Common use of OPERATIONAL RISKS Clause in Contracts

OPERATIONAL RISKS. (a) A failure in GSI’s operational systems or infrastructure, or those of third parties, as well as human error, malfeasance or other misconduct, could impair GSI’s liquidity, disrupt its businesses, result in the disclosure of confidential information, damage its reputation and causelosses (b) A failure to protect GSI’s computer systems, networks and information, and its clients’ information, against cyber attacks and similar threats could impair its ability to conduct its businesses, result in the disclosure, theft or destruction of confidential information, damageits reputation and cause losses (c) GSI may incur losses as a result of ineffective risk management processes and strategies (d) GSI may incur losses as a result of unforeseen or catastrophic events, including pandemics, terrorist attacks, extremeweather events or other natural disasters (e) Climate change concerns could disrupt GSI’s businesses, adversely affect client activity levels, adversely affect the creditworthiness of its counterparties and damage its reputation (f) GSI is reliant on GSG and other GS Group affiliates for client business, various services and capital

Appears in 2 contracts

Sources: Base Prospectus, Base Prospectus