Conflicted Party definition

Conflicted Party means a contractor for whom an actual organizational conflict of interest exists.
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Conflicted Party means, with respect to a person or entity, that such person or entity has or potentially has an Conflict of Interest at the time Contractor is providing Services under this Agreement or receiving Protected Material in connection with such Services.
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Conflicted Party has the meaning set out in Clause 21.1; “Control” (including with correlative meaning, the term “Controlled by”) means the right of one person alone, or together with its Affiliates, to appoint the majority of the directors or to control the management or policy decisions of a person, directly or indirectly, whether by virtue of their shareholding, management rights, shareholders agreements, voting agreements, contracts, or by a management or advisory agreement or otherwise, it being understood, however, that Co-Control does not constitute Control for the purposes of this Agreement; “Deadlock Appointees” and each “Deadlock Appointee” has the meaning set out in Clause 12.2.1; “Deadlock Matter” has the meaning set out in Clause 12.1.2; “Debt Finance” means facilities (senior and subordinated facilities, together with any related hedging arrangements) for the provision of a material amount of third party debt to the Company, VTG or any other VTG Group Company, from time to time, for the funding of any acquisitions, repayment of and/or refinancing of third party debt, capital expenditure and/or working capital; “Default Call Option” has the meaning set out in Clause 26.4.2(i); “Default Call Option Notice” has the meaning set out in Clause 26.4.2(ii); “Default Call Option Shares” has the meaning set out in Clause 26.4.2(i); “Default Call Option SPA” has the meaning set out in Clause 26.4.2(ii)(a); “Default Notice” has the meaning set out in Clause 26.2.1; “Defaulting Shareholder” has the meaning set out in Clause 26.1; “Draft Revised Annual Budget” has the meaning set out in Clause 19.2; “Draft Revised Business Plan” has the meaning set out in Clause 19.2; “Effective Date” has the meaning set out in Clause 31.1; [***] [***] [***] [***] “Emergency Loan” has the meaning set in out in Clause 24.3; “Emergency SHL Agreement” has the meaning set in out in Clause 24.3.4(i); “Encumbrance” means any claim, charge, mortgage, lien, option, equitable right, power of sale, pledge, hypothecation, retention of title, right of pre-emption, right of first refusal or other third party right(s) or security interest of any kind or an agreement, arrangement or obligation to create any of the foregoing; “Expenditures” has the meaning set out in lit (b) of Schedule 9.2.1; “Extended Material Breach Cure Period” has the meaning set out in Clause 26.4.2(i);
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Examples of Conflicted Party in a sentence

  • Metrolinx shall have the authority to determine whether the Conflicted Party may continue to participate in the activity or provide the services in question, and shall also have the authority to attach limitations or conditions on the Conflicted Party’s participation in the Procurement.

  • Each Party declares that, if at any time during the course of participating in the Procurement, a Party or any of its advisors, partners, directors, commissioners, officers, Personnel, agents, or contractors has an actual or potential Conflict of Interest (each, a “Conflicted Party”), the Conflicted Party will immediately disclose such Conflict of Interest to Metrolinx and the Manager.

  • Care should be taken, however, to interpret this as a real effect, as the amplitude is hardly larger that the estimated error of the individual U band measurements.It is likely that the photospheric shockwave does not contain much energy.

  • Where a Party considers another Party may have a Conflict of Interest, they should ask the potentially Conflicted Party.

  • Contractor shall immediately notify Company if any Authorized Reviewer becomes a Conflicted Party (or otherwise Unauthorized Staff) in the course of performing the Services and provide relevant information regarding such conflict to enable Company to determine if such Authorized Reviewer should lose such authorization, in which case Section 6(c) shall apply.

  • Further, the Company shall not make mortgage loans to any Conflicted Party, unless an appraisal is obtained, from an independent appraiser, concerning the property under which the loan will be secured, except for those loans insured or guaranteed by a government or government agency.

  • The Conflicted Party agrees to abide by the Board’s action.Resolution of conflicts of interest may include but is not necessarily limited to, requiring a Conflicted Party to disclose a conflict and recuse from vote or decision making on the issue/application giving rise to the conflict.

  • Save as disclosed above, all the terms of the Previous Agreements (Customer O) shall remain materially unchanged and in full force and effect and binding on the parties.

  • In providing the notification under clause 8.1, the Conflicted Party will provide sufficient detail to the other Party about the matter to enable the Parties to determine appropriate action to resolve or manage the conflict, taking into account each Party’s own policies and procedures for treatment and management of conflicts of interest.

  • If the Company consummates the issuance or sale to a Conflicted Party, the Company shall repurchase the Series E Preferred Stock held by Deloitte or Ernst & Young or their affiliates, as applicable, simultaneously with such issuance or sale at a price equal to the original issue price of the Series E Preferred Stock.


More Definitions of Conflicted Party

Conflicted Party has the meaning given to it in clause 4.5.1;
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Conflicted Party means a Principal Party to whom a Conflict of Interest Matter relates;
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Related to Conflicted Party

  • Restricted Party As defined in the definition of “Privileged Information Exception” in this Agreement.

  • Excluded Party means any REIT, any parent company of or Person who Controls any REIT in each instance engaged primarily in owning and operating Real Property, and any other Person whom the Borrower has reasonably identified in writing to the Administrative Agent as a competitor or potential competitor of the Borrower.

  • Interested Party means a person:

  • Covered Entity means any of the following:

  • Prohibited Party As of any date of determination, any Person that has theretofore failed to comply with such Person’s obligations under Regulation AB with respect to the Trust Fund or any other securitization if (and only if) both (A) such failure was an “event of default” under the relevant agreement to which such Person was a party, and (B) such Person is proposed to become a Servicing Function Participant in respect of the Trust Fund. In determining whether any person or entity is a “Prohibited Party”, each party hereto, provided that they are not an Affiliate of such Person, shall be entitled to conclusively rely on a written certification from any Person stating that it is not a Prohibited Party. All necessary determinations under or for purposes of this definition shall be made as of the date of consummation of the transaction in which the relevant person or entity would become a Servicing Function Participant in respect of the Trust Fund.

  • Indigent person means a person whose household income does not exceed the minimum household income as predetermined by the council;

  • Licensed person means an individual who is licensed or otherwise legally authorized to practice a professional service by a court, department, board, commission, or an agency of this state or another jurisdiction, any corporation or professional services corporation all of whose shareholders are licensed persons, any partnership all of whose partners are licensed persons, or any limited liability company all of whose members and managers are licensed persons.

  • Independent Third Party means any Person who, immediately prior to a contemplated transaction, does not own in excess of 5% of the Company’s Common Units on a fully-diluted basis (a “5% Owner”), who is not controlling, controlled by or under common control with any such 5% Owner and who is not the spouse or descendant (by birth or adoption) of any such 5% Owner or a trust for the benefit of such 5% Owner and/or such other Persons.

  • Excluded Persons means (A) the Company or any Regency Entity; (B) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Regency Entity; (C) an underwriter temporarily holding securities pursuant to an offering of such securities; or (D) a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of stock in the Company.