Risk management contract Clause Samples
A risk management contract is a legal agreement designed to identify, assess, and allocate potential risks between parties involved in a business relationship or project. Typically, such a contract outlines specific responsibilities for managing various types of risks, such as financial, operational, or legal risks, and may include requirements for insurance coverage, reporting procedures, or mitigation strategies. By clearly defining how risks are to be handled, the contract helps prevent disputes and ensures that each party understands their obligations, ultimately promoting stability and predictability in the business arrangement.
Risk management contract. The parties acknowledge that this agreement is a “risk management contract” (as defined under the EII Act) for the purposes of the EII Act.
Risk management contract. The parties acknowledge that this agreement is a “risk management contract” (as defined under the EII Act) for the purposes of the EII Act. This agreement commences on the Signing Date and ends on the date that this agreement is terminated in accordance with clause 15 (“Default and termination”) (“Term”). Other than clause 4.4 (“Return of Initial Security”), this Part 3 (“Development and construction of Project”) commences on the Signing Date and expires on the Commercial Operations Date.
Risk management contract. The parties acknowledge that this agreement is a “risk management contract” (as defined under the EII Act) for the purposes of the EII Act. This agreement commences on the Signing Date and ends on the date that is the earlier of:
(a) the date upon which this agreement is terminated in accordance with clause 15 (“Default and termination”) (“Term”).; and
(b) the Final Annuity Product End Date, (the “Term”). Other than clause 4.4 (“Return of Initial Security”), this Part 3 (“Development and construction of Project”) commences on the Signing Date and expires on the Commercial Operations Date.