Relevant Situation definition

Relevant Situation means a matter or 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, without limitation, in relation to the exploitation of any property, information or opportunity, whether or not the Company could take advantage of it)
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Relevant Situation means a situation or matter in which a director has a direct or indirect interest that conflicts, or possibly may conflict, with the interests of the Company (including, without limitation, in relation to the exploitation of any property, information or opportunity, whether or not the Company could take advantage of it) but excludes (i) any situation or matter which cannot reasonably be regarded as likely to give rise to a conflict of interest and (ii) any conflict of interest arising in relation to a transaction or arrangement with the Company;
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Relevant Situation means a situation in which—
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Examples of Relevant Situation in a sentence

  • A director shall declare the nature and extent of his interest in a Relevant Situation within article 72(a)(i) or 72(a)(ii) to the other directors.

  • Provisions applicable to declarations of interest 142.1 An Interested Director shall declare the nature and extent of his interest in a Relevant Situation to the other directors.

  • Subject to and in accordance with the CA2006 and the provision of this Article 120 (Board authorisation of conflicts of interest), the Directors may authorise any Relevant Situation, including without limitation, the continuing performance by the Conflicted Director of his duties and the acceptance of or continuing in any office, employment or position in addition to that of his office as a Director.

  • A director shall declare the nature and extent of his interest in a Relevant Situation within sub-articles 71.1(a) or 71.1(b) to the other directors.

  • A director shall declare the nature and extent of his interest in a Relevant Situation within article 74(a)(i) or 74(a)(ii) to the other directors.

  • A Director shall declare the nature and extent of his interest in a Relevant Situation to the other Directors and any such declaration shall be made in accordance with the provisions of Articles 122.4 to 122.6 (inclusive).

  • A director shall declare the nature and extent of his interest in a Relevant Situation within article 73.1(a) or 73.1(b) to the other directors.

  • PROVISIONS APPLICABLE TO DECLARATIONS OF INTEREST 108.1 An Interested Director shall declare the nature and extent of his interest in a Relevant Situation to the other directors.

  • A Director shall declare the nature and extent of his interest in a Relevant Situation to the other Directors and any such declaration shall be made in accordance with the provisions of Articles 119.4 to 119.6 (inclusive).

  • Following disclosure, the Relevant Director, in agreement with the Board of Directors itself, shall adopt a measure on the management of conflicts of interest that includes, at least, the director’s abstention from voting on the matter affected by the Relevant Situation and that, in the most serious cases, may even lead to prevent the director’s participation in the discussion.


More Definitions of Relevant Situation

Relevant Situation means a situation or matter in which a director has a direct or indirect interest that conflicts, or possibly may conflict, with the interests of the
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Relevant 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 (other than a situation that cannot reasonably be regarded as likely to give rise to a conflict of interest or a conflict of interest arising in relation to a transaction or arrangement with the Company).
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Relevant Situation means any matter which relates to a situation in which a Director has, or can have, a direct or indirect interest which conflicts, or possibly may conflict, with the interests of the Association (including, without limitation, in relation to the exploitation of any property, information or opportunity, whether or not the Association could take advantage of it but excluding any situation which cannot reasonably be regarded as likely to give rise to a conflict of interest);
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Relevant Situation has the meaning given in Section 3.3(d).
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Relevant Situation has the meaning set forth in Section 24.6;
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Related to Relevant Situation

  • Cross-Over Situation For any Distribution Date and for each Loan Group (after taking into account principal distributions on such Distribution Date) with respect to the Class A and Class B Lower Tier REMIC Interests, a situation in which the Class A and Class B Interests corresponding to any Loan Group are in the aggregate less than 1% of the Subordinated Portion of the Loan Group to which they correspond.

  • Emergency Situation means a situation in which an individual is experiencing a serious mental illness or a developmental disability, or a minor is experiencing a serious emotional disturbance, and 1 of the following applies:

  • Congenital Anomaly means a condition(s) which is present since birth, and which is abnormal with reference to form, structure or position.

  • Load Management means a Demand Resource (“DR”) as defined in the Reliability Assurance Agreement.

  • Environmental Management Framework and “EMF” mean the framework of the Borrower for the management of social and environmental aspects of the Project dated April 24, 2007 and disclosed to the public on even date therewith, as may be amended from time to time with the prior approval of the Bank.

  • Emergency Situations Fire, any other casualty, or any other events, circumstances or conditions which threaten the safety or physical well-being of the Facility's guests or employees or which involve the risk of material property damage or material loss to the Facility.

  • Environmental and Social Management Framework or “ESMF” means the environmental and social management framework of the Project States dated March 31, 2005, and amended on August 4, 2008, which, inter alia, sets forth the environmental and social safeguards applicable to the Project, including the identification, assessment and mitigation of potential environmental, resettlement, and social impacts arising from carrying out Project activities, measures to protect cultural property, proposed management and mitigation measures, and the relevant institutional framework required, as updated by the Project States from time to time in a manner satisfactory to the Association;

  • PJM Management means the officers, executives, supervisors and employee managers of PJM.

  • Procurement Management means the Director of Lee County’s Procurement Management Department or designee.

  • Integrated pest management means careful consideration of all available plant protection methods and subsequent integration of appropriate measures that discourage the development of populations of harmful organisms and keep the use of plant protection products and other forms of intervention to levels that are economically and ecologically justified and reduce or minimise risks to human health and the environment. ‘Integrated pest management’ emphasises the growth of a healthy crop with the least possible disruption to agro-ecosystems and encourages natural pest control mechanisms;

  • Project Management Unit and “PMU” each means the Recipient’s unit responsible for the implementation of its Respective Part of the Project referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • foreshore , in relation to a port, means the area between the high-water mark and the low-water mark relating to that port;

  • DME means Department of Medical Education, Govt. of M.P.

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Procurement organization means an eye bank, organ procurement organization, or tissue bank.

  • disaster management means a continuous and integrated process of planning, organising, coordinating and implementing measures which are necessary or expedient for—

  • Organ procurement organization means a person designated by the Secretary of the United States Department of Health and Human Services as an organ procurement organization.

  • Functional behavioral assessment means an individualized assessment of the student that results in a team hypothesis about the function of a student’s behavior and, as appropriate, recommendations for a behavior intervention plan.

  • Extreme Vetting means data mining, threat modeling, predictive risk analysis, or other similar services." Extreme Vetting does not include:

  • Security Management Plan means the Supplier's security management plan prepared pursuant to paragraph 3 of schedule 2 an outline of which is set out in paragraph 2.7 of the Order Form as updated from time to time;

  • Drug therapy management means the review of a drug therapy regimen of a patient by one or more pharmacists for the purpose of evaluating and rendering advice to one or more practitioners regarding adjustment of the regimen.

  • Triage means the sorting of patients in terms of disposition, destination, or priority. For prehospital trauma victims, triage requires a determination of injury severity to assess the appropriate level of care according to established patient care protocols.

  • Alert means events may occur, are in progress, or have occurred that could lead to a release of radioactive material but that the release is not expected to require a response by offsite response organizations to protect persons offsite.

  • Project Management The individuals appointed by each Party cf. clause 4.1 in the Agreement.

  • Fund Management means the persons responsible for the portfolio and/or risk management of the Fund.

  • Rape Crisis Center means an office, institution, or center offering assistance to victims of sexual offenses through crisis intervention, medical and legal information, and follow-up counseling.