Legal Risk Sample Clauses

Legal Risk. Legal risk is the risk of loss when a contract cannot be enforced or a counterparty fails to fulfill its contractual obligations. This includes risks arising from insufficient documentation, insufficient authority of a counterparty, uncertain legality, and unenforceability due to bankruptcy or insolvency. To minimize the risks of failure of NJNG’s counterparties to perform their contractual obligations, NJR’s legal counsel must approve all contracts as per the Contract and Credit Guidelines (see Exhibit IV).
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Legal Risk. 20.1 In making any investment through the Bank, the Customer should ensure that it is not in breach of any laws, regulations, contractual or other legal limitations that would otherwise prevent the Customer from entering into such investment. The Customer should be aware that the Bank is, in respect of any investment, subject to applicable laws, regulations and guidelines issued by regulatory authorities in the relevant Jurisdiction. In the event of any change in such laws, regulations or guidelines, the Bank may be required to alter some or all of the terms and conditions of the investment or forced to impose early termination on the Customer whereby the amount repayable to the Customer shall be determined by the Bank in good faith.
Legal Risk. 15.1 In investing in NID through the Bank, the Customer should ensure that it is not in breach of any laws, regulations, contractual or other legal limitations that would otherwise prevent the Customer from entering into such NID. The Customer should be aware that the Bank is, in respect of any NID, subject to applicable laws, regulations and guidelines issued by regulatory authorities in the relevant jurisdiction. In the event of any change in such laws, regulations or guidelines, the Bank may be required to alter some or all of the terms and conditions of the NID or forced to impose early termination on the Customer by prior written notice to the Customer.
Legal Risk. The legality of Cryptocurrencies, trading of them or leveraging them may not be clear and may vary under the laws of different jurisdictions throughout the world. This can mean that the legality of holding or trading Cryptocurrencies, or entering into related leverage transactions, is not always clear. Whether and on what basis a Cryptocurrencies may constitute property, an asset, or a right of any kind and what may constitute lawful leverage provision, might vary from one jurisdiction to another. You are responsible for knowing and understanding how the laws applicable to you or your property, rights or assets or to lending address, limit, regulate, and tax the Cryptocurrencies you trade or the leverage you provide.
Legal Risk. 24.1 In investing in Structured Products through the Bank, the Customer should ensure that it is not in breach of any laws, regulations, contractual or other legal limitations that would otherwise prevent the Customer from entering into such investment. The Customer should be aware that the Bank is, in respect of any Structured Product , subject to applicable laws, regulations and guidelines issued by regulatory authorities in the relevant jurisdiction. In the event of any change in such laws, regulations or guidelines, the Bank may be required to alter some or all of the terms and conditions of the Structured Product or forced to impose early termination on the Customer.
Legal Risk. The Group is subject to a comprehensive range of legal obligations in all countries in which it operates. As a result, the Group is exposed to many forms of legal risk, which may arise in a number of ways. Primarily: • the Group’s business may not be conducted in accordance with applicable laws around the world; • contractual obligations may either not be enforceable as intended or may be enforced against the Group in an adverse way; • the intellectual property of the Group (such as its trade names) may not be adequately protected; and • the Group may be liable for damages to third parties harmed by the conduct of its business. The Group faces risk where legal proceedings are brought against it. Regardless of whether such claims have merit, the outcome of legal proceedings is inherently uncertain and could result in financial loss. Defending legal proceedings can be expensive and time-consuming and there is no guarantee that all costs incurred will be recovered even if the Group is successful. Although the Group has processes and controls to manage legal risks, failure to manage these risks could impact the Group adversely, both financially and by reputation. Tax risk The Group is subject to the tax laws in all countries in which it operates. A number of double taxation agreements entered between countries also impact on the taxation of the Group. The Group is also subject to European Union tax law. Tax risk is the risk associated with changes in tax law or in the interpretation of tax law. It also includes the risk of changes in tax rates and the risk of failure to comply with procedures required by tax authorities. Failure to manage tax risks could lead to an additional tax charge. It could also lead to a financial penalty for failure to comply with required tax procedures or other aspects of tax law. If, as a result of a particular tax risk materialising, the tax costs associated with particular transactions are greater than anticipated, it could affect the profitability of those transactions. The Group takes a responsible and transparent approach to the management and control of its tax affairs and related tax risk: • tax risks are assessed as part of the Group’s formal governance processes and are reviewed by the Executive Committee, Group Finance Director and the Board Risk Committee; • the tax charge is also reviewed by the Board Audit Committee; • the tax risks of proposed transactions or new areas of business are fully considered before proceeding...
