Common use of Ethical Wall Clause in Contracts

Ethical Wall. The Administrator must provide, within two weeks of the Effective Date, and thereafter maintain, an information barrier policy acceptable to the Managing Member designed, at a minimum, to ensure that (a) personnel assigned to the services are adequately segregated from personnel involved with the Administrator’s other activities that might be in conflict with the duty the Administrator owes to LLC or the Managing Member under this 608463 Agreement, and (b) any information related to the services is not shared with personnel involved in activities that might be in conflict with the Administrator’s duty to Managing Member under this Agreement without appropriate vetting and controls being put in place by the Administrator’s Legal and Compliance Departments.