Common use of Credit Risk Management Clause in Contracts

Credit Risk Management. Credit risk refers to the risk that a party will default on its contractual obligations resulting in a financial loss to Quiport. As a means of mitigating the risk of financial loss from defaults, Quiport requests guarantees, when appropriate, from commercial customers that operate and/or lease airport facilities. Management diligently monitors potential events that could affect customer risk.

Credit Risk Management. Credit risk refers to the risk that a party will default on its contractual obligations resulting in a financial loss to Quiport. As a means of mitigating the risk of financial loss from defaults, Quiport requests solicits guarantees, when appropriate, from commercial customers that operate and/or lease airport facilities. Management diligently monitors potential events that could affect customer risk.