Credit Risks Clause Samples
The Credit Risks clause defines the allocation and management of potential losses arising from a party’s inability to fulfill financial obligations under the agreement. It typically outlines the responsibilities of each party regarding creditworthiness, may require the provision of financial assurances such as guarantees or letters of credit, and can set procedures for monitoring and responding to changes in credit status. By clearly establishing how credit risk is handled, this clause helps protect parties from unexpected financial losses and ensures that both sides are aware of the measures in place to mitigate such risks.
Credit Risks. Credit risk is the risk that a counterparty (including SFP) may fail to perform its obligations to the Customer when due. The Customer should also familiarise itself with the protection accorded to any money or other property which it deposits for domestic and foreign transactions, particularly in a firm’s insolvency or bankruptcy. The extent to which the Customer may recover its money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as its own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.
Credit Risks. We may not always be your contractual counterparty or the issuer under certain transactions. Where we are not your contractual counter party or the issuer, your contractual counter party or a third party issuer, and not us, will be liable to you under the transaction or otherwise in respect of a product purchased by you. Accordingly, in considering whether to enter into such transaction, you should take into account all risks associated with such counter party or third party issuer, including the counter party’s or issuer’s financial standing. Certain transactions also involve the assumption by you of credit risks that you should ensure that you are able to evaluate.
Credit Risks. (a) GSI’s businesses, profitability and liquiditymay be adverselyaffected by deterioration in the credit qualityof or defaults by third parties
(b) Concentration of risk increases the potential for significant losses in GSI’s market- making, underwriting, investing and financing activities
(c) Derivative transactions and delayed documentation or settlements may expose GSI to credit risk, unexpected risks and potential losses
Credit Risks. Concessionaire may at its own risk accept credit cards (except American Express), travelers checks or personal checks from its customers (including officers, staff and crew of the Vessel). All cash sales will be made in United States currency for any of its customers. All requests for exchange of foreign currency will be referred to the Vessel's Purs▇▇. ▇▇bject to the last sentence, Concessionaire shall bear the risk that it may receive counterfeit money and invalid credit card charges from its customers, which amounts, however, shall be excluded from Gross Receipts as provided in Section 5(a) below at such time as such status can be documented to CCL. Adjustments to monies owed are to be made as soon as practical to reflect the proper account balance between the parties. CCL shall bear all collection risks associated with changes made to the shipboard accounts pursuant to the Sail & Sign Program. ] and is subject to an annual adjustment. The processing fee will be adjusted upward or downward in an amount equal to any changes in CCL's annual adjustments (made on or around May 1 of each year) to its current shipboard account discount fee. Any such adjustments will be consistent with the discount fee charged for shipboard accounts on luxury ships of similar size.
Credit Risks. The Company may not always be the Client’s contractual counterparty or the issuer under certain transactions. Where the Company is not the Client’s contractual counterparty or the issuer, the Client’s contractual counterparty or a third party issuer, and not the Company, will be liable to the Client under the transaction or otherwise in respect of a product purchased by the Client. Accordingly, in considering whether to enter into such transaction, the Client should take into account all risks associated with such counterparty or third party issuer, including the counterparty’s or issuer’s financial standing. Certain transactions also involve the assumption by the Client of credit risks which the Client should ensure that the Client is able to evaluate.
Credit Risks. The Issuer makes no representation as to the credit quality of the Borrower under the Underlying Loan or of Blockstream Mining under the Hash Rate Contract.
Credit Risks. Loss resulting from the complete or partial non-payment of or default upon any Credit Arrangement. However this exclusion shall not apply to Loss covered under 1.A)(i) Internal Crime or 1.A)(ii) External Crime.
Credit Risks. Loss resulting directly or indirectly from the complete or partial non-payment of or default upon any Credit Arrangement or Loss caused by Forgery or the Fraudulent Alteration of assets received by the Insured in purported payment for property sold and delivered on credit unless such Loss is covered under Insurance Cover 1(i) or 1(ii).
Credit Risks. The Issuer makes no representation as to the credit quality of the Borrower under the Underlying Loan or of Blockstream Mining under the Hash Rate Contract.