Credit Risks. Credit risk is the risk that a counterparty (including SFP) may fail to perform its obligations to the Customer when due. The Customer should also familiarise itself with the protection accorded to any money or other property which it deposits for domestic and foreign transactions, particularly in a firm’s insolvency or bankruptcy. The extent to which the Customer may recover its money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as its own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.
Credit Risks. We may not always be your contractual counterparty or the issuer under certain transactions. Where we are not your contractual counter party or the issuer, your contractual counter party or a third party issuer, and not us, will be liable to you under the transaction or otherwise in respect of a product purchased by you. Accordingly, in considering whether to enter into such transaction, you should take into account all risks associated with such counter party or third party issuer, including the counter party’s or issuer’s financial standing. Certain transactions also involve the assumption by you of credit risks that you should ensure that you are able to evaluate.
Credit Risks. (a) GSI’s businesses, profitability and liquiditymay be adverselyaffected by deterioration in the credit qualityof or defaults by third parties GSI is exposed to the risk that third parties who owe money, securities or other assets will not perform their obligations. These parties may default on their obligations to GSI due to bankruptcy, lack of liquidity, operational failure or other reasons. A failure of a significant market participant, or even concerns about a default by such an institution, could lead to significant liquidity problems, losses or defaults by other institutions, which in turn could adversely affect GSI. GSI is also subject to the risk that its rights against third parties may not be enforceable in all circumstances. In addition, deterioration in the credit quality of third parties whose securities or obligations are held by GSI, including a deterioration in the va xxx of collateral posted by third parties to secure their obligations to GSI under derivatives contracts and loan agreements, could result in losses and/or a dversely affect GSI's ability to rehypothecate or otherwise use those securities or obligations for liquidity purposes. A significant downgrade in the credit ratings of GSI's counterparties could also have a negative impact on GSI's results. While in many cases GSI is permitted to require additional collateral from counterparties that experience financial difficulty, disputes may arise as to the amount of collateral GSI is entitled to receive and the value of pledged assets. The termination of contracts and the foreclosure on collateral may subject GSI to claims for the improper exercise of its rights. Default rates, downgrades and disputes with counterparties as to the valuation of collateral typically increase significantly in times of market stress, increased volatility and illiquidity.
Credit Risks. Concessionaire may at its own risk accept credit cards (except American Express), travelers checks or personal checks from its customers (including officers, staff and crew of the Vessel). All cash sales will be made in United States currency for any of its customers. All requests for exchange of foreign currency will be referred to the Vessel's Pursxx. Xxbject to the last sentence, Concessionaire shall bear the risk that it may receive counterfeit money and invalid credit card charges from its customers, which amounts, however, shall be excluded from Gross Receipts as provided in Section 5(a) below at such time as such status can be documented to CCL. Adjustments to monies owed are to be made as soon as practical to reflect the proper account balance between the parties. CCL shall bear all collection risks associated with changes made to the shipboard accounts pursuant to the Sail & Sign Program. ] and is subject to an annual adjustment. The processing fee will be adjusted upward or downward in an amount equal to any changes in CCL's annual adjustments (made on or around May 1 of each year) to its current shipboard account discount fee. Any such adjustments will be consistent with the discount fee charged for shipboard accounts on luxury ships of similar size.
Credit Risks. Loss resulting directly or indirectly from the complete or partial non-payment of or default upon any Credit Arrangement or Loss caused by Forgery or the Fraudulent Alteration of assets received by the Insured in purported payment for property sold and delivered on credit unless such Loss is covered under Insurance Cover 1(i) or 1(ii).
Credit Risks. The Company may not always be the Client’s contractual counterparty or the issuer under certain transactions. Where the Company is not the Client’s contractual counterparty or the issuer, the Client’s contractual counterparty or a third party issuer, and not the Company, will be liable to the Client under the transaction or otherwise in respect of a product purchased by the Client. Accordingly, in considering whether to enter into such transaction, the Client should take into account all risks associated with such counterparty or third party issuer, including the counterparty’s or issuer’s financial standing. Certain transactions also involve the assumption by the Client of credit risks which the Client should ensure that the Client is able to evaluate.
Credit Risks. The Issuer makes no representation as to the credit quality of the Borrower under the Underlying Loan or of Blockstream Mining under the Hash Rate Contract.
