Common use of Risk Mitigation Clause in Contracts

Risk Mitigation. In order to reduce the risk of loss to which Bank is subject under this Part III, Bank may in its sole discretion establish such risk mitigation procedures as Bank deems reasonably necessary, including without limitation, requiring personal guaranties of Customer’s principals, prefunding of credit Entries, delayed availability of funds to Customer to cover returned debit Entries, and submission of balanced or unbalanced files (e.g., submission of a credit file for which Bank shall then create the offsetting debit file.)

Risk Mitigation. In order to reduce the risk of loss to which Bank is subject under this Part IIIAddendum, Bank may in its sole discretion establish such risk mitigation procedures as Bank deems reasonably necessary, including without limitation, limitation requiring personal guaranties of Customer’s 's principals, prefunding of credit Entries, delayed availability of funds to Customer to cover returned debit Entries, requiring that Customer establish a credit line to secure its obligations, and submission of balanced or unbalanced files (e.g., submission of a credit file for which Bank shall then create the offsetting debit file.)

Risk Mitigation. In order to reduce the risk of loss to which Bank is subject under this Part IIISchedule, Bank may in its sole discretion establish such risk mitigation procedures as Bank deems reasonably necessary, including without limitation, limitation requiring personal guaranties of Customer’s principals, prefunding of requiring that Customer establish a credit Entriesline to secure its obligations, delayed availability of funds to Customer to cover returned debit Entries, and or submission of balanced or unbalanced files (e.g., submission of a credit file for which Bank shall then create the offsetting debit file.)