Defining risk Sample Clauses

Defining risk. The word ‘risk’ originally referred to chance in a neutral way,148 however, this word now is used to mean the chance of undesirable results,149 and “the danger or hazard of a loss” as shown in Black’s Law Dictionary.150 Similarly, aviation risk is defined as the potential for an unwanted or calculated outcome resulting from an occurrence.151 When conducting a risk assessment, ICAO uses a matrix that considers the category of probability or likelihood against the category of consequent sever- ity.152 The risk of xxxxxxx an aircraft over a conflict zone is assessed in terms of the probability against the severity of losses. This risk assessment process requires timely and accurate flight information;153 in case the risk is higher 144 Mu¨ller, Xxxxxx, Xxxxxxxxxxx Xxxx, and Xxxxxxx Xxxxxxx. Aviation Risk and Safety Manage- ment: Methods and Applications in Aviation Organizations, Springer International Publishing 2014, p. 14. 145 Xxxxx, Xxxxxxx. Aviation Safety Through the Rule of Law ICAO’s Mechanisms and Practices. Wolters Kluwer law & business 2009, p. 4. (‘Xxxxx’) 146 Annex 17, p. 1-2. 147 Xxxxx, x. 5. 148 G Xxxxxxxx, Risk and liability in air law, Informa Law 2009, p. 9. 149 ibid. 150 xxxxx://xxxxxxxxxxxxxxxx.xxx/risk/, last accessed Jan 11, 2018. 151 ICAO Doc 10084. Risk Assessment Manual for Civil Aircraft Operations Over or Near Conflict Zones, 2nd ed., 2018, p. xiii. 152 ibid. 153 Further discussion on information service is in Chapter III of this study. than an acceptable level, the authorities are advised by Xxxxx 11 to take contingency measures.154
Sample 1
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Related to Defining risk

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Force Majeure If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement through no fault of its own then such party shall give notice and full particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied upon. Upon delivering such notice, the obligation of the affected party, so far as it is affected by such Force Majeure as described, shall be suspended during the continuance of the inability then claimed but for no longer period, and such party shall endeavor to remove or overcome such inability with all reasonable dispatch. In the event that Vendor’s obligations are suspended by reason of Force Majeure, all TIPS Sales accepted prior to the Force Majeure event shall be the legal responsibility of Vendor and the terms of the TIPS Sale Supplemental Agreement shall control Vendor’s failure to fulfill for a Force Majeure event.

  • Dimensions Education Bachelor’s Degree in Computer Science, Information Systems, or other related field. Or equivalent work experience. A minimum of 3 years of IT work experience with Web-related software and hardware products, and systems administration experience with multi-platform environments.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Entire Agreement This DPA and the Service Agreement constitute the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior communications, representations, or agreements, oral or written, by the Parties relating thereto. This DPA may be amended and the observance of any provision of this DPA may be waived (either generally or in any particular instance and either retroactively or prospectively) only with the signed written consent of both Parties. Neither failure nor delay on the part of any Party in exercising any right, power, or privilege hereunder shall operate as a waiver of such right, nor shall any single or partial exercise of any such right, power, or privilege preclude any further exercise thereof or the exercise of any other right, power, or privilege.

  • General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

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