Conflict of Interest Transaction definition

Conflict of Interest Transaction means (i) a purchase or sale of securities between the Company and the Managing Member or its Affiliates; (ii) an investment by the Company in an entity in which the Managing Member or its Affiliates own an equity interest, and (iii) an investment by the Managing Member or its Affiliates in an entity in which the Company or an Affiliate have an interest, other than entities which are registered with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended.

Conflict of Interest Transaction means the sale or purchase of merchandise or other goods or supplies or the provision of services by any Credit Party to or from an Affiliate of any Credit Party (other than another Credit Party) or the payment by any Credit Party of fees or salaries to an Affiliate of any Credit Party (other than another Credit Party).

Conflict of Interest Transaction means a transaction to which the Company is a party and in which a Member has a direct or indirect interest. For purposes of this Section 10.1(a), a Member has an indirect interest in a transaction if, but not only if, another Person in which a Member has a material financial interest or in which a Member is an officer, director, member, manager, general partner or trustee is a party to the transaction. A Conflict of Interest Transaction is not voidable by the Company solely because a Member had a direct or indirect interest therein, if any one (1) of the following is true:

Examples of Conflict of Interest Transaction in a sentence

• The basis for imposing liability on a Director interested in the Conflict of Interest Transaction.

• Disclosed or known to the Members, and a majority of votes cast by Members not voting under the control of a Director or entity interested in the Conflict of Interest Transaction approves the Conflict of Interest Transaction.

• A Conflict of Interest Transaction that is approved pursuant to this Bylaw, or that is fair to the Cooperative when entered or approved pursuant to this Bylaw, is not, solely by reason of being a Conflict of Interest Transaction: (1) void or voidable; or (2) the basis for imposing liability on a Director interested in the Conflict of Interest Transaction.

• A Conflict of Interest Transaction is a transaction with the Cooperative in which a Director has a direct or indirect interest (“Conflict of Interest Transaction”).

• To test the predictions discussed above, we also replace ∆bijt with other dependent variables, such as dummy variables for whether the credit relationship is severed and for whether the loan is classified as non-performing by the bank, and the interest rate charged on the loan.

More Definitions of Conflict of Interest Transaction

Conflict of Interest Transaction has the meaning set forth in Section 9.1(b).

Conflict of Interest Transaction means a transaction, agreement or other arrangement between the Corporation and any other corporation, firm, association or other entity (other than an Affiliate of the Corporation) in which a director or officer of the Corporation is a director or officer or has a Substantial Financial Interest.

Conflict of Interest Transaction means any transaction in which a director has a direct interest or an indirect interest. A director has a direct interest in a transaction if the director or a member of the director’s immediate family has either a material financial interest in the transaction or a relationship with the other parties to the transaction that might reasonably be expected to affect his or her judgment. A director has an indirect interest in a transaction if either (a) another entity in which the director has a material financial interest or in which the director is a general partner is a party to the transaction, or (b) another entity of which the director is also a director or is an officer or trustee is a party to the transaction and the transaction is of sufficient importance that it should be considered by the Board.

Conflict of Interest Transaction means any proposed transaction between the Company or any subsidiary thereof and any Affiliate thereof other than the Investor, except for any proposed transaction that is subject to the approval rights of Recall under Section 3 and any proposed transaction between the Company and any of its officers or employees with respect to their employment by the Company.

Conflict of Interest Transaction means a contract, transaction, or other financial relationship between the Association and a Director, or between the Association and a party related to the Director, or between the Association and an entity in which a Director of the Association is a director or officer or has a financial interest. Director means a member of the Association’s Board of Directors. Party related to a Director means a spouse, a descendant, an ancestor, a sibling, the spouse or descendant of a sibling, an estate or trust in which the Director or a party related to a Director has a beneficial interest, or an entity in which a party related to a Director is a director or officer or has a financial interest.

Conflict of Interest Transaction means a material transaction, agreement or other arrangement between the Corporation and any other corporation, firm, association or other entity, other than an Affiliate of the Corporation, in which a director, officer, or Key Employee of the Corporation

Conflict of Interest Transaction shall have the meaning set forth in Section 4.5.