Potential Breach definition

Potential Breach means a situation, in which either the competent authority has reasonable grounds to suspect that a violation of an AML/CFT requirement has been committed by a firm or that such a violation has been attempted;
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Potential Breach means where:
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Examples of Potential Breach in a sentence

  • The standard is likely to impact: • Changes to reported KPIs;• Potential breach of banking covenants;• Tax implications;• Systems impacts• Impact on compensation and bonus plans where targets are driven from revenue KPIsNZ IFRS 15 five step frameworkSTEP 1: Identify the contract with a customer This step appears simple but in reality is likely to be otherwise.

  • Potential breach of the security measures of the Exceed Platform could have a material adverse effect on our Company, each series of our TalentShares and the value of your investment.We intend to host our offerings on the Exceed Platform.

  • Provision of the EITI civil society protocol Potential breach identified in the period under review and accompanying evidence 2.1 Expression: Civil society representatives are able to engage in public debate related to the EITI process and express opinions about the EITI process without restraint, coercion or reprisal.

  • Negligence Element 2 ‐ Breach• Situations where a different standard other than “ordinary care” may apply include:◦ Potential breach by a “ professional” such as an attorney or a physician.◦ The professional is held to the standard of an ordinarily prudent professional would have done in that situation, rather than a non‐professional.◦ Common carriers and handlers of dangerous commodities are also held to a higher standard of care.

  • Potential breach of the Code of ConductAs above, Abacus decisions relating to breaches of the Code of Conduct are made on the balance of probabilities which means more probable than not.

  • Potential breach of the duty of confidentiality through the funder’s probabilisticapproachAlthough the funder is usually subject to the contractual confidentiality or non-disclosure agreement120 reached between the funder and the funded party,121 such confidentiality is due to non-disclosure of the TPF agreement and should not be confused with the disputing parties’ duty of confidentiality arising from arbitration proceedings analysed above.

  • Potential breach conveys that time is available for analyses, decisions, and actions before the dam/levee could fail.

  • In particular, blue edge velocities of 500 and==1000 km s−1 are seen in the Fe XXV and Fe XXVI transitions, respectively, for i 80◦.

  • Major breach of regulatory requirements resulting in potential prosecution or significant project approval delays.Medium: Potential breach of specific regulatory consent limits resulting in non-compliance.Low: No breach of specific regulatory consent limits anticipated.5Overall Impact rating (Severity):Using a combination of the above criteria, the overall severity of the impact was assigned a rating Severe, Substantial, Moderate, Minor and negligible.

  • Major breach of regulatory requirements resulting in potential prosecution or significant project approval delays.Medium: Potential breach of specific regulatory consent limits resulting in non-compliance.Low: No breach of specific regulatory consent limits anticipated5Overall Impact rating (Severity):Using a combination of the above criteria, the overall severity of the impact was assigned a rating Severe, Substantial, Moderate, Minor and negligible.

Related to Potential Breach

  • Material Breach means a breach by either Party of any of its obligations under this Agreement which has or is likely to have a Material Adverse Effect on the Project and which such Party shall have failed to cure.

  • Substantial Breach means the following:

  • Intentional Breach means, with respect to any agreement or covenant of a party in this Agreement, an action or omission taken or omitted to be taken by such party in material breach of such agreement or covenant that the breaching party intentionally takes (or fails to take) with actual knowledge that such action or omission would, or would reasonably be expected to, cause such material breach of such agreement or covenant.

  • Willful and Material Breach means a material breach that is a consequence of an act undertaken by the breaching party or the failure by the breaching party to take an act it is required to take under this Agreement, with knowledge that the taking of or failure to take such act would, or would reasonably be expected to, result in, constitute or cause a breach of this Agreement.

  • Serious Breach means any breach defined as a Serious Breach in the Agreement or any breach or breaches which adversely, materially or substantially affect the performance or delivery of the Services or compliance with the terms and conditions of the Agreement or the provision of a safe, healthy and supportive learning environment or a breach of security that adversely affects the Personal Data or privacy of an individual. Failure to comply with Law, or actions or omissions by the Provider that endanger the Health or Safety of Learners, Provider Personnel, and all other persons including members of the public would constitute a Serious Breach;

  • Willful Breach means a material breach that is a consequence of an act undertaken or a failure to act by the breaching party with the knowledge that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this Agreement.

