Risk Management Arrangements Clause Samples

Risk Management Arrangements. 9.1 In line with Scottish Government guidance and expectations, we have developed a Community Planning SOA, which encompasses the priorities of the area as set out in our Community Plan, whilst contributing to the achievement of expected national outcomes. 9.2 There is a potential risk for all Councils and Community Planning Partnerships, inherent in establishing a new framework, that the SOA being devised will not suitably balance the achievement of local and national priorities. Fundamental to the SOA process, therefore, is the shared commitment from the Scottish Government, East Ayrshire Council and its Community Planning Partners that the SOA will be developed over time. 9.3 The identification of local outcomes and associated activity to address local need in East Ayrshire, within the context of the 15 National Outcomes, is integral to the development process for the SOA. 9.4 Within East Ayrshire, our commitment to joint working and the effectiveness of our systems for developing jointly agreed priorities are evidenced in a range of independent audit and inspection reports. We are confident, therefore, that we have done everything possible at this stage in the process to mitigate risk.

Risk Management Arrangements. All material interest rate swaps, caps, floors, option agreements, futures and forward contracts and other similar risk management arrangements, whether entered into for Northwest Bancshares’s own account, or for the account of one or more of Northwest Bancshares’s Subsidiaries or their customers, were in all material respects entered into in compliance with all applicable laws, rules, regulations and regulatory policies, and to the Knowledge of Northwest Bancshares, with counterparties believed to be financially responsible at the time; and each of them constitutes the valid and legally binding obligation of Northwest Bancshares or such Northwest Bancshares Subsidiary, enforceable in accordance with its terms (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general equity principles), and is in full force and effect. Neither Northwest Bancshares nor any Northwest Bancshares Subsidiary, nor to the Knowledge of Northwest Bancshares any other party thereto, is in breach of any of its obligations under any such agreement or arrangement in any material respect.

Risk Management Arrangements. 10.1 In line with Scottish Government guidance and expectations, we have developed a Community Planning SOA, which encompasses the priorities of the area as set out in our Community Plan, whilst contributing to the achievement of expected national outcomes. 10.2 There is a potential risk for all Councils and Community Planning Partnerships, inherent in establishing a new framework, that the SOA being devised will not suitably balance the achievement of local and national priorities. Fundamental to the SOA process, therefore, is the shared commitment from the Scottish Government, East Ayrshire Council and its Community Planning Partners that the SOA will be developed over time. 10.3 The identification of local outcomes and associated activity to address local need in East Ayrshire, within the context of the 15 National Outcomes, is integral to the development process for the SOA. 10.4 Within East Ayrshire, our commitment to joint working and the effectiveness of our systems for developing jointly agreed priorities are evidenced in a range of independent audit and inspection reports. We are confident, therefore, that we have done everything possible at this stage in the process to mitigate risk. 10.5 Identified and potential risks (refer to Table 2) arising from our updated SOA have been taken forward into our Community Planning Risk Register. The Register highlights issues to be addressed by Planning Partners and is a standing agenda item at CPP Board and Joint Officers’ Group meetings. 10.6 In partnership with the Scottish Government, we can combine our efforts to manage risks reasonably and responsibly, and provide overall added value by balancing risks, costs and benefits – all focused and limited to the real risks faced by all parties to the SOA. 1. That only the Council is accountable for delivering outcomes to service users. The Scottish Government needs to help Council and Partners deliver the SOA’s outcomes. 2. ‘Creeping’ levels of Council / Partner accountability around the SOA. We will monitor and guard against this risk. On SOA Financial Aspects: 3. The Council’s and Partner Agencies’ funding packages are inadequate to deliver the Concordat’s ‘12 specified set of commitments’ (many are uncosted). We need to cost and consider the full implementation of the Concordat specified set of commitments. There may require to be re-prioritisation and re-alignment. 4. The Council’s and Partners Agencies’ ability to continue to provide sustainable services in...

Risk Management Arrangements. In line with their overall role to provide strategic decision-making, leadership, and oversight for the joint services the Joint Committee will establish a monitoring and management in relation to risk and issue management and escalation, and co-ordinating the approach to intervention with providers where there are quality or contractual issues. This will include feeding back to individual ICBs for consideration of any impact on their own risk management arrangements.

Risk Management Arrangements. All material interest rate swaps, caps, floors, option agreements, futures and forward contracts and other similar risk management arrangements, whether entered into for Cape Bancorp’s own account, or for the account of one or more of Cape Bancorp’s Subsidiaries or their customers, were in all material respects entered into in compliance with all applicable laws, rules, regulations and regulatory policies, and to the Knowledge of Cape Bancorp, with counterparties believed to be financially responsible at the time; and each of them constitutes the valid and legally binding obligation of Cape Bancorp or such Cape Bancorp Subsidiary, enforceable in accordance with its terms (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general equity principles), and is in full force and effect. Neither Cape Bancorp nor any Cape Bancorp Subsidiary, nor to the Knowledge of Cape Bancorp any other party thereto, is in breach of any of its obligations under any such agreement or arrangement in any material respect.

Risk Management Arrangements. All material interest rate swaps, caps, floors, option agreements, futures and forward contracts and other similar risk management arrangements, whether entered into for MainSource’s own account, or for the account of one or more of MainSource’s Subsidiaries or their customers, were in all material respects entered into in compliance with all applicable laws, rules, regulations and regulatory policies, and to the Knowledge of MainSource and each MainSource Subsidiary, with counterparties believed to be financially responsible at the time; and to the Knowledge of MainSource and the applicable MainSource Subsidiary, each of them constitutes the valid and legally binding obligation of MainSource or such MainSource Subsidiary, enforceable in accordance with its terms (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general equity principles), and is in full force and effect. Neither MainSource nor any MainSource Subsidiary, nor to the Knowledge of MainSource any other party thereto, is in breach of any of its obligations under any such agreement or arrangement in any material respect.

Risk Management Arrangements. It is recognized that LCSC is a cooperative of which Client is a member, and which is providing the Service as a function which otherwise would be provided by Client employees. The parties recognize that LCSC's liability for claims relating to the Service should be limited to any available insurance coverage and in any event to an amount not exceedingcertain Service payments made, within the limits in this Section. The following arrangements are in furtherance of the foregoing:

Risk Management Arrangements. The risk management arrangements specifically for the LSP are not yet well developed, although each of the partners within the LSP has its own risk management arrangements in place.