Sole Risk Party definition

Sole Risk Party. - means the Party who proposes and/or undertakes a Sole Risk Operation pursuant to this Clause 11.
Sample 1
Sole Risk Party means a Party which participates in a Sole Risk Operation; 138 "Unpaid Amount" has the meaning given to that term in Clause 15.1; "Wilful Misconduct" means intentional acts and omissions done or omitted to be done, which raise the reasonable belief that they were the result of a conscious indifference to the right or welfare of those who are or may be affected by them; "Withdrawing Party" has the meaning given to that term in Clause 16.2; and "Work Obligation" means the minimum work or expenditure required to be performed or made by the registered holders of the Permit as a condition of the Permit;
Sample 1
Sole Risk Party means one or more Shareholders participating in a Sole Risk Operation.
Sample 1

Examples of Sole Risk Party in a sentence

  • If the Operator is not a Sole Risk Party, the Sole Risk Parties may appoint the Operator, if the Operator agrees to accept such appointment, or one of their number as Sole Risk Operator.

  • The Proposing Party may begin the Sole Risk Operation after the Sole Risk Interests have been settled in accordance with Clause 12.8. A Sole Risk Party shall not commence a Sole Risk Operation more than six (6) months after giving the relevant Sole Risk Operation Notice.

  • If the Operator is a Sole Risk Party, it shall carry out the Sole Risk Operation.

  • Such amount shall be paid in cash in DKK and the Operator shall promptly disburse all such amounts from the Joint Account to the Sole Risk Party or, if more than one (1), to each Sole Risk Party in the proportion that its Percentage Interest bears to the sum of the Percentage Interests of all Sole Risk Parties or in such other proportion as they may have agreed under Article 7.

  • If a Sole Risk Project is undertaken by more than one (1) Sole Risk Party the risk and cost thereof shall, subject in the case of Sole Risk Development to Article 7.5.7, be borne by each Sole Risk Party in the proportion that its Percentage Interest bears to the sum of the Percentage Interests of the Sole Risk Parties or in such other proportion as the Sole Risk Parties may agree.

  • Notwithstanding this Article 7.2.3, in the case of the deepening or sidetracking of a well drilled jointly for the Parties, abandonment and demobilisation costs shall be charged to the Parties in proportion to their Percentage Interests except that any increase in such abandonment and demobilisation costs due to such deepening or sidetracking pursuant to Article 7.2.2(a)(iii) shall be borne exclusively by the Sole Risk Party.

  • Within twenty-eight (28) days after such notice, the Operating Committee shall decide whether such Sole Risk Party shall be authorised to so use Joint Property and, if so, the terms and conditions upon which it may be used, it being understood that the use of Joint Property shall not be unreasonably withheld and that the charges for such use shall be on a reasonable and equitable basis.

  • Such payment shall be credited to the Sole Risk Party or, if more than one (1), to each Sole Risk Party in the proportion that its Percentage Interest bears to the sum of the Percentage Interests of all the Sole Risk Parties or in such other proportion as they may have agreed under Article 7.

  • She advised that there was an annual insurance which would be a cheaper option and would cover all events organised throughout the year.

  • If Sole Risk Party does not include Operator, such Sole Risk Party may replace Operator with respect to a Sole Risk Development as contemplated herein.


More Definitions of Sole Risk Party

Sole Risk Party has the meaning specified in Article 13.2.3;
Sample 1

Related to Sole Risk Party

  • At-risk pupil means a student having a physical, emotional, intellectual, socioeconomic, or cultural

  • 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.

  • Sole Source means a contractor providing goods or services of such a unique nature or sole availability at the location required that the contractor is clearly and justifiably the only practicable source to provide the goods or services. (RCW 39.26.010)

  • Third Party Data has the meaning set forth in Section 9.3(a).

  • Country Risk means all factors reasonably related to the systemic risk of holding Foreign Assets in a particular country including, but not limited to, such country’s political environment, economic and financial infrastructure (including any Eligible Securities Depository operating in the country), prevailing or developing custody and settlement practices, and laws and regulations applicable to the safekeeping and recovery of Foreign Assets held in custody in that country.

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

  • Sovereign Risk means nationalization, expropriation, currency devaluation, revaluation or fluctuation, confiscation, seizure, cancellation, destruction or similar action by any governmental authority, de facto or de jure; or enactment, promulgation, imposition or enforcement by any such governmental authority of currency restrictions, exchange controls, taxes, levies or other charges affecting a Fund's Assets; or acts of armed conflict, terrorism, insurrection or revolution; or any other act or event beyond the Custodian's or such other Person's control.

  • Contractor Group means the Contractor, its subcontractors of any tier, its and their respective Affiliates, successors and permitted assignees, and its and their respective directors, officers, employees (including agency personnel);

  • High Risk Activities means uses such as the operation of nuclear facilities, air traffic control, or life support systems, where the use or failure of the Services could lead to death, personal injury, or environmental damage.

  • Customer Group means Customer and any of its Affiliates established and/or doing business in the EEA, or United Kingdom;

  • Discrete source means a radionuclide that has been processed so that its concentration within a material has been purposely increased for use for commercial, medical, or research activities.

  • Sole source procurement means a procurement without competition pursuant to a determination under Subsection 63G-6a-802(1)(a) that there is only one source for the procurement item.

  • energy from renewable sources or ‘renewable energy’ means energy from renewable non-fossil sources, namely wind, solar (solar thermal and solar photovoltaic) and geothermal energy, ambient energy, tide, wave and other ocean energy, hydropower, biomass, landfill gas, sewage treatment plant gas, and biogas;

  • non-taxable territory means the territory which is outside the taxable territory;

  • Manufactured dwelling park means a place where four or more manufactured dwellings

  • Third Party Agent means any provider of services to the Client (other than the Custodian, a Subcustodian or Delegate under this Agreement) including any Investment Manager, adviser or sub-advisor, distributor, broker, dealer, transfer agent, administrator, accounting agent, audit firm, tax firm, or law firm.

  • Third Party Items means Third Party Content and Third Party Products.

  • At-risk student means any identified student who needs additional support and who is not meeting or not expected to meet the established goals of the educational program (academic, personal/social, career/vocational). At-risk students include but are not limited to students in the following groups: homeless children and youth, dropouts, returning dropouts, and potential dropouts.

  • Enterprise risk means an activity, circumstance, event, or series of events involving one or more affiliates of an insurer that, if not remedied promptly, is likely to have a material adverse effect upon the financial condition or liquidity of the insurer or its insurance holding company system as a whole, including anything that would cause:

  • Licensed Operator means a person licensed, or deemed to be licensed, to provide a port service or operate a port facility;

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Other Sources means (i) distributions or payments of Capital Commitment Partner Carried Interest (which shall include amounts of Capital Commitment Partner Carried Interest which are not distributed or paid to a Partner but are instead contributed to a trust (or similar arrangement) to satisfy any “holdback” obligation with respect thereto), and (ii) distributions from Blackstone Entities (other than the Partnership) to such Partner.

  • 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;

  • Eligible customer-generator means a customer-generator whose net energy metering system for renewable resources, cogeneration, fuel cells, and microturbines meets all applicable safety and performance standards.

  • Cat means the consolidated audit trail contemplated by SEC Rule 613.