  • Breach means the acquisition, access, use, or disclosure of PHI in a manner not permitted 9 under the HIPAA Privacy Rule which compromises the security or privacy of the PHI.

  • Non-Breaching Party has the meaning set forth in Section 9.2.1.

  • Data Breach means the unauthorized access by an unauthorized person that results in the use, disclosure or theft of Customer Data.

  • Breaching Party has the meaning set forth in Section 12.2.

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Data Breaches Party shall report to AHS, though its Chief Information Officer (CIO), any impermissible use or disclosure that compromises the security, confidentiality or privacy of any form of protected personal information identified above within 24 hours of the discovery of the breach. Party shall in addition comply with any other data breach notification requirements required under federal or state law.

  • Persistent Breach means a Default which has occurred on three or more separate occasions with a continuous period of six (6) months.

  • Serious violation means OCC has made a valid finding when assessing a serious complaint that alleges:

  • Terminating Company Breach has the meaning specified in Section 10.01(b).

  • Serious Misconduct means any misconduct identified as a ground for termination in the Motorola Code of Business Conduct, or the human resources policies, or other written policies or procedures.

  • Remedy a Violation means to bring the structure or other development into compliance with state and community floodplain management regulations, or, if this is not possible, to reduce the impacts of its noncompliance. Ways that impacts may be reduced include protecting the structure or other affected development from flood damages, implementing the enforcement provisions of the ordinance or otherwise deterring future similar violations, or reducing federal financial exposure with regard to the structure or other development.

  • Privacy Breach means a common law breach of confidence, infringement, or violation of any rights to privacy, including but not limited to breach of the Insured’s privacy statement, breach of a person’s right of publicity, false light, intrusion upon a person’s seclusion, public disclosure of a person’s privacy information, or misappropriation of a person’s picture or name for commercial gain.

  • Intentional for purposes of this Agreement, no act or failure to act on the part of the Executive shall be deemed to have been intentional if it was due primarily to an error in judgment or negligence. An act or failure to act on the Executive’s part shall be considered intentional if it is not in good faith and if it is without a reasonable belief that the action or failure to act is in the best interests of the Bank.

  • Security Breach means the unauthorized acquisition of or access to Customer Data by an unauthorized person that compromises the security, confidentiality, or integrity of Customer Data, including instances in which internal personnel access systems in excess of their user rights or use systems inappropriately. “Security Breach” shall also be deemed to include any breach of security, confidentiality, or privacy as defined by any applicable law, rule, regulation, or order.

  • Event of Termination has the meaning specified in Section 7.01.

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Research misconduct means fabrication, falsification, or plagiarism in proposing, performing, or reviewing research, or in reporting research results. Research misconduct does not include honest error or differences of opinion. As used in this definition, (i) “fabrication” means making up data or results and recording or reporting them; (ii) “falsification” means manipulating research materials, equipment, or processes, or changing or omitting data or results such that the research is not accurately represented in the research record; and (iii) “plagiarism” means the appropriation of another person’s ideas, processes, results, or words without giving appropriate credit.

  • Anticipatory Termination means a termination of employment where PNC terminates your employment with PNC (other than for Misconduct or Disability) prior to the date on which a Change of Control occurs, and you reasonably demonstrated that such termination of employment (i) was at the request of a third party that has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or in anticipation of a Change of Control.

  • Repeat violation means a violation of the same regulation in any location by the same person for which voluntary compliance previously has been sought within two years or a notice of civil violation has been issued

  • Serious assault means an act that constitutes a felony violation of chapter XI of the Michigan penal code, 1931 PA 328, MCL 750.81 to 750.90h, or that constitutes an assault and infliction of serious or aggravated injury under section 81a of the Michigan penal code, 1931 PA 328, MCL 750.81a.