Legal Risk. In any adoption there may be legal risks. We strongly recommend that you consult with an attorney regarding any specific adoption plan you are considering. There are many possible risks, some of which are discussed below. At anytime prior to the execution of the final consents for adoption and expiration of any applicable revocation period set out by the law of the foreign country, the biological parent can change his/her mind and elect to parent the child him/herself. The birth parent can leave town or otherwise disappear prior to the finalization of an adoption plan, which can result in the adoption needing to go through a different court process, additional steps or being stopped altogether. The child will not be place with you until all appropriate legal steps have been taken and the adoptive placement has been approved by both the foreign country and the United States. In Hague countries, the placement must be approved by the Central Authority of both countries. sample Disruption of an adoption plan, before or after placement almost always results in emotional turmoil and financial loss to you. Your financial losses may include, but are not limited to, all costs and fees paid and owed to ABI, payments made for legal services, payments made for xxxxxx care and medical services. Fees are for services rendered and are in no way “buying a child”. On occasion, an adoption is unable to be completed. In cases such as this, there will be no reimbursement for services that were completed and undertaken on your behalf. You understand that XXX will not pursue a biological parent or otherwise harass a biological parent to complete an unwanted adoption plan or to repay any of the funds you may have paid in attempting to do an adoption. If parents choose to terminate an adoption plan prior to finalization for any reason other then a serious medical issue that was unknown to the parent(s) at the time of referral all fees incurred to such point are nonrefundable and non-transferable. If prospective adoptive parent(s) choose to terminate an adoption proceeding before finalization because of a serious medical problem unknown at the time of referral, some fees, minus that already expended for xxxxxx care, child care, legal services and/or medical care of the child may be transferable to another child referral. From the date an adoption is considered finalized in a foreign country, the child shall be considered a legal dependant of the prospective adoptive parent(s), who...
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Legal Risk. Insolvency Proceedings with respect to the OriginatorSection 108 of the German Insolvency Code (Insolvenzordnung)" above, it is one of the preconditions for the applicability of section 108 InsO that title to the Vehicles has been transferred to the Original Financier for security purposes. If such transfer for security purposes is invalid for whatever reason, section 108 InsO does not apply. There are certain jurisdictions which do not recognise a German law transfer for security purposes under all circumstances. Therefore, if the leased objects either have been in such countries at the time the lessor and the third party financier tried to establish the preconditions of section 108 InsO or have been brought to countries which do not recognise a transfer for security purposes after the preconditions of section 108 InsO had been established, there is a risk that section 108 InsO does not apply in an insolvency scenario of the Originator. In particular, it is disputed whether a transfer of title for security purposes comes alive again, if (i) the leased object was in Germany at the time the preconditions of section 108 InsO had been implemented,
Legal Risk. Legal risk is the risk of loss that results when a contract cannot be enforced or when a counterparty fails to fulfill its contractual obligations. This includes risks arising from insufficient documentation, insufficient authority, uncertain legality, and unenforceability due to bankruptcy or insolvency.
Legal Risk. JPMorgan Chase faces significant legal risks, both from regulatory investigations and proceedings and from private actions brought against JPMorgan Chase JPMorgan Chase is named as a defendant or is otherwise involved in various legal proceedings, including class actions and other litigation or disputes with third parties. There is no assurance that litigation with private parties will not increase in the future. Actions currently pending against JPMorgan Chase may result in judgments, settlements, fines, penalties or other results adverse to JPMorgan Chase, which could materially adversely affect JPMorgan Chase's business, financial condition or results of operations, or cause serious reputational harm to JPMorgan Chase. As a participant in the financial services industry, it is likely that JPMorgan Chase will continue to experience a high level of litigation related to its businesses and operations. JPMorgan Chase's businesses and operations are also subject to increasing regulatory oversight and scrutiny, which may lead to additional regulatory investigations or enforcement actions. In 2012, JPMorgan Chase was the subject of Consent Orders from its banking regulators and entered into a global settlement with federal and state governmental agencies relating to its mortgage servicing and origination activities. In January 2013, JPMorgan Chase also entered into Consent Orders with its banking regulators related to risk management, model governance and other control functions related to CIO and certain other trading activities at JPMorgan Chase and with respect to JPMorgan Chase's and certain of its bank subsidiaries' policies, procedures and controls relating to compliance with BSA and AML requirements. As the regulators continue to examine the operations of JPMorgan Chase and its bank subsidiaries, there is no assurance that additional consent orders or other enforcement actions will not be issued by them in the future. These and other initiatives from federal and state officials may subject JPMorgan Chase to further judgments, settlements, fines or penalties, or cause JPMorgan Chase to be required to restructure its operations and activities, all of which could lead to reputational issues, or higher operational costs, thereby reducing JPMorgan Chase's revenue.
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