Risk Management Policy. The Borrower has duly adopted, in accordance with its internal risk policies, a risk management policy, which is in full force and effect. A copy of such risk management policy has been previously delivered to Administrative Agent (for distribution to Lenders), and certified by a Responsible Officer of the Borrower as being a true and correct copy in full force and effect.
Risk Management Policy. The Administrative Agent and the Lenders shall have received a copy of the Risk Management Policy, including position and other limits, which shall be satisfactory in content and form to the Administrative Agent.
Risk Management Policy. The Parties acknowledge and agree that this Agreement is subject to the Risk Management Policy approved by the Parties’ Board of Directors. In the event of a conflict between the provisions of this Agreement and the terms of the Risk Management Policy, the terms of the Risk Management Policy shall govern and control.
Risk Management Policy. The Borrower will, and will cause each of its Subsidiaries to, comply, and require its Subsidiaries to comply, with (i) the retail and wholesale inventory distribution and trading procedures, (ii) the dollar and volume limits, and (iii) all other material provisions of the Risk Management Policy.
Risk Management Policy. The Borrower will not materially change its risk management policies without the prior written consent of the Administrative Agent and the Banks. Borrower agrees that upon request by Agents, from time to time, the Borrower and the Banks will review and evaluate Borrower’s risk management policies.
Risk Management Policy. (a) Keep the Risk Management Policy in full force and effect and conduct its business in compliance with the Risk Management Policy.
Risk Management Policy. Guarantor has duly adopted, in accordance with its internal risk policies, a risk management policy, which is in full force and effect. A copy of such risk management policy has been previously delivered to Buyer.
Risk Management Policy. (a) As soon as available, but in any event within 60 days of the Closing Date, deliver to the Administrative Agent a certificate of a Responsible Officer of the General Partner attaching, for distribution to the Lenders, a copy of the risk management policy of the Parent (which shall be in form and substance reasonably satisfactory to the Administrative Agent and shall be approved by the board of directors (or equivalent body) of the General Partner) and certifying that such attachment is a true and correct copy of the Risk Management Policy as duly adopted in accordance with the internal risk policies of the Parent.
(b) Keep the Risk Management Policy in full force and effect, and in accordance therewith, conduct its business in compliance with the Risk Management Policy. The Parent shall provide at least five (5) Business Days prior written notice to the Administrative Agent of any proposed amendment, modification, supplement or other change to such Risk Management Policy, which proposed amendment, modification, supplement or other change must receive the approval of the Administrative Agent (such approval not to be unreasonably withheld, conditioned or delayed) if relating to the modifications to credit limits or open or stop loss position limits or contract or commodity traded limits. Failure of the Administrative Agent to respond to any proposed amendment, modification, supplement or other change in writing setting forth its reasons for disapproval within ten (10) Business Days of receipt of such written notice from the Parent shall be deemed to be approval of such proposed amendment, modification, supplement or other change by the Administrative Agent. The Parent shall provide to the Administrative Agent (for distribution to the Lenders, including, without limitation, if requested by a Lender, through posting on the Platform), within ten (10) days of the effectiveness of any such amendment, modification, supplement or other change, such revised Risk Management Policy in its entirety. The Borrower agrees that upon request by the Administrative Agent, from time to time, the Borrower and the Administrative Agent will review and evaluate the Borrowers’ Risk Management Policy.
Risk Management Policy. Shall take the following actions with respect to the Risk Management Policy:
(a) The Reliant Retail Obligors shall maintain in effect the Risk Management Policy. The Reliant Retail Obligors may waive the Risk Management Policy with respect to individual actions, provided that any waiver of the Risk Management Policy in respect of a particular action requiring the approval of the Chief Risk Officer, the Chief Executive Officer or the Board of Directors or any committee thereof shall require prior written approval of the Sleeve Provider, which shall not be unreasonably withheld or delayed, and shall be responded to in any event within three Business Days. The Reliant Retail Obligors may amend or otherwise modify in general the Risk Management Policy, provided that REPS shall promptly provide to the Sleeve Provider copies of final requests for general amendments or modifications to the Risk Management Policy promptly after providing such final requests to senior management, and before becoming effective such amendments or modifications shall be approved by the Sleeve Provider, which approval shall not be unreasonably withheld or delayed, and shall be responded to in any event within three Business Days.
(b) The Reliant Retail Obligors shall comply with the Risk Management Policy to the extent required by the following:
(i) If there shall occur any violation of any Risk Limit under, and as defined in, the Risk Management Policy, the Reliant Retail Obligors shall have three Business Days to cure the same after notice thereof from the Sleeve Provider or any Responsible Officer or other executive officer of REPS obtaining knowledge of such occurrence; provided that if at any time the xxxx-to-market loss on position(s) in violation of the Risk Limits exceeds $25,000,000, the Reliant Retail Obligors shall have only one Business Day after the date of the notice or knowledge to cure the same such that the position(s) in violation do not exceed such threshold (however, if such threshold is exceeded during the last day of any three Business Day cure period, such three Business Day cure period shall be extended through the following Business Day such that the Reliant Retail Obligors shall have the fourth Business Day to cure such violation). If cure is not effected within such three (or four) Business Day period, then as the Sleeve Provider’s sole remedy with respect to such violation, other than under Section 6.13(b)(ii), the Sleeve Provider shall have the right to ent...
Risk Management Policy. Legal Mandate Section Description
