Conflict Situation definition

Conflict Situation means any situation or matter (other than one which cannot reasonably be regarded as likely to give rise to a conflict of interest) in which any director has or could have a direct or indirect interest that conflicts, or possibly might conflict, with the interests of the company including (without limitation) any such situation or matter which relates to the exploitation of any property, information or opportunity (irrespective of whether the company could take advantage of the property, information or opportunity);
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Conflict Situation means a situation in which a director has, or can have, a direct or indirect interest that conflicts, or possibly may conflict, with the interests of the company (including a conflict of interest);
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Conflict Situation has the meaning given to it in clause 5.13 (Director's power to authorise conflict situations); Counterparty has the meaning given to it in clause 5.17(a) (Director's power to authorise conflict situations); Deed of Adherence means a deed in substantially the same form as the draft set out at Schedule 4 (Deed of Adherence);
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Examples of Conflict Situation in a sentence

  • Any Conflict Authorisation shall extend to any actual or possible conflict of interest which may reasonably be expected to arise out of the Conflict Situation so authorised.

  • Notwithstanding Article 12, the quorum for any meeting of the directors whilst it is considering the grant, alteration or revocation of a Conflict Authorisation shall be: one A director and one B director if the Conflict Situation relates to a C director; one B director and one C director if the Conflict Situation relates to an A director; or one A director and one C director if the Conflict Situation relates to a B director.


More Definitions of Conflict Situation

Conflict Situation means any situation or matter (other than one which cannot reasonably be regarded as likely to give rise to a conflict of interest) in which any director has or could have a direct or indirect
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Conflict Situation has the meaning given to it in Article 34.2 (Directors' Conflicts of Interest); Counterparty has the meaning given to it in Article 34.6(a) (Directors' Conflicts of Interest); Deemed Sale Price means the price to be paid for the Deemed Sale Shares and (if applicable) Defaulting Shareholder Debt in accordance with Articles 15 (Deemed Sale Price) and 18.1 and
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Conflict Situation means (a) any Related Party Transaction, (b) any fixing of compensation of Directors or Officers, and (c) any situation, transaction or arrangement actually or potentially presenting a conflict, or the appearance of a conflict, between the private interests and the responsibilities to the Company of a Director, Officer, or Key Employee. Conflict Situations include, without limitation, the following:
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Conflict Situation means a direct or indirect interest as specified in Rule
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Related to Conflict Situation

  • Conflict of Interest means that because of other activities or relationships with other persons, a person is unable or potentially unable to render impartial assistance or advice to the State, or the person's objectivity in performing the contract work is or might be otherwise impaired, or a person has an unfair competitive advantage.

  • Conflict means a situation in which a director has or can have, a direct or indirect interest that conflicts or possibly may conflict, with the interests of the Company;

  • Potential conflict of interest means any action or any decision or recommendation by a person acting in a capacity as a public official, the effect of which could be to the private pecuniary benefit or detriment of the person or the person’s relative, or a business with which the person or the person’s relative is associated, unless the pecuniary benefit or detriment arises out of the following:

  • Conflict of Interest Policy means the Company’s prevailing policy regarding conflicts of interest which is available at the website;

  • Organizational Conflict of Interest means that because of other activities or relationships with other persons, a person is unable or potentially unable to render impartial assistance or advice to the Government, or the person's objectivity in performing the contract work is or might be otherwise impaired, or a person has an unfair competitive advantage. "Person" as used herein includes Corporations, Partnerships, Joint Ventures, and other business enterprises.