Settlement Risk. BPPR shall not be responsible for the systemic risk of loss of the Associations or the failure of the Associations to effect settlement of Transactions or to perform its obligations hereunder in the event of such failure; provided that this Section 3.8 shall not relieve BPPR of its obligations in the settlement process once the funds or information is received from the Associations.
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Samples: Independent Sales Organization Sponsorship and Services Agreement, Independent Sales Organization Sponsorship and Services Agreement (EVERTEC, Inc.), Independent Sales Organization Sponsorship and Services Agreement (TII Smart Solutions, Sociedad Anonima)
Settlement Risk. BPPR shall not be responsible for the systemic risk of loss of the Associations or the failure of the Associations to effect settlement of Transactions or to perform its obligations hereunder in the event of such failure; provided provided, that this Section 3.8 3.7 shall not relieve BPPR of its obligations in the settlement process once the funds or information is received from the Associations.
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