Equality and conflicts of interest Sample Clauses
The 'Equality and conflicts of interest' clause is designed to ensure fair treatment of all parties and to prevent situations where personal interests could improperly influence decisions or actions. In practice, this clause typically requires parties to disclose any relationships or circumstances that might create a conflict of interest, and may prohibit discriminatory behavior based on protected characteristics such as race, gender, or religion. Its core function is to promote transparency, maintain impartiality, and uphold ethical standards, thereby reducing the risk of biased decision-making and fostering trust among all involved parties.
Equality and conflicts of interest. (a) The Bond Trustee shall not make decisions which will give certain Bondholders an unreasonable advantage at the expense of other Bondholders. The Bond Trustee shall, when acting pursuant to the Finance Documents, act with regard only to the interests of the Bondholders and shall not be required to have regard to the interests or to act upon or comply with any direction or request of any other person, other than as explicitly stated in the Finance Documents.
(b) The Bond Trustee may act as agent, trustee, representative and/or security agent for several bond issues relating to the Issuer notwithstanding potential conflicts of interest. The Bond Trustee is entitled to delegate its duties to other professional parties.
Equality and conflicts of interest. (a) The VPS Trustee shall not make decisions which will give certain VPS Noteholders an unreasonable advantage at the expense of other VPS Noteholders. The VPS Trustee shall, when acting pursuant to this Agreement and the VPS Conditions, act with regard only to the interests of the VPS Noteholders and shall not be required to have regard to the interests or to act upon or comply with any direction or request of any other person, other than as explicitly stated in this Agreement or the VPS Conditions.
(b) The VPS Trustee may act as agent, trustee, representative and/or security agent for several bond issues relating to the Issuer notwithstanding potential conflicts of interest. The VPS Trustee is entitled to delegate its duties to other professional parties.