Conflicting interest transaction definition

Conflicting 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 a 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.

Conflicting interest transaction means any contract, transaction, or other financial relationship between the Association and a Board member, or between the Association and a party related to a Board member, or between the Association and an entity in which a Board member of the Association is a director or officer or has a financial interest.

Conflicting interest transaction means a contract, transaction, or other financial relationship between the Foundation and a Trustee of the Foundation, or between the Foundation and a party related to a Trustee, or between the Foundation and an entity in which a Trustee of the Foundation is a director or has a financial interest. (Note: this definition is based upon current Bylaws, which was based upon the definition in the Colorado Revised Nonprofit Corporation Act)

Examples of Conflicting interest transaction in a sentence

• If the Obligations become so due and payable, I understand and acknowledge that the Lender may instruct Xxxxxx Xxxxx to liquidate securities or assets that were pledged as collateral in an amount sufficient to satisfy outstanding Obligations.

• Conflicting interest transaction shall not include any transaction between the Corporation and another entity (i) that owns, directly or indirectly, all of the outstanding shares of the Corporation or (ii) all of the outstanding shares or other equity interests of which are owned, directly or indirectly, by the Corporation or by another entity that owns, directly or indirectly, all of the outstanding shares of the Corporation.

• Conflicting interest transaction shall not include any transaction between a corporation and another entity that owns, directly or indirectly, all of the outstanding shares of the corporation or all of the outstanding shares or other equity interests of which are owned, directly or indirectly, by the corporation.

More Definitions of Conflicting interest transaction

Conflicting interest transaction means any contract or transaction between NAPABA and a Board member, officer or employee, or between NAPABA and an entity in which a Board member, officer, or employee is a board member or officer or has a financial interest. Every Board member, officer and employee of NAPABA shall comply with the Conflict of Interest Policy (attached hereto).

Conflicting interest transaction or “Transaction” means a transaction or proposed transaction by Cooperative or a Subsidiary, other than the payment of Official compensation or provision of Official benefits, and other than a transaction offered to all similarly situated Cooperative members:

Conflicting interest transaction means a contract, transaction or other financial relationship between the Association and: (i) a director, or (ii) a party related to a director, or (iii) an entity in which an Association director is also a director or officer or has a financial interest.

Conflicting interest transaction means any of the following:

Conflicting interest transaction means: a contract, transaction, or other financial relationship between the Corporation and a Director or officer of the Corporation, or between the Corporation and a party related to a Director or officer, or between the Corporation and an entity which a Director or officer of the Corporation is a Director or officer or has a financial interest. For purposes of this Section 3, “party related to a Director or officer” shall mean a spouse, a descendent, an ancestor, a sibling, the spouse or descendent of a sibling, an estate or trust in which the Director or officer or a party related to such Director or officer has a beneficial interest, or an entity in which a party related to a Director is a director, officer, or has a financial interest.

Conflicting 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 a Director, or between the Association and

Conflicting interest transaction means a contract, transaction, or other financial relationship between the corporation and a Director, or between the corporation and a party related to a Director, or between the corporation and an entity in which a Director is a director or officer or has a financial interest.