CVA Clause Sample Clauses
A CVA (Credit Valuation Adjustment) clause defines how the credit risk associated with a counterparty’s potential default is assessed and managed in a financial contract. Typically, this clause outlines the methodology for calculating the adjustment to the contract’s value based on the perceived creditworthiness of the parties involved, often referencing market data or specific credit ratings. By incorporating a CVA clause, the agreement ensures that the financial exposure from counterparty risk is transparently quantified and allocated, helping both parties manage and price the risk of default more effectively.
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CVA Clause. The Buyer and Seller hereby acknowledge that the Province of Ontario has implemented current value assessment and properties may be re-assessed on an annual basis. The Buyer and Seller agree that no claim will be made against the Buyer or Seller, or any Brokerage or Salesperson, as a result of any changes in property tax as a result of re-assessment of the property. PIPEDA: In accordance with the Federal Privacy Act (PIPEDA), parties to a transaction must consent to the publication and distribution of the sale price of a property upon the acceptance of a firm Agreement of Purchase and Sale. The Seller(s) and Buyer(s) agree that Broker ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is authorized to advertise and discuss the sale price, and any and all information related to this property in any and all marketing materials and formats with other REALTORS and the public in promotion and conduct of their business. BUYER: , and