ACTION IN THE EVENT OF CONFLICT OF INTEREST Sample Clauses

ACTION IN THE EVENT OF CONFLICT OF INTEREST. Notwithstanding anything to the contrary, if a conflict should arise between the interests of AOG or the Trust on the one hand, and AIM or AIM Group or other persons on behalf of whom any member of AIM Group is performing services on the other, AIM: (a) shall make disclosure to the and Board of Directors of the fact of and substance of such conflict of interest; (b) shall use all reasonable efforts to resolve such conflict of interest in a manner which will treat the Trust or AOG, as the case may be, and the other interested party in an even-handed manner taking into account all of the circumstances of the Trust or AOG, as the case may be, and such interested party (including their investment criteria and objectives, time and other policies); (c) shall submit to the Board of Directors a proposal (the "PROPOSAL") for the resolution of the conflict of interest; (d) shall act honestly and in good faith in making any such resolutions. If the Board of Directors, after considering the Proposal, determines that it is not a satisfactory resolution to the conflict of interest, the parties hereto agree to retain two arbitrators (one being selected by AIM and the other being selected by the Board of Directors, other than the directors appointed by AIM) which arbitrators will make a final and binding decision in respect of the conflict of interest. Such arbitration shall be conducted in accordance with the provisions of the ARBITRATION ACT (Alberta).
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Related to ACTION IN THE EVENT OF CONFLICT OF INTEREST

  • Termination for Conflict of Interest HCA may terminate this Contract by written notice to the Contractor if HCA determines, after due notice and examination, that there is a violation of the Ethics in Public Service Act, Chapter 42.52 RCW, or any other laws regarding ethics in public acquisitions and procurement and performance of contracts. In the event this Contract is so terminated, HCA will be entitled to pursue the same remedies against the Contractor as it could pursue in the event Contractor breaches the contract.

  • No Conflict of Interest Contractor has no interest that would constitute a conflict of interest under (i) PCC 10365.5, 10410 or 10411; (ii) Government Code sections 1090 et seq. or 87100 et seq.; or (iii) California Rules of Court, rule 10.103 or 10.104, which restrict employees and former employees from contracting with judicial branch entities.

  • Conflict of Interest No officer, member or employee of the Contractor or subcontractor, no member of the governing body of the Contractor, and no other public officials of the Contractor who exercise any functions or responsibilities in the review or Contractor approval of this Agreement, shall participate in any decision relating to this Agreement which affects his or her personal interest, or shall have any personal or pecuniary interest, direct or indirect, in this Agreement.

  • Conflict of Interests The beneficiary undertakes to take all the necessary measures to prevent any risk of conflicts of interests which could affect the impartial and objective performance of the agreement. Such conflict of interests could arise in particular as a result of economic interest, political or national affinity, family or emotional reasons, or any other shared interest. Any situation constituting or likely to lead to a conflict of interests during the performance of the agreement must be brought to the attention of the Commission, in writing, without delay. The beneficiary shall undertake to take whatever steps are necessary to rectify this situation at once. The Commission reserves the right to check that the measures taken are appropriate and may demand that the beneficiary take additional measures, if necessary, within a certain time.

  • Conflict of Interest Requirements CONTRACTOR hereby agrees to comply with any and all applicable conflict of interest requirements set forth in the California Political Reform Act and any current and future implementing regulations, policies, procedures and standards promulgated thereunder, including, without limitation, COUNTY’s Conflict of Interest Code, all as may be amended from time to time.