Prohibition of Financial Interest in Enterprise Sample Clauses

Prohibition of Financial Interest in Enterprise. No Member of the Band Government or Relative of a Member of the Band Government shall have a direct or indirect financial interest in the Enterprise greater than the interest of any other member of the Band; provided, however, nothing in this subsection shall restrict the ability of a Band member to purchase or hold stock in Manager where (i) such stock is publicly held and (ii) the Band member acquires less than 5% of the outstanding stock in the corporation.
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Prohibition of Financial Interest in Enterprise. No Member of the Tribal Government or relative of a Member of the Tribal Government shall have a direct or indirect financial interest in the Enterprise greater than the interest of any other member of the Tribe. No Member of the Tribal Government or relative of a Member of the Tribal Government shall have a direct or indirect financial interest in Manager or Manager's Affiliates.
Sample 1
Prohibition of Financial Interest in Enterprise. No Member of MBPI Government or relative of a member of MBPI government shall have a direct or indirect financial interest in the Enterprise greater than the interest of any other member of MBPI. No Member of MBPI Government shall have a direct or indirect financial interest in this Agreement or in MPM; provided, however, nothing in this subsection shall restrict the ability of a MBPI member other than a Member of MBPI Government to purchase or hold stock in MPM, or MPM’s Affiliates where (i) such stock is publicly held, and (ii) MBPI member acquires less than 5% of the outstanding stock in the corporation, provided that if a MBPI member shall acquire more than 5% such person shall comply with all applicable law.
Sample 1Sample 2
Prohibition of Financial Interest in Enterprise. No Member of SHINGLE SPRINGS Government or relative of a Member of SHINGLE SPRINGS Government shall have a direct or indirect financial interest in the Enterprise greater than the interest of any other member of SHINGLE SPRINGS; provided, however, nothing in this subsection shall restrict the ability of a SHINGLE SPRINGS member to purchase or hold stock in KAR, or KAR's Affiliates where (i) such stock is publicly held, and (ii) SHINGLE SPRINGS member acquires less than 5% of the outstanding stock in the corporation, provided that if a SHINGLE SPRINGS member shall acquire more than 5% such person shall comply with all applicable law.
Sample 1
Prohibition of Financial Interest in Enterprise. No Member of the Tribal Council or relative of a Member of the Tribal Council shall have a direct or indirect financial interest in the Enterprise greater than the interest of any other member of the Tribe; provided, however, nothing in this subsection shall restrict the ability of a Tribal member to purchase or hold stock in Manager, or Manager's Affiliates where (i) such stock is publicly held, and (ii) the Tribal member acquires less than five percent (5%) of the outstanding stock in the corporation, provided that if a Tribal member shall acquire more than five percent (5%) such person shall comply with all applicable law.
Sample 1
Prohibition of Financial Interest in Enterprise. No Member of the Tribal Government or relative of a Member of the Tribal Government shall have a direct or indirect financial interest in the Enterprise greater than the interest of any other member of the Tribe, and no Member of the Tribal Government or relative of a Member of the Tribal Government shall purchase or hold an interest or stock in Manager, or Manager's Affiliates; provided, however, nothing in this subsection shall restrict the ability of a Tribal Member who is not a Member of the Tribal Government or a relative of a Member of the Tribal Government to purchase or hold stock in Manager, or Manager's Affiliates where (i) such stock is publicly held, and (ii) the Tribal Member acquires less than five percent (5%) of the outstanding stock in the corporation, provided that if a Tribal Member shall acquire more than five percent (5%) such person shall comply with all applicable law.
Sample 1

Related to Prohibition of Financial Interest in Enterprise

  • Admission of the Corporation into a Consolidated Group; Transfers of Corporate Assets (a) If the Corporation is or becomes a member of an affiliated or consolidated group of corporations that files a consolidated income Tax Return pursuant to Section 1501 or other applicable Sections of the Code governing affiliated or consolidated groups, or any corresponding provisions of U.S. state or local law, then: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments, Early Termination Payments, and other applicable items hereunder shall be computed with reference to the consolidated taxable income of the group as a whole.

  • Admission of the Corporate Taxpayer into a Consolidated Group; Transfers of Corporate Assets (a) If the Corporate Taxpayer is or becomes a member of an affiliated or consolidated group of corporations that files a consolidated income tax return pursuant to Sections 1501 et seq. of the Code or any corresponding provisions of state or local law, then: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments, Early Termination Payments and other applicable items hereunder shall be computed with reference to the consolidated taxable income of the group as a whole.

  • Transfer of Beneficial Interests to Another Restricted Global Note A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the following:

  • Sale or Transfer of Assets; Suspension of Business Operations The Borrower will not sell, lease, assign, transfer or otherwise dispose of (i) the stock of any Subsidiary, (ii) all or a substantial part of its assets, or (iii) any Collateral or any interest therein (whether in one transaction or in a series of transactions) to any other Person other than the sale of Inventory in the ordinary course of business and will not liquidate, dissolve or suspend business operations. The Borrower will not transfer any part of its ownership interest in any Intellectual Property Rights and will not permit any agreement under which it has licensed Licensed Intellectual Property to lapse, except that the Borrower may transfer such rights or permit such agreements to lapse if it shall have reasonably determined that the applicable Intellectual Property Rights are no longer useful in its business. If the Borrower transfers any Intellectual Property Rights for value, the Borrower will pay over the proceeds to the Lender for application to the Obligations. The Borrower will not license any other Person to use any of the Borrower’s Intellectual Property Rights, except that the Borrower may grant licenses in the ordinary course of its business in connection with sales of Inventory or provision of services to its customers.

  • Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Note A Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Registrar, together with:

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