Consequences of conflicts of interest Sample Clauses

The "Consequences of conflicts of interest" clause defines the actions and outcomes that follow when a conflict of interest is identified within a contractual relationship. Typically, this clause outlines the obligations of the parties to disclose any potential or actual conflicts, and may require the conflicted party to recuse themselves from certain decisions or activities, or even allow for suspension or termination of the agreement if the conflict cannot be resolved. Its core practical function is to protect the integrity of the contractual relationship by ensuring that decisions are made impartially and that any risks arising from conflicting interests are managed transparently and effectively.
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Consequences of conflicts of interest. Disclosed conflicts will be managed in a manner acceptable to the university and the employee wherever feasible and warranted. Undisclosed conflicts may result in sanctions ranging from notice to discontinue a specific activity to termination of employment. Employee’s Name: Dated: Position: Dept. /Office
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Consequences of conflicts of interest a) If a conflict of interest is reported by the Evaluator or established by the Contracting Party, the Evaluator must not evaluate the proposal concerned and shall immediately inform formally the Contracting Party about the situation. b) If a conflict becomes apparent at any stage of the evaluation, the Evaluator must immediately inform the Contracting Party. If a conflict is confirmed, the Evaluator must stop evaluating the proposal concerned. Any comments and scores already given by the Evaluator will be discounted. If necessary in order to assure the independence of the evaluation, the Evaluator will be replaced. If it is revealed during an evaluation that an Evaluator has knowingly concealed a conflict of interest, the Evaluator will be immediately excluded, and sanctions will apply (Article 10).
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Consequences of conflicts of interest. (a) If a conflict of interest referred to in points (m) and (n) of paragraph 2 is reported by the expert or established by the contracting party or relevant service, or becomes apparent at any stage of the evaluation, the expert must not evaluate any proposal in the call (“out of the call” rule). Any comments and scores already given by the expert will be discounted. If necessary, the expert will be replaced (b) If a conflict of interest referred to in points (a) to (l) of paragraph 2 is reported by the expert or established by the contracting party or relevant service, the expert must not evaluate the given proposal or take part in any discussion or scoring of it. The expert must leave the room or the electronic forum when the proposal is discussed (“out of the room” rule)
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Consequences of conflicts of interest. If a conflict becomes apparent at any stage, the expert must immediately inform the Commission or relevant service staff. If it is revealed during an evaluation that an expert has knowingly concealed a conflict of interest, the expert will be immediately excluded, and sanctions may apply according to the EU Financial Regulation and its implementing rules). Date: Contract number: EAC-XXXX-2014 Address: City: Postal code: Country: Payment of expert fees to cover the attendance to the meeting which took place in from to 2014 = EUR Payment of expert fees to cover the preparatory work of files = EUR Payment of expert fees to cover the elaboration of reports = EUR Payment of expert fees to cover the consolidation and final writing of reports (Chairperson)= Payment of per diem to cover on-site expenses during the visit which took place in from to 2014 = EUR Reimbursement of travel expenses (according to supporting documents) = EUR TOTAL: EUR Bank name: Bank Address: International Bank Account Number (IBAN): BIC/Swift Code: The rules are as follows: a. for distances of less than 400 km (one way, according to official distance by rail): - train travel (1st class); the original ticket has to be presented with the final declaration of expenses; - travel by private car shall be reimbursed at the price of the train travel (1st class) or, if there is no train travel for this journey, on the current rate of EUR 0.22 per km. b. for distances of more than 400 km: economy class air travel.
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Consequences of conflicts of interest. (a) If a conflict of interest referred to in points (m) and (n) of paragraph 2 is reported by the expert or established by the contracting party or relevant service, or becomes apparent at any stage of the evaluation, the expert must not evaluate any proposal in the call ("out of the call" rule). Any comments and scores already given by the expert will be discounted. If necessary, the expert will be replaced (b) If a conflict of interest referred to in points (a) to (l) of paragraph 2 is reported by the expert or established by the contracting party or relevant service, the expert must not evaluate the given proposal or take part in any discussion or scoring of it. The expert must leave the room or the electronic forum when the proposal is discussed ("out of the room" rule) If it is revealed during an evaluation that an expert has knowingly concealed a conflict of interest, the expert will be immediately excluded, and sanctions will apply (see Articles 14, 15, 16 and 18 of the Contract or in the Financial Regulation and its implementing rules). Any panel meeting in which s/he has participated will be declared null. The panel meeting will be reconvened and the proposal(s) concerned will be re-evaluated.
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Consequences of conflicts of interest a. If a conflict of interest is reported by the Evaluator or established by the Contractor, the Evaluator must not evaluate the proposal concerned and shall immediately inform the Contractor about the situation. b. If a conflict becomes apparent at any stage of the evaluation, the Evaluator must immediately inform the Contractor. If a conflict is confirmed, the Evaluator must stop evaluating the proposal concerned. Any comments and scores already given by the Evaluator will be discounted. If necessary, the Evaluator will be replaced.
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Related to Consequences of conflicts of interest

