RISK MANAGEMENT REQUIREMENTS. The Contractor shall abide by the City’s applicable Risk Management Requirements, attached to this Agreement as Exhibit C and incorporated herein by reference.
RISK MANAGEMENT REQUIREMENTS. Contractor shall implement internal risk management practices to ensure the confidentiality, integrity and availability of Metro Government Information. These practices will be no less secure than the ones used by Contractor to protect Contractor's own Sensitive Information or information of comparable sensitivity.
RISK MANAGEMENT REQUIREMENTS. The Borrower Parties, collectively, will not have any Open Positions in Petroleum Inventory (crude oil or other products that Genesis Energy, L.P. and its Restricted Subsidiaries market). Open Position means (i) any physical Petroleum Inventory (other than Petroleum Inventory retained by Genesis Energy, L.P. or a Restricted Subsidiary as a result of a customer failing to take all of its reference nominations provided for under the applicable contract) or (ii) any purchase or sale contract for Petroleum Inventory that does not have an Offsetting Position. Offsetting Position means any offsetting sale or purchase agreement, an offsetting NYMEX contract, an offsetting physical inventory position or an offsetting swap, collar or option contract, in each case substantially eliminating price risk. Neither Genesis Energy, L.P. nor any Restricted Subsidiary will write (i.e. sell) or otherwise participate in any swap, collar or similar agreement relating to Petroleum Inventory, or write (i.e. sell) any option, unless it (or any other Borrower Party) (i) has an Offsetting Position in Petroleum Inventory volumes and (ii) the counter-party (or guarantor to the obligations of such counter-party) at the time such financial instrument is made has one or more long term unsecured debt obligations rated A or A2 or better, respectively, by either S&P or Xxxxx’x. Borrower shall, and shall cause each of its Subsidiaries, as expeditiously as reasonably possible, but in no event later than the number of days after the Effective Date applicable to each item set forth below, provide the items or perform the actions listed below to the extent not provided or performed prior to the Effective Date; provided that (1) in each case, the Administrative Agent may extend such number of days at any time and from time to time by such additional term as it deems appropriate in its reasonable discretion and (2) in each case, the Administrative Agent may, from time to time and at any time, in its reasonable discretion, waive any requirement hereof in whole or in part, subject to such conditions as the Administrative Agent may reasonably determine:
RISK MANAGEMENT REQUIREMENTS. Contractor shall abide by Forest Park’s applicable Risk Management Requirements, attached to this Agreement as Exhibit C and incorporated herein by reference.
RISK MANAGEMENT REQUIREMENTS. The Contractor will provide minimum insurance coverage and limits as per the following: The Contractor will file with the City of Forest Park, Georgia Certificates of Insurance, certifying the required insurance coverage and stating that each policy has been endorsed to provide thirty (30) days’ notice to the City of Forest Park, Georgia in the event that coverage is cancelled, non- renewed or the types of coverage or limits of liability are reduced below those required. All bonds and insurance coverage must be placed with an insurance company approved by City of Forest Park, Georgia Management, admitted to do business in the State of Georgia, and rated Secure (“B+” or better) by A.M. Best Company in the latest edition of Property and Casualty Ratings, or rated by Standard & Poors Insurance Ratings, latest edition as Secure (“BBB” or better). Worker’s Compensation self-insurance for individual Contractors must be approved by the Worker’s Compensation Board, State of Georgia and/or Self-Insurance pools approved by the Insurance Commissioner, State of Georgia. Automobile Liability – Automobile liability coverage for owned, hired and non-owned vehicles in the amount of $500,000 combined single limit. Automobile Liability - Automobile liability coverage for owned, hired and non-owned vehicles in the amount of $1,000,000 combined single limit. $1,000,000 Per Occurrence $1,000,000 Personal and Advertising $50,000 Fire Damage* $5,000 Medical Payments* $1,000,000 General Aggregate $1,000,000 Products/Completed Operations per Occurrence and Aggregate
RISK MANAGEMENT REQUIREMENTS. Genesis Energy, L.P. will not have any Open Positions in Petroleum Inventory (crude oil or other products that Genesis Energy, L.P. markets). Open Position means (i) any physical Petroleum Inventory or (ii) any purchase or sale contract for Petroleum Inventory that does not have an Offsetting Position. Offsetting Position means any offsetting sale or purchase agreement, an offsetting NYMEX contract, an offsetting physical inventory position (excluding Minimum Inventories) or an offsetting swap, collar or option contract, in each case substantially eliminating price risk. Genesis Energy, L.P. will not write (i.e. sell) or otherwise participate in any swap, collar or similar agreement relating to Petroleum Inventory, or write (i.e. sell) any option, unless it (i) has an Offsetting Position in Petroleum Inventory volumes and (ii) the counter-party (or guarantor to the obligations of such counter-party) at the time such financial instrument is made has one or more long term unsecured debt obligations rated A or A2 or better, respectively, by either S&P or Xxxxx’x.
RISK MANAGEMENT REQUIREMENTS. SUBCONTRACTOR will continuously manage the HSE risks associated with the PROJECT by means of a structured methodology following recognized practices in line with the HSE STANDARDS. The risk management activities will demonstrate the HAZARDS (and. associated risks) are identified and where the HAZARD cannot be eliminated the risks are managed to ALARP (as low as reasonably practicable). SUBCONTRACTOR will effectively implement a HSE-MS which is relevant to the PROJECT and will assure that the implemented HSE-MS and policies do not conflict with APPLICABLE LAWS or any HSE STANDARDS in effect at CLIENT/CONTRACTOR GROUP WORKSITES. The risk management will include:
a. A list of all activities that will be used as a basis to determine the project or reviews;
b. A list of the HSE HAZARDS of each identified activity;
c. The assessment of the risk associated with each identified activity, and applying CONTRACTOR'S risk assessment matrix (RAM). SUBCONTRACTOR'S RAM will be submitted to CONTRACTOR for review.
d. A description of how each HAZARD will be controlled and the need for specific JSEA (Job Safety Environmental Hazard Analysis) when normal procedures and controls are expected to be inadequate,
e. Implementation of risk reduction measures to control or mitigate the hazard and its effects; and
f. Planning for recovery in the event of a loss or control leading to an unacceptable effect.
RISK MANAGEMENT REQUIREMENTS. The Contractor shall provide minimum insurance coverage and limits as per the following: The Contractor shall file with the City Certificates of Insurance, certifying the required insurance coverage and stating that each policy has been endorsed to provide thirty (30) day notice to the City in the event that coverage is cancelled, non-renewed or the types of coverage or limits of liability are reduced below those required. All bonds and insurance coverage must be placed with an insurance company approved by City Management, admitted to do business in the State of Georgia, and rated Secure (“B+” or better) by A.M. Best Company in the latest edition of Property and Casualty Ratings, or rated by Standard & Poors Insurance Ratings, latest edition as Secure (“BBB” or better). Worker’s Compensation self-insurance for individual Contractors must be approved by the Worker’s Compensation Board, State of Georgia and/or Self-Insurance pools approved by the Insurance Commissioner, State of Georgia. $1,000,000 Per Occurrence $1,000,000 Personal and Advertising $50,000 Fire Damage* $5,000 Medical Payments* $1,000,000 General Aggregate $1,000,000 Products/Completed Operations per Occurrence and Aggregate
RISK MANAGEMENT REQUIREMENTS
