Risk Sharing Agreement Sample Clauses
A Risk Sharing Agreement is a contractual provision that outlines how potential risks and associated costs or losses will be distributed between the parties involved. Typically, this clause specifies the types of risks covered, such as financial losses, regulatory changes, or unforeseen events, and details the proportion or method by which each party will bear responsibility. By clearly defining each party's obligations in the face of uncertainty, the clause helps prevent disputes and ensures that no single party is unfairly burdened by unexpected developments.
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Risk Sharing Agreement. This Agreement is a risk sharing and risk participation agreement and should not be construed to be a contract of insurance. If any ambiguity exists in this Agreement, including any CCS or specific coverage document, the provision shall not be construed against the Fund as drafter of this Agreement. The Fund is not an insurance company nor is any member an insured. The Fund is a self-insured risk pool through which its members agree to share risk and actively participate in their contractual obligations to lessen risk and cost for all members. Any reference in this Agreement to an insurance term or concept is coincidental, is not intended to characterize the Fund as “insurance” as defined by law, shall be deemed to apply to self-insurance, and is not to be construed as being contrary to the self-insurance concept.
Risk Sharing Agreement. Execution of a Risk-Sharing Agree- ment is a prerequisite to participation in this program. The Risk-Sharing Agreement shall be in a form accept- able to the Commissioner. [61 FR 7947, Feb. 29, 1996]
Risk Sharing Agreement. 9.1 The Parties agree that in the event of the DWP exercising their right of clawback (pursuant to the DWP contract dated 2015) and provided no recovery of clawback has been recovered from the Delivery Partners pursuant to clause 9.3 then the Parties shall pay the clawback claimed by the DWP according to the percentages stated in the table at 9.2. and the liability division spread across all five authorities as provided for in table 9.2 will apply regardless of which local Authority area the clawback has arisen in.
9.2 The liability of the Parties will be based on the percentage split as shown in the table below: Darlington 12.85% 2,845 Hartlepool 14.51% 3,213 Middlesbrough 25.67% 5,684 Redcar 19.83% 4,390 Stockton 27.14% 6,009
9.3 In circumstances where clawback is claimed by the DWP, then, Hartlepool Borough Council will with assistance from the Parties take reasonable steps to recover the grant funding from the relevant Delivery Partner(s).
9.4 If Hartlepool Borough Council with the assistance of the Parties is, after reasonable endeavours unable to clawback funding from the relevant Delivery Partner then the Parties agree to share the liability for the payment of the clawback amount claimed based on the apportioned liability figures shown in paragraph 8.2
Risk Sharing Agreement. If Lender desires to enter into a risk sharing agreement with any MI Company that includes any Covered Mortgages, Lender shall present the terms and conditions to ▇▇▇▇▇▇ ▇▇▇ for its review and approval, which approval may be granted, conditioned or denied in ▇▇▇▇▇▇ Mae’s sole discretion within sixty (60) days after ▇▇▇▇▇▇ ▇▇▇ receives all requested information related to such risk sharing
Risk Sharing Agreement. 1.1 between the Parties who are Accountable Body Hartlepool Borough Council being the lead Local Authority Agreement or Joint Agreement This Agreement 1972 Act The Local Government Act 1972 1970 Act The Local Authorities (Goods and Services) ▇▇▇ ▇▇▇▇ 2011 Act The ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ Clause A clause of this Agreement Clawback The DWP funding that is reclaimed back by the DWP should the DWP funding be unused by the Parties in the Youth Employment Initiative Commencement Date The , 2015 Consortium Agreement The Agreement between the Consortium Consortium Partners The organisations listed at Schedule 2 Date The date the Parties have delivered this Agreement as a deed as specified at the head of this Agreement Delivery Partners: Those organisations listed at Schedule 2 DWP Department of Work and Pensions DWP Contract The contract dated 2015 and made between the DWP and ESF European Social Fund ESIFS European Structural and Investment Fund Strategy attached at Schedule [ ] FOIA The Freedom of Information ▇▇▇ ▇▇▇▇ FOIA Exemption Any applicable exemption to FOIA including, but not limited to, confidentiality (Section 41 FOIA), trade secrets (Section 43 FOIA) and prejudice to commercial interests (Section 43 FOIA) Local Authority or Local Authorities The Parties who are the Councils of the Boroughs of Darlington, Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees, or any of them LEP Tees Valley Local Enterprise Partnership (operating through Tees Valley Unlimited) or that body that succeeds or otherwise replaces the LEP body, such as a Tees Valley Combined Authority Participant A participant is a young person aged 15 to 29 years who is eligible to register onto the YEI project. Party or Parties The Parties to this Agreement or any one of them Priority Axis 1 forms part of the European Operational Plan Regulations The Environmental Information Regulations 1992 Tees Valley The combined areas of the five Local Authorities within the Tees Valley TVU Tees Valley Unlimited being an unincorporated partnership of Local Authorities, business and other sectors acting in concert to support the economic development of the Tees Valley by facilitating the realisation of the Statement of Ambition and its supporting Investment Plan, which on 28 October, 2010 was confirmed by the Secretary of State for Communities and Local Government as a Local Enterprise Partnership.