  • Conflicts of Interest The Parties confirm that they have not offered, given, or accepted, nor intend to give at any time hereafter any economic opportunity, future employment, gift, loan, gratuity, special discount, trip, favor, service to the other in connection with this Agreement. Vendor affirms that, to the best of Vendor’s knowledge, this Agreement has been arrived at independently, and is awarded without collusion with anyone to obtain information or gain any favoritism that would in any way limit competition or give an unfair advantage over other vendors in the award of this Agreement. Vendor agrees that it has disclosed any necessary affiliations with Region 8 Education Service Center and the TIPS Department, if any, through the Conflict of Interest attachment provided in the solicitation resulting in this Agreement.

  • Resolution of Conflicts of Interest (a) Unless otherwise expressly provided in this Agreement, the Operating Partnership Agreement or the limited liability company or partnership agreement of any other Group Member, whenever a potential conflict of interest exists or arises between the General Partner or any of its Affiliates, on the one hand, and the Partnership, the Operating Partnership, any other Group Member, any Partner or any Assignee, on the other, any resolution or course of action by the General Partner or its Affiliates in respect of such conflict of interest shall be permitted and deemed approved by all Partners, and shall not constitute a breach of this Agreement, of the Operating Partnership Agreement, of any agreement contemplated herein or therein, or of any duty stated or implied by law or equity, if the resolution or course of action is, or by operation of this Agreement is deemed to be, fair and reasonable to the Partnership. The General Partner shall be authorized but not required in connection with its resolution of such conflict of interest to seek Special Approval of such resolution. Any conflict of interest and any resolution of such conflict of interest shall be conclusively deemed fair and reasonable to the Partnership if such conflict of interest or resolution is (i) approved by Special Approval (as long as the material facts known to the General Partner or any of its Affiliates regarding any proposed transaction were disclosed to the Conflicts Committee at the time it gave its approval), (ii) on terms no less favorable to the Partnership than those generally being provided to or available from unrelated third parties or (iii) fair to the Partnership, taking into account the totality of the relationships between the parties involved (including other transactions that may be particularly favorable or advantageous to the Partnership). The General Partner may also adopt a resolution or course of action that has not received Special Approval. The General Partner (including the Conflicts Committee in connection with Special Approval) shall be authorized in connection with its determination of what is “fair and reasonable” to the Partnership and in connection with its resolution of any conflict of interest to consider (A) the relative interests of any party to such conflict, agreement, transaction or situation and the benefits and burdens relating to such interest; (B) any customary or accepted industry practices and any customary or historical dealings with a particular Person; (C) any applicable generally accepted accounting practices or principles; and (D) such additional factors as the General Partner (including the Conflicts Committee) determines in its sole discretion to be relevant, reasonable or appropriate under the circumstances. Nothing contained in this Agreement, however, is intended to nor shall it be construed to require the General Partner (including the Conflicts Committee) to consider the interests of any Person other than the Partnership. In the absence of bad faith by the General Partner, the resolution, action or terms so made, taken or provided by the General Partner with respect to such matter shall not constitute a breach of this Agreement or any other agreement contemplated herein or a breach of any standard of care or duty imposed herein or therein or, to the extent permitted by law, under the Delaware Act or any other law, rule or regulation. (b) Whenever this Agreement or any other agreement contemplated hereby provides that the General Partner or any of its Affiliates is permitted or required to make a decision (i) in its “sole discretion” or “discretion,” that it deems “necessary or appropriate” or “necessary or advisable” or under a grant of similar authority or latitude, except as otherwise provided herein, the General Partner or such Affiliate shall be entitled to consider only such interests and factors as it desires and shall have no duty or obligation to give any consideration to any interest of, or factors affecting, the Partnership, any other Group Member, any Limited Partner or any Assignee, (ii) it may make such decision in its sole discretion (regardless of whether there is a reference to “sole discretion” or “discretion”) unless another express standard is provided for, or (iii) in “good faith” or under another express standard, the General Partner or such Affiliate shall act under such express standard and shall not be subject to any other or different standards imposed by this Agreement, the Operating Partnership Agreement, the limited liability company or partnership agreement of any other Group Member, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation. In addition, any actions taken by the General Partner or such Affiliate consistent with the standards of “reasonable discretion” set forth in the definitions of Available Cash or Operating Surplus shall not constitute a breach of any duty of the General Partner to the Partnership or the Limited Partners. The General Partner shall have no duty, express or implied, to sell or otherwise dispose of any asset of the Partnership Group other than in the ordinary course of business. No borrowing by any Group Member or the approval thereof by the General Partner shall be deemed to constitute a breach of any duty of the General Partner to the Partnership or the Limited Partners by reason of the fact that the purpose or effect of such borrowing is directly or indirectly to (A) enable distributions to the General Partner or its Affiliates (including in their capacities as Limited Partners) to exceed 2% of the total amount distributed to all partners or (B) hasten the expiration of the Subordination Period or the conversion of any Subordinated Units into Common Units. (c) Whenever a particular transaction, arrangement or resolution of a conflict of interest is required under this Agreement to be “fair and reasonable” to any Person, the fair and reasonable nature of such transaction, arrangement or resolution shall be considered in the context of all similar or related transactions. (d) The Unitholders hereby authorize the General Partner, on behalf of the Partnership as a partner or member of a Group Member, to approve of actions by the general partner or managing member of such Group Member similar to those actions permitted to be taken by the General Partner pursuant to this Section 7.9.

