Common use of Conflict of Interest Includes Clause in Contracts

Conflict of Interest Includes. For the purposes of this Article, a conflict of interest includes any circumstances, as would be interpreted by a reasonable person, in which any of the Operator’s Personnel, or any member of the immediate family of such a person, is able to materially benefit financially from the Project. For these purposes, “benefit financially” shall not include (a) the receipt or delivery of services provided to a person through the Operator in the ordinary course of business, and (b) where the Operator is a for-profit entity, as defined in s. 269 [3] of the Regulation, the general and financial benefits that result solely from profits derived from the Operator’s operation of the Beds.

Appears in 2 contracts

Sources: LTC Development Agreement, LTC Development Agreement