Common use of Systemic Risk Clause in Contracts

Systemic Risk. Credit risk may arise through a default by one of several large institutions that are dependent on one another to meet their liquidity or operational needs, so that a default by one institution causes a series of defaults by the other institutions. This is sometimes referred to as a "systemic risk" and may adversely affect financial intermediaries, such as clearing agencies, clearing houses, banks, securities firms and exchanges, with which the Corporation and/or the other parties that may have impact on the Debentures interact on a daily basis.

Appears in 7 contracts

Samples: Subscription Agreement (Elys Game Technology, Corp.), Subscription Agreement (Elys Game Technology, Corp.), Subscription Agreement (Elys Game Technology, Corp.)

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