  • No Conflicts of Interest A. Contractor represents and warrants that it has no actual or potential conflicts of interest in providing the requested goods or services to System Agency under this Contract or any related Solicitation and that Contractor’s provision of the requested goods and/or services under this Contract and any related Solicitation will not constitute an actual or potential conflict of interest or reasonably create an appearance of impropriety. B. Contractor agrees that, if after execution of the Contract, Contractor discovers or is made aware of a Conflict of Interest, Contractor will immediately and fully disclose such interest in writing to System Agency. In addition, Contractor will promptly and fully disclose any relationship that might be perceived or represented as a conflict after its discovery by Contractor or by System Agency as a potential conflict. System Agency reserves the right to make a final determination regarding the existence of Conflicts of Interest, and Contractor agrees to abide by System Agency’s decision.

  • Certain Conflicts of Interest Except as may be provided herein or as otherwise addressed by the Company’s conflicts of interest policies, the Company may not engage in any transaction involving a Conflict of Interest without first submitting such transaction to the Independent Representative for approval to determine whether such transaction is fair and reasonable to the Company and the Members; provided, however, that the Company may not purchase investments from Fundrise Lending, LLC, or its Affiliates without a determination by the Independent Representative that such transaction is fair and reasonable to the Company and at a price to the Company that is not materially greater than the cost of the asset to Fundrise Lending, LLC, or its Affiliate, as applicable. The resolution of any Conflict of Interest approved by the Independent Representative shall be conclusively deemed to be fair and reasonable to the Company and the Members and not a breach of any duty hereunder at law, in equity or otherwise. Notwithstanding the above, to the extent required by applicable law, any transaction involving certain Conflicts of Interest shall be subject to review and approval by the Independent Representative.

  • Conflicts of Interests 4.8.1 We are required to have arrangements in place to manage conflicts of interest between us and our clients and between different clients. We operate in accordance with a conflicts of interest policy we have put in place for this purpose (which may be revised or updated from time to time) pursuant to Applicable Regulations in which we have identified those situations in which there may be a conflict of interest, and in each case, the steps we have taken to manage that conflict. 4.8.2 We shall not be obliged to disclose to you or take into consideration any fact, matter or finding which might involve a breach of duty or confidence to any other person, or which comes to the notice of any of our directors, officers, employees or agents but does not come to the actual notice of the individual or individuals dealing with you. 4.8.3 The relationship between you and us is as described in this Client Agreement. Neither that relationship, nor the services we provide nor any other matter, will give rise to any fiduciary or equitable duties on our part or on the part of any of our affiliates. As a result, we or any of our affiliates involved in doing business with or for you may act as execution-only brokers and we or any of our affiliates may do business with other clients and other investors whether for our own or such affiliate’s own account. 4.8.4 You accept that we and our Affiliates may either: 4.8.4.1 have interests which conflict with your interest’s, or 4.8.4.2 owe duties which conflict with duties which would otherwise be owed to you, and in either case; or 4.8.4.3 you consent to our acting in any manner which we consider appropriate in such cases subject to Applicable Regulations.