Risk Coverage. The Governing Board shall assure that appropriate coverage is in place for the benefit of the REA and public school district voting Members regarding property and casualty risks and any statutorily required coverage such as unemployment compensation and workers compensation.
Risk Coverage. The Ex-Im Bank Guarantee coverage will be a Comprehensive Foreign Currency Guarantee (coverage of commercial risk and political risk) – Finance Lease. [This may only be requested if the Lessor and Ex-Im Bank have entered into an MGA Finance Lease Foreign Currency Supplement]
Risk Coverage. The Investor shall wholly be responsible for and to indemnify the Authority against any loss, damage or injury caused to any person or any property, whether directly or indirectly, by the defective or damaged condition of any part of the interior of the allocated premises or any fittings, fixtures or wiring therein or through or in any way owing to the spread of fire or smoke or the overflow of water from the allocated premises or any part thereof due to the act, default or neglect of the Investor, its employees, agents, licensees or customers.
Risk Coverage. The risk coverage cash payment referred to in Article 15 is payment for the coverage agreement issued by the Authority to each Participating Agency for the risk coverage specified in the coverage agreement. The board may, but is not required to, use standard form policies utilized in the market for comprehensive general and automobile liability, property, workers' compensation and other coverages as authorized by the board. The scope of property, liability, workers' compensation, and other coverages in the pool shall be determined by the board as specified in the Authority's ByLaws, policy statements, or coverage agreement. The Participating Agency shall, upon request of the Authority, furnish whatever necessary demographic or other information including but not limited to annual payroll, building and property values, number and type of vehicles, miles of roadway and sidewalk, etc., necessary for the Authority, a broker, or insurance company to determine the proper cash payment for coverage. Each Participating Agency by the act of paying the risk coverage charge accepts the risk coverage provided by the coverage agreement.
Risk Coverage. 1 The Ex-Im Bank Guarantee coverage will be [choose one]: a Comprehensive Guarantee (coverage of commercial risk and political risk) - Buyer Credit; or a Comprehensive Guarantee (coverage of commercial risk and political risk) - Supplier Credit [this may only be requested if the Lender and Ex-Im Bank have entered into an MGA Supplier Credit Supplement]; or 1 If the Lender wishes to request a Comprehensive Guarantee of a Foreign Currency Credit, the Lender must sign an MGA Foreign Currency Supplement and submit a Form of Request for Ex-Im Bank Approval (Annex A to the MGA Foreign Currency Supplement).
Risk Coverage. The Ex-Im Bank Guarantee coverage will be [choose one]1: a Comprehensive Guarantee (coverage of commercial risk and political risk) - Buyer Credit; or a Political Risk Guarantee (coverage limited to political risk) - Buyer Credit [this may only be requested if the Lender and Ex-Im Bank have entered into an MGA Political Risk Supplement].
1 If the Lender wishes to request a Comprehensive Guarantee for a Foreign Currency Credit, then the Lender must sign an MGA Foreign Currency Supplement and submit a Form of Request for Ex-Im Bank Approval in the form of Annex A to the MGA Foreign Currency Supplement.
Risk Coverage. 3.1 Bank and the Service Provider reserve the right to ask for a Rolling Reserve and/ or financial guarantees to be held by the Service Provider as a Merchant reserve equivalent to a percentage of the Merchant transaction volume as highlighted in Schedule 1 of this Agreement. The Rolling Reserve amount and/ or financial guarantees would be held from a certain point of time/date for a specific number of days to be defined by the Bank and/or the Service Provider.
3.2 The Rolling Reserve and/ or financial guarantees will be automatically adjusted against the Merchant daily payment settlement figures to maintain the reserve equivalent as highlighted in Schedule 1
3.3 The Service Provider and the Bank will use this Rolling Reserve and/ or financial guarantees of Merchant to settle any financial liability or amount enforced by the Card Association or a Law Enforcement Authority, that were charged due to any issue related to the Merchant, Merchant Website, or the Merchant Transactions. The service provider’s right to hold funds as a Reserve, including the rolling reserve or any settlement on payment volume prior to termination date that we may hold as a reserve for the purpose of establishing, increasing or maintaining a satisfactory Reserve, shall survive the termination of this Agreement for a minimum period of 7 months or longer after the termination date, or the date of your last transaction depending on your product and business practices. Service Provider, may without notice to Merchant, apply funds held as Reserve against any outstanding amounts Merchant owes Service Provider under this agreement or any other agreement between Merchant and Service Provider. Service Provider may also utilize the Reserve to collect any amounts due to us including without limitation, rights of set-off and recoupment. Any balance that remains of the funds held as a Reserve will be returned to you unless the funds are subject to an investigation or from fraudulent transactions. Unless expressly agreed to in writing the funds held in Reserve will not bear interest.
Risk Coverage. The Ex-Im Bank Guarantee coverage will be: a Political Risk Guarantee (coverage limited to political risk) - Buyer Credit [this may only be requested if the Lender and Ex-Im Bank have entered into an MGA (Long Term Political Risk Guarantees).
Risk Coverage. Insurance provides risk coverage to the insured family in form of monetary compensation in lieu of premium paid.
Risk Coverage. 2 The Ex-Im Bank Guarantee coverage will be a Comprehensive Guarantee (coverage of commercial risk and political risk).
