Restrictions on Identity of Interest Relationships Sample Clauses

The "Restrictions on Identity of Interest Relationships" clause limits or prohibits certain business or personal relationships between parties involved in a contract, particularly where conflicts of interest may arise. Typically, this clause applies to situations where individuals or entities on both sides of a transaction have overlapping ownership, management, or familial ties, and may require disclosure or outright bar such relationships. Its core function is to prevent self-dealing, ensure impartiality, and protect the integrity of the contractual arrangement by reducing the risk of biased decision-making or unfair advantage.
Restrictions on Identity of Interest Relationships. Owner hereby acknowledges that in order to comply with the Program’ and LHC’s rules and regulations under the Loan Agreement, it must and does hereby covenant and agree that Owner shall notify LHC in writing prior to contracting with any Identity of Interest entity (other than as previously disclosed to LHC in writing), and Owner must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, LHC will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Owner and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If LHC approves any existing contract that does not provide for subsequent cancellation, Owner agrees, upon LHC’s request, to cause the contract to be modified to provide for cancellation.
View SourceView Similar (4)
Restrictions on Identity of Interest Relationships. Owner hereby acknowledges that in order to comply with the Program and ▇▇▇▇▇▇▇’s rules and regulations thereunder, it must and does hereby covenant and agree that Owner shall notify Grantee in writing prior to contracting with any Identity of Interest entity, and Owner must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, Grantee will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Owner and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If Grantee approves any existing contract that does not provide for subsequent cancellation such approval shall automatically be conditioned on Owner’s agreement to promptly cause the contract to be modified to provide for cancellation.
View SourceView Similar (2)
Restrictions on Identity of Interest Relationships. In order to protect LHC’s interest in future Surplus Cash, the Borrower must notify LHC in writing prior to contracting with any Identity of Interest entity, and the Borrower must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, LHC will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Borrower and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If LHC approves any existing contract that does not provide for subsequent cancellation, Borrower agrees, upon LHC’s request, to cause the contract to be modified to provide for cancellation. All current contracts with Identity of Interest entities are identified on Schedule 3.1, attached hereto.
View SourceView Similar (2)
Restrictions on Identity of Interest Relationships. The Borrower must notify LHC in writing prior to contracting with any Identity of Interest entity, and the Borrower must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, LHC will have the right, in its sole but reasonable discretion, during the term hereof, to require the cancellation of any contract between the Borrower and any Identity of Interest entity. If LHC approves any other Identity of Interest existing contract that does not provide for subsequent cancellation, Borrower agrees, upon LHC’s request, to cause the contract to be modified to provide for cancellation. All current contracts with Identity of Interest entities are identified on Schedule 2.1, attached hereto. Notwithstanding the foregoing, no Identity of Interest relationship may exist between Borrower and any lender providing secured financing to the Project unless Borrower has received the prior written consent of LHC.
View Source
Restrictions on Identity of Interest Relationships. If Owner has executed a Loan Agreement in connection with the Program, Owner hereby acknowledges that in order to comply with the Program and OCD’s rules and regulations thereunder, it must and does hereby covenant and agree that Owner shall notify OCD in writing prior to contracting with any Identity of Interest entity, and Owner must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, OCD will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Owner and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If OCD approves any existing contract that does not provide for subsequent cancellation, Owner agrees, upon OCD’s request, to cause the contract to be modified to provide for cancellation.
View Source
Restrictions on Identity of Interest Relationships. The Borrower must notify LHC in writing prior to contracting with any Identity of Interest entity, and the Borrower must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, LHC will have the right, in its sole but reasonable discretion, during the term hereof, to require
View Source
Restrictions on Identity of Interest Relationships. In order to protect OCD’s interest in future Surplus Cash, the Borrower must notify OCD in writing prior to contracting with any Identity of Interest entity, and the Borrower must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, OCD will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Borrower and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If OCD approves any existing contract that does not provide for subsequent cancellation, Borrower agrees, upon OCD’s request, to cause the contract to be modified to provide for cancellation. All current contracts with Identity of Interest entities are identified on Schedule 1.2(h), attached hereto.
View Source

Related to Restrictions on Identity of Interest Relationships

  • Restrictions on Nature of Business The Borrower will not engage in any line of business materially different from that presently engaged in by the Borrower and will not purchase, lease or otherwise acquire assets not related to its business.

  • Restrictions on Testing If the Engineer will perform commercial laboratory testing under this contract, on any project the Engineer may not perform more than one of the following types of testing: 1. verification testing; 2. quality control testing; or 3. independent assurance testing

  • Restrictions on U.S Transfers. Transfers of interests in the Regulation S Global Security to U.S. persons (as defined in Regulation S) shall be limited to transfers made pursuant to the provisions of Section 3.03(h)(C).

  • Restrictions on Lobbying The subrecipient shall not use funds made available to it under this Agreement to pay for, influence, or seek to influence any officer or employee of a State or Federal government.

  • Restrictions on Investments The Borrower will not, and will not --------------------------- permit any of its Subsidiaries to, make or permit to exist or to remain outstanding any Investment except Investments in: (a) marketable direct or guaranteed obligations of the United States of America and its agencies that mature within five (5) years from the date of purchase by the Borrower; (b) demand deposits, certificates of deposit, bankers acceptances and time deposits of United States banks having total assets in excess of $1,000,000,000; (c) securities commonly known as "commercial paper" issued by a corporation organized and existing under the laws of the United States of America or any state thereof that at the time of purchase have been rated and the ratings for which are not less than "P 1" if rated by ▇▇▇▇▇'▇ Investors Services, Inc., and not less than "A 1" if rated by Standard and Poor's; (d) Investments existing on the date hereof and listed on Schedule 7.3 hereto; -------- --- (e) Investments with respect to Indebtedness permitted by (S)7.1(g); (f) Investments by the Borrower in Subsidiaries; (g) Investments consisting of loans and advances to employees for moving, entertainment, travel and other similar expenses in the ordinary course of business not to exceed $3,000,000 in the aggregate at any time outstanding; (h) Obligations of a State, Territory or a possession of the United States of America, or any political subdivision of any of the foregoing, or of the District of Columbia, the interest on which is exempt from federal income taxation under Section 103(a)(1) of the Internal Revenue Code of 1986, as amended, which at the time of purchase have been rated "M1G1", if rated by ▇▇▇▇▇'▇ Investor Services, Inc. and not less than "A-1" or "SP-1", if rated by Standard and Poor's and which mature within one year from the date of issue; (i) Repurchase agreements secured by any one or more of the Investments in which the Company is permitted to invest in pursuant to this (S)7.3(a), (b) and (c); (j) Corporate and mortgage-backed securities having a maturity of not more than five years and which at the time of purchase have been rated, and the ratings for which are not less than "A" if rated by Standard and Poor's or its equivalent if rated by any other rating agency; (k) Investments in joint ventures, partnerships and corporations that are engaged in the health care, health insurance and health care information technology industries; and (l) Investments in any mutual or other similar fund which invests exclusively in any of the Investments described above in (S)7.3.