Conflicts Prohibited Clause Samples

Conflicts Prohibited. The general rule is that no persons described in paragraph (c) of this section who exercise or have exercised any functions or responsibilities with respect to CDBG activities assisted under this part, or who are in a position to participate in a decisionmaking process or gain inside information with regard to such activities, may obtain a financial interest or benefit from a CDBG-assisted activity, or have a financial interest in any contract, subcontract, or agreement with respect to a CDBG-assisted activity, or with respect to the proceeds of the CDBG-assisted activity, either for themselves or those with whom they have business or immediate family ties, during their tenure or for one year thereafter.

Conflicts Prohibited. The Company represents, warrants and -------------------- covenants that to the best of its knowledge no officer or employee of Investor has a direct or indirect economic interest in the Company or its property or contracts other than as disclosed in the SEC Reports, nor will any officer or employee of Investor receive, directly or indirectly, anything of substantial economic value for his or her private benefit from the Company or anyone acting on its behalf in connection with the investment made pursuant to this Agreement.

Conflicts Prohibited. No persons described in paragraph (c) of this section who exercise or have exercised any functions or responsibilities with respect to activities assisted with HOME funds or who are in a position to participate in a decision making process or gain inside information with regard to these activities, may obtain a financial interest or benefit from a HOME-assisted activity, or have an interest in any contract, subcontract or agreement with respect thereto, or the proceeds thereunder, either for themselves or those with whom they have family or business ties, during their tenure or for one (1) year thereafter.

Conflicts Prohibited. No person who exercises or has exercised any functions or responsibilities with respect to activities assisted under the Project, or who is in a position to participate in a decision-making process or gain inside information with regard to activities assisted under the Project, may obtain a financial interest or benefit from an assisted activity; have a financial interest in any contract, subcontract, or agreement with respect to an assisted activity; or have a financial interest in the proceeds derived from an assisted activity, either for him or herself or for those with whom he or she has immediate family or business ties, during his or her tenure or during the one-year period following his or her tenure.

Conflicts Prohibited. During the term of this Agreement, Assistant General Manager shall not engage in any business or transaction or maintain a financial interest which conflicts, or reasonably might be expected to conflict in any manner, with the proper discharge of his or her duties under this Agreement. Assistant General Manager shall comply with all requirements of law, including but not limited to, Sections 87100 et seq., Section 1090 and Section 1125 of the Government Code, and all other similar statutory and administrative rules. Whenever any potential conflict arises or may appear to arise, the obligation shall be on Assistant General Manager to seek separate and independent legal advice concerning whether such conflict exists and Assistant General Manager’s obligations arising therefrom.

Conflicts Prohibited. No persons de- scribed in paragraph (c) of this section who exercise or have exercised any functions or responsibilities with re- spect to activities assisted with HTF funds or who are in a position to par- ticipate in a decision-making process or gain inside information with regard to these activities may obtain a ▇▇▇▇▇- cial interest or financial benefit from a HTF-assisted activity, or have a ▇▇▇▇▇- cial interest in any contract, sub- contract, or agreement with respect to the HTF-assisted activity, or the pro- ceeds from such activity, either for themselves or those with whom they have business or immediate family ties, during their tenure or for one year thereafter. Immediate family ties in- clude (whether by blood, marriage, or adoption) the spouse, parent (including

Conflicts Prohibited. The general rule is that persons described in paragraph (c) of this section who exercise or have exercised any functions or responsibilities with respect to CDBG activities assisted under this part, or who are in a position to participate in a decision- making process or gain inside information with regard to such activities, may not obtain a financial interest or benefit from a CDBG assisted activity, either for themselves or those with whom they have business or immediate family ties, during their tenure or for one year thereafter.

Conflicts Prohibited. No person or persons described in the previous paragraph who exercise or have exercised any functions, duties, or responsibilities with respect to ESG-assisted activities, or who are in a position to participate in a decision-making process or gain inside information with regard to these activities, may obtain any financial interest or benefit from a ESGR-RRH assisted activity or project, or have any interest in any agreement, contract, or subcontract involving Seminole County’s ESG Program or ESG-RRH funding, or any proceeds there under, either for themselves or those with whom they have family (including domestic partners) or business ties, during their tenure or for one year thereafter. Covered Persons shall avoid perceived as well as actual conflicts of interest. If any Covered Person believes that he or she is faced with an actual or potential conflict, that person shall immediately report it to the Community Services Director and provide a reasonably detailed memorandum of the facts and circumstances that the Covered Person believes may be an ethical conflict. In any circumstances where the Community Services Director is in doubt as to any potential conflict, he or she will seek an opinion from the County Attorney’s Office and if subsequently determined to be necessary, from the Florida Commission on Ethics and/or the U.S. Department of Housing and Urban Development. Such request for opinion shall be submitted through the Community Services Director. The Covered Person shall have no further involvement with functions, responsibilities and decision making processes relative to the ESG- RRH program transaction(s) that gave rise to the question unless and until the requested legal opinion finds that no such conflict exists.

Conflicts Prohibited. During the term of this Transaction Advisory Agreement, KRG shall not, without the Company's prior written consent: (a) directly or indirectly engage in any business activity, or have any interest in any person, firm or other entity engaged in any business activity, in which the Company or any of its subsidiaries at the time are engaged or are planning to engage; or (b) render services similar in nature to those being rendered to the Company pursuant to this Transaction Advisory Agreement, to any person, firm or other entity engaged in any business activity, in which the Company or any of its subsidiaries at the time are engaged or are planning to engage.