Risk Sharing Agreement a. This is an agreement that the CCG will cover reasonable legal costs and administrative costs (such as backfill) to practices who find themselves needing to defend a challenge to data sharing or data breach with regards to any data sharing or processing activity approved by the Oxfordshire Information Governance Steering Group (OIGSG).
b. This indemnity will not cover fines or settlement fees (which would be a blank check for the CCG to carry the cost of). Nonetheless, practices may find some reassurance that the ICO have indicated that they would not seek prosecution of any organisation that was not responsible for a data breach. The CCG also recognises the theoretical (and very small risk of) circumstances where practices may need further support, which will be discussed on a case-by-case basis as happens currently. This is a significant agreement between LMC and CCG that provides cover for practices well in excess of what is available to General Practice in most of the country.
Risk Sharing Agreement. If Seller/Servicer desires to enter into a risk-sharing agreement with any MI Company, which agreement includes any Settlement Mortgages, Seller/Servicer shall present the terms and conditions to ▇▇▇▇▇▇▇ Mac for its review and approval, which approval may be granted, conditioned or denied in ▇▇▇▇▇▇▇ Mac’s sole discretion within sixty (60) days after ▇▇▇▇▇▇▇ Mac receives all requested information related to such risk sharing agreement. Notwithstanding the terms of the immediately preceding sentence, ▇▇▇▇▇▇▇ Mac shall not unreasonably withhold, deny or condition consent to the terms of a risk sharing agreement if under the terms of any such agreement:
(i) the MI Company is responsible for paying ▇▇▇▇▇▇▇ Mac the MI Payment Amount in accordance with the terms of the original mortgage insurance policy within 90 days after the date required in the original mortgage insurance policy (and, notwithstanding the terms of the original mortgage insurance policy, if the MI Company fails to pay ▇▇▇▇▇▇▇ Mac within such 90 day period, Seller/Servicer is responsible for paying the MI Payment Amount);
(ii) In return for the MI Company ceasing to issue mortgage insurance rescissions, the MI Company may reduce the amount that they are required to fund with respect to all future claims, by the RR% (with Seller/Servicer funding the RR%), but Seller/Servicer must make such arrangement with the MI Company so that all future claims are paid to ▇▇▇▇▇▇▇ Mac in full by the MI Company without reduction for the RR%. As used in this Agreement, “RR%” means the MI Company’s negotiated rescission rate (expressed as a percentage) for loans delivered to ▇▇▇▇▇▇▇ Mac by Seller/Servicer;
(iii) ▇▇▇▇▇▇▇ Mac will not be required to provide a release to the MI Company; and
(iv) ▇▇▇▇▇▇▇ Mac receives reasonable and customary assurances and protections. For the avoidance of doubt, ▇▇▇▇▇▇▇ Mac shall, after the Closing Date, continue its present practice of filing claims with each applicable MI Company, and nothing in this Agreement shall expand Seller/Servicer’s existing obligations under the Purchase Documents with respect to MI Coverage except as specifically provided in this Section 4.
Risk Sharing Agreement. CHNw shall enter into and maintain an agreement with SIHO to share in the financial risk, as CHNw and ▇▇▇▇ ▇▇▇▇ appropriate, related to the guarantee of the medical and pharmacy trend components of the premium charge set forth in Section 1.1(a)(iv).