Interested Contracts Sample Clauses
The 'Interested Contracts' clause defines how a party's involvement in contracts where they have a personal or financial interest is managed within an agreement. Typically, this clause outlines the disclosure requirements for any such interests and may specify procedures for approval or abstention from decision-making to prevent conflicts of interest. Its core function is to ensure transparency and integrity in contractual dealings by addressing potential conflicts and protecting the interests of all parties involved.
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Interested Contracts payment by the Company, by an Associated Corporation, or by any corporation otherwise related to the Company, to the Nominee or to any firm of which the Nominee is a partner, associate or employee, of any fees for services rendered;
Interested Contracts. Payment by the Parent Company or by any person affiliated with or otherwise related to the Parent Company to the Appointee or to any firm of which the Appointee is a partner, associate, director, officer or employee, of any fees for services rendered; or
Interested Contracts. 54 SECTION 5.21
Interested Contracts. No contract or transaction between the Corporation and one or more of its directors or officers, or between the Corporation and any other corporation, firm association, or entity in which one or more of its directors are directors or officers or are financially interested, shall be void or voidable solely for this reason, or solely because such directors are present at the meeting of the Board of Directors or a committee thereof which authorizes, approves or ratifies such contract or transactions or solely because their votes are counted for such purpose if (i) the material facts of such relationship or interest and as to the contract or transaction are disclosed or known to the Board of Directors or committee, and the Board of Directors or the committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even through the disinterested directors be less than a quorum; or (ii) the material facts of such relationship or interest and as to the contract or transaction are disclosed or known to the shareholders entitled to vote, and the contract or transaction is specifically approved in good faith by the vote of the shareholders; or (iii) the contract or transaction is fair and reasonable to the Corporation as of the time it is authorized, approved or ratified, by the Board of Directors, a committee thereof or the stockholders. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or a committee thereof which authorizes, approves, or ratifies such contract or transaction.
Interested Contracts. Payment by the Corporation, or by any Related Entity, to the Indemnified Person or to any firm of which the Indemnified Person is a partner, associate or employee, of any fees for property transferred or services rendered;
Interested Contracts. As soon as practicable following the date hereof, but in no event later than seven days prior to the Closing Date, Megsinet and the Significant Stockholders shall take all actions necessary to amend the terms of any agreement or other instrument between Megsinet and Capital Internet, L.L.C. or any other entity controlled by any Megsinet officer or director or shareholder (including such persons) such that the terms of any such agreements or instruments are revised, to the satisfaction of CoreComm, to eliminate any conflict of interest or preferential treatment that might create a conflict of interest.
Interested Contracts. No director shall be disqualified by his office from contracting with the Company either as vendor, purchaser, or otherwise, nor shall any such contract, or any contract or arrangement entered into or proposed to be entered into by or on behalf of the Company in which any director shall be in any way interested, either directly or indirectly, be voided, nor shall any director so contracting or being so interested be liable to account to the Company for any profit realized by any such contract or arrangement by reason only of such director holding that office or of the fiduciary relations thereby established; but it is declared that the nature of his interest must be declared by him in the manner required by the Act. No director shall as a director vote in respect of any contract or arrangement in which he is so interested as aforesaid, and if he does so vote, his vote shall not be counted, but this prohibition may at any time or times be suspended or relaxed to any extent by a general meeting, and such prohibition shall not apply to any contract by or on behalf of the Company to give to the directors or any of them any security for advances or by way of indemnity or to the agreement or agreements referred to in Article 3 of these Articles or to any modification of such agreement or agreements or any agreement or agreements substituted therefor or any matter arising therefrom.