Conflict of interest and Reputational Risk Clause Samples

Conflict of interest and Reputational Risk. 26.2.1 The Customer and its employees and personnel shall at all times ensure that it acts in the best interests of LIT by ensuring that any business or personal association which it may have does not involve a conflict of interest of any nature whatsoever with its operations as well as its obligations under and in terms of this MSA. 26.2.2 The Customer warrants that it shall not conduct itself in a manner which will bring LIT and any director, shareholder, employee or any other person or entity associated with LIT into disrepute. If the Customer fails to comply with provisions of this clause 26 and LIT incurs any reputational damage or potential reputational damage, LIT shall immediately terminate (in writing) this MSA. 26.2.3 The Customer warrants that it has no business, professional, personal, or other interest, including, but not limited to, the representation of third parties, that would conflict in any manner or degree with its rights and/or obligations under this MSA nor would it result in a conflict of interest with LIT and any director, shareholder, employee or any other person or entity associated with LIT. 26.2.4 If a conflict of interest arises, as contemplated in this clause 26., the Customer shall immediately inform LIT (in writing) of such conflict. If LIT reasonably decides that such conflict is material in nature, then it may terminate this MSA immediately upon written notice to the Customer. Termination shall be effective on receipt of the abovementioned notice by the Customer.
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Related to Conflict of interest and Reputational Risk

  • 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 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.

  • 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.