Common use of Prohibition of Financial Interest in Enterprise Clause in Contracts

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.

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 who is not a Member of Band Government or Relative of a Member of the Band Government to purchase or hold stock in Manager Lakes where (i) such stock is publicly held and (ii) the Band member acquires less than 5% of the outstanding stock in the corporation.