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
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Related to CVA Clause

  • Sunset Clause Notice of disciplinary action which may have been placed on the personnel file of an employee shall be destroyed after two (2) years have elapsed since the disciplinary action was taken provided that no further disciplinary action has been recorded during this period. The employee shall be notified orally when such notice has been destroyed.

  • BREAK CLAUSE IF YOU HAVE OPTED FOR A FIXED TERM CONTRACT YOU WILL NOT HAVE THE DETAILS OF A BREAK CLAUSE NOTED IN YOUR PARTICULARS. 5.1. The Landlord shall be entitled to serve upon the Tenant Statutory Notice of not less than two calendar months to break this tenancy. Such Notice: 5.1.1. Shall be at least 2 months’ notice to break this Tenancy 5.1.2. Shall not expire before the end of the «D0000_401C_0#Landlord_notice_take_effect» month of the term 5.

  • WAIVER CLAUSE The parties acknowledge that during the negotiations which resulted in this Agreement, each had the unlimited right and opportunity to make demands and proposals with respect to any subject matter not removed by law from the area of collective bargaining, and that the understandings and agreements arrived at by the parties after the exercise of that right and opportunity are set forth in the Agreement. Therefore, the Employer and the Association, for the life of this Agreement, each voluntarily and unqualifiedly waives the right and each agrees that the other shall not be obligated to bargain collectively with respect to any subject or matter not specifically referred to or covered in this Agreement, even though such subjects or matters may not have been within the knowledge or contemplation of either or both of the parties at the time that they negotiated or signed this Agreement.

  • ZIPPER CLAUSE 1. This Agreement sets forth the full and entire understanding of the parties regarding the matters herein. This Agreement may be modified, but only in writing, upon the mutual consent of the parties.

  • Final Clauses This Agreement will enter into force upon signature by both Parties and shall remain in force until completion of all obligations of the Parties under this Agreement.