Inurement, definition

Inurement, as used in this COI Policy, shall mean: (i) a transaction in which the ANA provides an economic benefit, directly or indirectly, to or for the use of any Covered Person where the value of that economic benefit exceeds the value of the consideration (including the performance of services) that the ANA receives in exchange; or (ii) any transaction or arrangement by or through which a Covered Person receives a direct or indirect distribution of the ANA’s funds (other than payment of fair market value for property or the right to use property and reasonable compensation for services).
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Inurement, as used in this COI Policy, shall mean: (i) a transaction in which ICANN provides an economic benefit, directly or indirectly, to or for the use of any
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Inurement,. This agreement shall inure to the benefit of and shall be binding upon all of the parties hereto and their respective heirs, executors, administrators, personal representatives, successors and assigns.
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Examples of Inurement, in a sentence

  • INUREMENT; ASSIGNMENT...............................................9 17.

  • INUREMENT.........................................................

  • ASSIGNMENT AND INUREMENT 15 16.1 Assignment 15 16.2 Inurement 16 17.

  • Article XI - TRIA INUREMENT As respects any "insured loss", as defined in the Terrorism Risk Insurance Act of 2002 as subsequently amended ("the Act"), for which the Reinsurer makes a payment to the Company under this Agreement, the following provisions shall apply.

  • INUREMENT........................................................


More Definitions of Inurement,

Inurement, means impermissible private benefit to a Director or a party related to a Director.
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Inurement, as used in this COI Policy, shall mean: a transaction in which DS provides an economic benefit, directly or indirectly, to or for the use of any Covered Person where the value of that economic benefit exceeds the value of the consideration (including the performance of services) that DS receives in exchange.
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Inurement, as used in this COI Policy, shall mean: (a) a transaction in which PTI provides an economic benefit, directly or indirectly, to or for the use of any Covered Person where the value of that economic benefit exceeds the value
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Inurement, means enriching a church leader, such as a member or church board member. “Enriching” means the church is providing a benefit, good, or service, for less than its fair market value to someone or the church is paying more than fair market value for a benefit for a good, or service that is buys. For example, in the context of this policy, inurement occurs when the church allows a church leader to use the
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Related to Inurement,

  • Energy efficiency means the ratio of output of performance, service, goods or energy, to input of energy;

  • Continuous parameter monitoring system or "CPMS" means all of the equipment necessary to meet the data acquisition and availability requirements of this chapter, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, oxygen or carbon dioxide concentrations), and to record average operational parameter value on a continuous basis.

  • Competencies means powers given to a public authority in respect of a specific activity which is key to ensuring the provision of a public service and includes powers of planning, regulating, setting standards, constructing, financing, managing, monitoring and evaluating, sanctioning or intervening in any way to ensure that a function is discharged;

  • Project Management Unit or “PMU” means the Recipient’s management and Implementation unit referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • Payment Infrastructure Provider means a payments clearance system or other third party which forms part of a payment system infrastructure, including without limitation communications, clearing or payment systems and intermediary banks or correspondent banks who are not agents of the Service Provider;

  • Service Level Agreement or SLA means the processes, deliverables, key performance indicators and performance standards relating to the Services to be provided by the Service Provider;