Other Activities and Conflict of Interest Clause Samples

The "Other Activities and Conflict of Interest" clause defines the obligations of parties to disclose and manage any outside activities or interests that could interfere with their duties under the agreement. Typically, this clause requires individuals to notify the other party if they engage in work, investments, or relationships that might create a conflict with their contractual responsibilities. By establishing clear disclosure and management procedures, the clause helps prevent situations where personal interests could compromise professional judgment or the integrity of the agreement.
Other Activities and Conflict of Interest. (a) The Parties acknowledge and agree that: (i) the Manager and its personnel shall devote as much time as is reasonably necessary for the proper discharge of its duties and obligations hereunder; (ii) the Manager shall not be engaged in activities other than providing the Administrative Services and the Management Services; (iii) subject to subsection 6.03(b) below, Enbridge Inc. and its affiliates and associates, other than the Manager (collectively, the “Enbridge Parties”), may be engaged in, or hereafter become engaged in, any business or activities whatsoever (the “Permitted Activities”), and such Permitted Activities may be in competition or conflict with the Business carried on by, and/or the interests of, ECT or its affiliates and associates and, for further certainty, may include (A) the provision of services, to any Persons whomsoever, which are the same as or similar to the services provided hereunder, (B) engaging in the business of or activities pertaining directly or indirectly to, and/or the direct and indirect ownership, management, operation and lease of assets and property in connection with, energy infrastructure (and all activities related thereto), (C) acquiring or otherwise dealing with investments and other direct or indirect rights in Persons involved in the business of or activities pertaining directly or indirectly to energy infrastructure (and activities related thereto), and (D) engaging in all activities ancillary or incidental to any of the foregoing; and ECT hereby expressly consents to the conduct of any and all such Permitted Activities by the Enbridge Parties and agrees that, subject as hereinafter provided in this Section 6.03, nothing herein shall prevent any of the Enbridge Parties, or any of their respective officers, directors, or employees from having business interests or from engaging in any business activities whatsoever even though such business interests or activities may be similar to or competitive with the interests or activities of ECT or its affiliates or associates, or from rendering services to any other Person even though such Person may have investment or business interests similar to, or competitive with, those of ECT or its affiliates or associates; (iv) in the event that the interests of the Enbridge Parties come into material conflict with those of ECT or its affiliates or associates in respect to any matter or transaction (a “Conflict Matter”), the Manager shall give written notice to ECT briefly s...
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Other Activities and Conflict of Interest. (a) The Parties acknowledge and agree that: (i) the Administrator and its personnel shall devote as much time as is reasonably necessary for the proper discharge of the Administrative Services; (ii) the Administrator shall not be engaged in activities other than providing the Administrative Services and the Management Services; (iii) subject to subsection 6.03(b) below, Enbridge Inc. and its affiliates and associates, other than the Administrator (collectively, the “Enbridge Parties”), may be engaged in, or hereafter become engaged in, any business or activities whatsoever (the “Permitted Activities”), and such Permitted Activities may be in competition or conflict with the business carried on by, and/or the interests of, the Fund or its affiliates and associates and, for further certainty, may include (A) the provision of services, to any Persons whomsoever, which are the same as or similar to the Administrative Services,
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Related to Other Activities and Conflict of Interest

  • 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.

  • 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 POLICY 4.1. The Company, partners of the Company or other affiliated parties may have material interest, a legal relationship or arrangement concerning a specific transaction in the Trader’s Room or on the trading platform or interests, relationships, or arrangements that may be in conflict with the interests of the Client. By way of example, the Company may: - act as Principal concerning any instrument on the Company’s own account by selling to or buying the instrument from the Client; - combine the Client’s transaction with that of another Client; - buy or sell an instrument the Company recommended to the Client; - advise and provide other services to partners or other clients of the Company who may have interests in investments or underlying assets which conflict with the Client’s interests. The Client consents to and grants the Company authority to deal with or for the Client in any manner which the Company considers appropriate, notwithstanding any conflict of interest or the existence of any material interest in any transaction in the Trader’s Room or on the trading platform, without prior notification of the Client. The Company’s employees are required to comply with a policy of impartiality and to disregard any material interests or conflicts of interest when advising the Client.

  • 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 Interest Guidelines I agree to diligently adhere to the Conflict of Interest Guidelines attached as Exhibit D hereto.