Conflict Situation definition

Conflict Situation means any situation or matter (other than one which cannot reasonably be regarded as likely to give rise to a conflict of interest) in which any director has or could have a direct or indirect interest that conflicts, or possibly might conflict, with the interests of the company including (without limitation) any such situation or matter which relates to the exploitation of any property, information or opportunity (irrespective of whether the company could take advantage of the property, information or opportunity);

Conflict Situation means a situation in which a director has, or can have, a direct or indirect interest that conflicts, or possibly may conflict, with the interests of the company (including a conflict of interest);

Conflict Situation has the meaning given to it in clause 5.13 (Director's power to authorise conflict situations); Counterparty has the meaning given to it in clause 5.17(a) (Director's power to authorise conflict situations); Data Protection Laws means Regulation (EU) 2016/679 (General Data Protection Regulation), as supplemented by the Data Protection Act 2018; Data Sheet means the document in the Agreed Form containing details about the Company and the Project Co including, inter alia, subscriptions by the parties for Shares and details of any Shareholder Debt advanced to the Company, Directors details and other administrative matters; Deed of Adherence means a deed in substantially the same form as the draft set out at Schedule 4 (Deed of Adherence);

Examples of Conflict Situation in a sentence

• The directors shall be entitled, for the purposes of section 175 of the Act, to authorise (by way of resolution to that effect) any Conflict Situation that may arise (such that the duty of the director concerned, under that section, to avoid conflicts of interest is not infringed) and to amend or vary any such authorisation; the directors may give such authorisation subject to such terms and conditions as they may consider appropriate and reasonable in the circumstances.

• Any Conflict Authorisation shall extend to any actual or possible conflict of interest which may reasonably be expected to arise out of the Conflict Situation so authorised.

• For the purposes of section 175 of the Companies Act 2006, as amended, consolidated or re-enacted from time to time (the 2006 Act), the directors shall have the power to authorise any relationship, situation or other matter which would or might otherwise constitute or give rise to a breach by a director of the duty to avoid conflicts of interest set out in that section of the 2006 Act (a Conflict Situation).

• No director shall be in breach of the duty to avoid conflicts of interest in section 175 of the Act as a result of, and no authorisation is required in respect of, any Conflict Situation envisaged by article 17.2 having arisen or existing in relation to him.

• Proposers should continue to evaluate for itself, and the Proposer’s Key Personnel, subcontractors and any other individuals associated with their Proposal should evaluate for themselves whether they have a Conflict Situation.

More Definitions of Conflict Situation

Conflict Situation means a situation in which a director or an alternate has, or can have, a direct or indirect interest that conflicts, or possibly may conflict, with the interests of the Company:

Conflict Situation means (a) any Related Party Transaction, (b) any fixing of compensation of Directors or Officers, and (c) any situation, transaction or arrangement actually or potentially presenting a conflict, or the appearance of a conflict, between the private interests and the responsibilities to the Company of a Director, Officer, or Key Employee. Conflict Situations include, without limitation, the following:

Conflict Situation means a situation in which a Director has, or can have, a direct or indirect interest that conflicts, or possibly may conflict, with the interests of the Company (including a conflict of interest); and a Conflict Situation is "Material" unless it cannot reasonably be regarded as likely to give rise to a conflict of interest.

Conflict Situation means any situation or matter (other than one which cannot reasonably be regarded as likely to give rise to a conflict of interest) in which any director has or could have a direct or indirect

Conflict Situation has the meaning given to it in clause 5.13 (Director's power to authorise conflict situations); Counterparty has the meaning given to it in clause 5.17(a) (Director's power to authorise conflict situations); Data Protection Laws has the meaning given to it in the Authority Project Agreement; Data Sheet means the document in the Agreed Form containing details about the Company and the Project Co including, inter alia, subscriptions by the parties for Shares and details of any Shareholder Debt advanced to the Company, Directors details and other administrative matters; Deed of Adherence means a deed in substantially the same form as the draft set out at Schedule 4 (Deed of Adherence); Deemed Transfer Notice has the meaning given to it in the Hold Co Articles;

Conflict Situation has the meaning given to it in Article 34.2 (Directors' Conflicts of Interest); Counterparty has the meaning given to it in Article 34.6(a) (Directors' Conflicts of Interest); Credited as Paid Up means amounts paid up or credited as paid up on a Share including both the nominal value and any share premium; Deed of Adherence means a deed of adherence to, and in the form required by, the Shareholders' Agreement; Deemed Sale Price means the price to be paid for the Deemed Sale Shares and (if applicable) Defaulting Shareholder Debt in accordance with Articles 15 (Deemed Sale Price) and 18.1 and

Conflict Situation means a direct or indirect interest as specified in Rule