Conflicted Member definition

Conflicted Member means a Member that is, or has an Affiliate that is, the counterparty to an Affiliate Contract or that otherwise has a conflict of interest with the Company or any of its Subsidiaries with respect to an Affiliate Contract.
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Conflicted Member has the meaning given to it in Section 2.5(b).
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Conflicted Member means (a) a Member that is (or has an Affiliate that is) the counterparty to the Company under an Affiliate Contract; (b) a Member that is (or has an Affiliate that is) the adversary or counterparty opposite the Company or any of its Subsidiaries on any other transaction or dispute giving rise to a Conflict Activity; or (c) a Member whose Guarantor has failed to perform under or rescinded, revoked, renounced, breached or terminated its Guaranty. “Construction” and its derivatives have the meaning set forth in the Construction Management Agreement or the Operating Agreement.
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Examples of Conflicted Member in a sentence

  • An Ethics Committee member who is unable to fulfill his or her duties on the Committee due to an Actual Conflict of Interest or the Appearance of a Conflict (“Conflicted Member”) may not designate his or her own replacement; instead the Conflicted Member will so inform the Chair of the Ethics Committee, who will select a replacement.

  • The Chair, after consulting with the other Board Members from the Jurisdiction of the Conflicted Member and other members of the Ethics Committee, will select a replacement representing the same Jurisdiction as the Conflicted Member, provided there is a member from that Jurisdiction who can fulfill the responsibilities of a member of the Ethics Committee (e.g. does not have a conflict).

  • Any officer, director, manager, member, stockholder, partner, employee or other agent of a Member, or an Affiliate of such Member, other than a Conflicted Member, is authorized to take or refrain from taking any action on behalf of the Company associated with any Enforcement Activities described in the foregoing two sentences.

  • In the event any Affiliate Contract provides for rights of audit, or any right to request information, any Member other than a Conflicted Member shall be entitled, without a vote, to require by notice to the Company and the other Members that the Company exercise such rights of audit or request information.

  • An Issue-Specific Conflicts of Interest requires that the Conflicted Member recuse him- or herself from voting ordiscussing a particular issue, but do not require resignation or removal of a member.

  • Also, minutes shall indicate that the Conflicted Member was not present during the final discussion or vote on a particular matter and that he did not participate in deliberations or vote on such action or issues.

  • An Issue-Specific Conflicts of Interest requires that the Conflicted Member recuse him- or herself from voting or discussing a particular issue, but do not require resignation or removal of a member.

  • A Conflicted Member shall not be present during the deliberations and decision-making with respect to an actual or potential Conflict of Interest in which s/he or their organization is involved.

  • If the Committee is unable to establish quorum because of the Conflicted Member or Conflicted Members, then the issue or action will be taken up by the Board.

  • A Conflicted Member shall not participate in any way in, or be present during the deliberations and decision making with respect to an actual or potential Conflict of Interest in which s/he or their organization is involved.


More Definitions of Conflicted Member

Conflicted Member means a Director of either (i) the Board of Directors of LCH.Clearnet Group Limited or the Board of Directors of LCH.Clearnet SA or (ii) a member of the Risk Committee being conflicted pursuant to the provisions of the provisions set out in Annex 9 of this Agreement;
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Conflicted Member has the meaning set forth in Section 3.01(d).
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Conflicted Member is defined in the definition of "Conflict Circumstance."
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Conflicted Member means a Member that is (or has an Affiliate that is): (a) the counterparty to the Company or any of its Subsidiaries under an
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Conflicted Member has the meaning given to that term in Clause 9; Corporate Services Agreement means the agreement in the Agreed Form between the LLP and [ ]1 CTA 2010 means the Corporation Tax Act 2010;
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Conflicted Member means a member of the Board or any Committee that has or may have a Conflict of Interest.
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Related to Conflicted Member

  • Independent Member of the board means a member of the board who has no business, family or other relationship that raises a conflict of interests regarding the CCP concerned or its controlling shareholders, its management or its clearing members, and who has had no such relationship during the five years preceding his membership of the board;

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Interested Member means any person (other than the Company and any direct or indirect majority-owned subsidiary of the Company) that:

  • Public member means an individual who is not, and never

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.

  • Tribal Member means an enrolled member of the Tribe.

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • elected member means a member of the authority board who:

  • Qualified Member means a member of the Committee who is a “Non-Employee Director” within the meaning of Rule 16b-3(b)(3) and an “outside director” within the meaning of Regulation 1.162-27 under Code Section 162(m).

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • FTR Holder means the PJM Member that has acquired and possesses an FTR.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Inactive member means a member of the pension program or the individual account pro-

  • Panel Member ’ means a member of a panel;

  • Covered Entity means any of the following:

  • Partner Group means any legal entity that has direct or indirect Control over the Partner and only as long as that legal entity maintains direct or indirect Control (“Parent Companies”) as well as all Associated Companies of the Parent Companies.

  • Student Member means the member of ICCB who has been selected by ICCB's Student Advisory Committee. The student member has all the privileges of membership defined in Section 2-3 of the Act.

  • Enlisted member means a person in an enlisted grade.

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • Household member means an adult living in the private residence out of which a program is operated, regardless of whether the adult is living there permanently or temporarily.

  • Permitted Holder Group shall have the meaning assigned to such term in the definition of “Permitted Holders.”

  • Unit Member means any certificated employee of the district who is included in the appropriate unit as defined in Article 2 and therefore covered by the terms and provisions of this Agreement.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.