Operational Risks definition

Operational Risks means the risks that any Entrusted Loan is rendered unable to be recovered on time or both in full and on time as a result of any incomplete or problematic procedures or improper management actions in the course of the disbursement and management of such Entrustment Loan.
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Examples of Operational Risks in a sentence

  • Operational Risks (including Cyber Security and Identity Theft): An investment in a Fund, like any fund, can involve operational risks arising from factors such as processing errors, human errors, inadequate or failed internal or external processes, failure in systems and technology, changes in personnel, infiltration by unauthorised persons and errors caused by service providers such as the Investment Manager or the Administrator.

  • The Service Provider shall design and implement processes and procedures that ensure that the policies and controls relating to all Finance System(s) meet the terms of this Agreement and minimise Financial Risks and Operational Risks.

  • Generally, these risks are broken into Regulatory Risks, DLT & Tokenized Securities Market Risks and Mercari Operational Risks.

  • During the Term of this Agreement, the Service Provider will not, directly or indirectly, engage or participate in any other business activities that the Company, in its reasonable discretion, determines to be in conflict with the best interests of the Company without the written consent of the Company, which consent will not be unreasonably withheld.

  • Additionally, the supplier will maintain an Operational Risks & Issues Log for the service and review this regularly (bi monthly) with the DfT Contract Manager.

  • Operational Risks: Risks associated with day-to-day operations, including: · Management style (leadership, performance incentives, and communications).

  • The analysis of the risks related to the payment of subsidies is currently the most labour-intensive function of the Operational Risks Audit Department and it can be said that the audit of subsidies is the best developed product among the ones referred to.

  • HS-9: Operational Risks due to Flooding due to Levee/Dam Failure, or Coastal Inundation.

  • The Management has a clear understanding of Credit, Market, Liquidity and Operational Risks and has synchronized the distinct risks into the operating parameters, in order to manage them within acceptable limits.

  • HS-8: Operational Risks due to Location within 100- Year Flood Area.

Related to Operational Risks

  • operational risk means the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, and includes legal risk;

  • All Risks property insurance in an amount adequate to cover the full replacement cost of all Tenant Additions to the Premises, equipment, installations, fixtures and contents of the Premises in the event of loss; (d) In the event a motor vehicle is to be used by Tenant in connection with its business operation from the Premises, Comprehensive Automobile Liability Insurance coverage with limits of not less than Three Million and No/100 Dollars ($3,000,000.00) combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on behalf of Tenant, its agents and employees in connection with this Lease, of any owned, non-owned or hired motor vehicles; and (e) such other insurance or coverages as Landlord reasonably requires.

  • Country Risks means with respect to any Foreign Depository: (a) the financial infrastructure of the country in which it is organized, (b) such country's prevailing custody and settlement practices, (c) nationalization, expropriation or other governmental actions, (d) such country's regulation of the banking or securities industry, (e) currency controls, restrictions, devaluations or fluctuations, and (f) market conditions which affect the order execution of securities transactions or affect the value of securities.

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment.