Pass Through Provisions. In addition to binding Borrower, the following provisions shall be included in all contracts between Borrower and any other contractor related to the project, and shall bind all such other contractors. CONFLICT OF INTEREST: Borrower agrees to comply with the requirements of Section VII(B) of Attachment D to the Grant Agreement, and Agency Procedures, Chapter 9 and Chapter 10, Section 10.3 In addition, in order to avoid a conflict of interest or the appearance of undue influence, if any officer of Borrower or a member of Borrower’s Board of Directors is employed by Grantee or holds an elective or appointive municipal office in Grantee, such person shall not participate in any discussions regarding, attend any public hearing concerning, vote upon or take any action with respect to any matter involving this Agreement or the Project for the longer period of: from the date of execution of this Agreement until five years after the Completion Date set forth in the Grant Agreement, or during a person’s tenure with Grantee and for one year thereafter. No person described in paragraph 1 of this section, or any person with whom such a person has family or business ties, may participate in a decision-making process or gain inside information with regard to the activities funded by VCDP, obtain a financial interest in or benefit from the activity, or have an interest in any contract, subcontract or agreement with respect thereto, or the proceeds thereunder, for the applicable time period set forth in paragraph 1.
Appears in 2 contracts
Sources: Loan and Security Agreement, Loan and Security Agreement