Individual Risk Clause Samples
Individual Risk. The Subscriber represents and warrants that he understands the tax consequences of the transactions contemplated by this Agreement, including his purchase of Shares, and any disposition of the Shares, and acknowledges that he will be solely responsible for any and all tax liabilities payable by him in connection with the ownership of the Shares including the purchase, ownership and disposition of any of the Shares. The Subscriber acknowledges that the Company has made no representation or warranty as to the tax consequences of any of the transactions contemplated by this Agreement and the Company shall have no liability or obligation to the Subscriber with respect to any liability or obligations the Subscriber may incur as a result of such transactions.
Individual Risk. The individual risk, measured as probability of cas- ualty (PC), consists of risk posed by im- pacting inert and explosive debris, toxic release, and far field blast over- pressure. Public risk due to any other hazard associated with the proposed flight of a launch vehicle will be deter- mined on a case-by-case basis.
(i) The risk to any individual mem- ber of the public, excluding neigh- boring operations personnel, must not exceed a probability of casualty of 1 × 10¥6 per reentry.
(ii) The risk to any individual neigh- boring operations personnel must not exceed a probability of casualty of 1 × 10¥5 per reentry.