No Disqualification Clause Samples
The No Disqualification clause ensures that a party is not automatically excluded from participating in a process or agreement due to certain specified circumstances, such as prior involvement or existing relationships. In practice, this clause might allow a company to bid on a contract even if it has previously worked with the contracting party or has other business interests, provided there is no conflict of interest or breach of rules. Its core function is to prevent unnecessary or unfair exclusion, thereby promoting broader participation and competition while maintaining fairness.
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No Disqualification. No director or intended director is disqualified by his or her office from contracting with the Company either with regard to the holding of any office or place of profit the director holds with the Company or as vendor, purchaser or otherwise, and no contract or transaction entered into by or on behalf of the Company in which a director is in any way interested is liable to be voided for that reason.
No Disqualification. None of Parent, Buyer, or any Person “associated” (as such term is defined in the Investment Advisers Act) with Parent or Buyer has been convicted of any crime or is subject to any disqualification that would be a basis for denial, suspension, or revocation of registration of an investment adviser under Section 203(e) of the Investment Advisers Act or Rule 206(4)-4(b) thereunder. None of Parent, Buyer or any “associated person” of Parent or Buyer is subject to a “statutory disqualification” (as such terms are defined in the Exchange Act) or subject to a disqualification that would be a basis for censure, limitations on the activities, functions or operations of, or suspension or revocation of the registration of a broker-dealer under the Exchange Act.
No Disqualification. An employee shall not be disqualified for holiday pay if failure to work on the days immediately preceding the holiday or the workday immediately following the holiday is due to:
(a) Layoff from work when notification of such layoff occurs on the workday immediately preceding the holiday or the workday immediately following the holiday.
(b) Death in the employee’s immediate family; within the meaning of Section
No Disqualification. An Indemnitee shall not be denied indemnification in whole or in part under this Section 6.7 or otherwise by reason of the fact that the Indemnitee had an interest in the transaction with respect to which the indemnification applies if the transaction was otherwise permitted by the terms of this Agreement.
No Disqualification. Notwithstanding any other provision in this Plan, no term of this Plan relating to ISOs will be interpreted, amended or altered, nor will any discretion or authority granted under this Plan be exercised, so as to disqualify this Plan under Section 422 of the Code or, without the consent of the Participant affected, to disqualify any ISO under Section 422 of the Code.
No Disqualification. Design/Builder represents and warrants that neither it, nor any of its Subcontractors, has been debarred by the California Labor Commissioner pursuant to Section 1777.1 of the California Labor Code or otherwise.
No Disqualification. No person who now is, or who at any time within the last three years was, a director or officer of the Company is, or at any material time was, subject to any disqualification order under CA85, the Insolvency Ac▇ ▇▇▇▇ ▇r the Company Directors Disqualification Ac▇ ▇▇▇▇.
No Disqualification. 24.1 Lessor and Lessee represent and warrant that they are not disqualified under federal, state or other laws, or under the rules or regulations of any governmental department or authority, from acquiring, owning, leasing and holding any interest in real property or from obtaining any government contract.
No Disqualification. As of the date hereof, to the knowledge of Parent, there are no facts in existence that relate to the qualifications of Parent and Merger Sub which would, under applicable Law, reasonably be likely to prevent Parent from obtaining any Parent Regulatory Approval or Company Regulatory Approval taking into account the terms and conditions of this Agreement.
No Disqualification. As of the date of this MOU (a) to the knowledge of Developer: (a) neither Developer nor any of its principals or members (nor any of the individuals or entities having a direct or indirect interest in Developer's principals or members)
(1) has ever been disqualified by the Trust, the City or the State, or any agency, authority or public benefit or development corporation of either the City or the State from entering into a contract with any such entity or (2) to the extent required under applicable Vendex Disclosure Requirements, violates any of the City’s requirements under Vendex; and (b) Developer is validly formed and duly qualified to transact business in the State of New York .