Sole Risk definition

Sole Risk means an operation conducted at the sole cost, risk, expense, and liability of GNPC referred to in 11;
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Sole Risk. Programme" has the meaning assigned to it in Clause 10.3;
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Examples of Sole Risk in a sentence

  • Where there are changes to those standards after commencement of the operations of such Sole Risk Project, these standards will be adopted for conduct of the Sole Risk Project to that same extent.

  • The Proposing Party must indemnify and keep indemnified the Non-Proposing Party and the relevant Enterprise Company against all claims and liabilities arising out of the existence, development and operation of any and all of its Sole Risk Projects, including any tax liability arising as a result of the transfer or sale of any offtake from the Enterprise Company to the Proposing Party and all claims and liabilities in connection with liability assumed by the Proposing Party under clause 2.10(a).

  • If a Proposing Party transfers all of its interest in the Enterprise Company to a person other than an affiliate, it will also transfer, to the acquirer of that interest, each Sole Risk Project.

  • The cash flow of the Enterprise and borrowings shall be the preferred source of funding for the needs of the Enterprise (excluding the needs of any Sole Risk Projects, which will be funded in accordance with the sole risk regime set out at Exhibit C).

  • Alcoa and Alumina shall direct and cause their representatives on any Enterprise Company Boards, entities or operations to carry out the direction established by and implement the decisions of the Strategic Council or, in the case of a Sole Risk Project, the entity conducting the Sole Risk Project as elected under clause 3.2 of Exhibit C.

  • If the Operator is a Sole Risk Participant, or if the Operator and the Sole Risk Participants so agree, the Operator shall be operator for the sole risk operations.

  • In the case of Sole Risk Projects that are being conducted by an Enterprise Company in accordance with clause 2.4 of Exhibit C, equity calls with respect to that Sole Risk Project must be made in accordance with clause 2.4 of Exhibit C.

  • The portions of this Agreement specified in Exhibit B shall be deemed to be automatically amended and revised as set forth in Exhibit B (“Exclusivity and Sole Risk Amendments”), upon and from the occurrence of a Change of Control in respect of either Alumina or Alcoa.

  • Unless the Sole Risk Participants otherwise unanimously agree the Percentage Interest of each participant in a sole risk operation shall be the proportion that its Percentage Interest bears to the total of the Percentage Interests of all Sole Risk Participants.

  • Any sole risk operations will be carried out at the sole risk, cost and expense of the Sole Risk Participants.

Related to Sole Risk

  • At risk means a student who has the potential for academic failure, including, but not

  • systemic risk means a risk of disruption in the financial system with the potential to have serious negative consequences for the financial system and the real economy;

  • high risk breach means that the threshold for notifying the individual is higher than that for notifying the relevant supervisory authority.

  • Risk means the combination of the probability of occurrence of harm and the severity of that harm;

  • 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.