the other in connection with this Agreement. Vendor affirms that, to the best of Vendor’s knowledge, this Agreement has been arrived at independently, and is awarded without collusion with anyone to obtain information or gain any favoritism that would in any way limit competition or give an unfair advantage over other vendors in the award of this Agreement. Vendor agrees that it has disclosed any necessary affiliations with Region 8 Education Service Center and the TIPS Department, if any, through the Conflict of Interest attachment provided in the solicitation resulting in this Agreement.

  • Organizational Conflicts of Interest (a) The Contractor warrants that to the best of its knowledge and belief and except as otherwise disclosed, it does not have any organizational conflict of interest which is defined as a situation in which the nature of work under this contract and a contractor's organizational, financial, contractual or other interests are such that:

  • COMPLIANCE OF LAWS RELATING TO REMITTANCES 3.1 The Allottee, if resident outside India, shall be solely responsible for complying with the necessary formalities as laid down in Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendment(s) modification(s) made thereof and all other applicable laws including that of remittance of payment acquisition/sale/transfer of immovable properties in India etc. and provide the Promoter with such permission, approvals which would enable the Promoter to fulfil its obligations under this Agreement. Any refund, transfer of security, if provided in terms of the Agreement shall be made in accordance with the provisions of Foreign Exchange Management Act, 1999 or the statutory enactments or amendments thereof and the Rules and Regulations of the Reserve Bank of India or any other applicable law. The Allottee understands and agrees that in the event of any failure on his/her part to comply with the applicable guidelines issued by the Reserve Bank of India; he/she may be liable for any action under the Foreign Exchange Management Act, 1999 or other laws as applicable, as amended from time to time.

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