Project Risk Sample Clauses
The Project Risk clause defines how risks associated with a project are identified, allocated, and managed between the parties involved. Typically, this clause outlines which party is responsible for specific types of risks, such as delays, cost overruns, or unforeseen site conditions, and may require the implementation of risk mitigation strategies like insurance or contingency planning. Its core function is to ensure that both parties clearly understand their responsibilities regarding potential project risks, thereby minimizing disputes and promoting effective risk management throughout the project's lifecycle.
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Project Risk. ALLOCATION Subject to Article 11, the Parties agree to allocate project risk as follows: (Select One):
Project Risk. To the extent the Fund invests in infrastructure companies which are dependent to a significant extent on new infrastructure projects, the Fund may be exposed to the risk that the project will not be completed within budget, within the agreed time frame or to agreed specifications. Each of these factors may adversely affect the Fund’s return from that investment.
Project Risk. Except to the extent that this Agreement or another Project Agreement expressly provides to the contrary, the Concessionaire accepts all risks relating to the Project, including:
(a) the actual cost of the Project (including cost increases and rates of interest) being greater than estimated;
(b) the passenger usage of the Interchange Facility being other than estimated;
Project Risk when requested, the Consultant will assist the DEN Project Manager define construction project risks).
Project Risk. Except as otherwise expressly provided in this Agreement (but without limiting the terms of any other Project Agreement), the Seller accepts all risks associated with the undertaking of the Project including:
(a) all risks associated with the costs of designing, procuring, constructing, erecting, installing, testing, commissioning and financing the Facility;
(b) the operation and maintenance of the Facility and the generation of Electricity by the Facility; and
(c) the decommissioning and removal of the Facility from the Site in accordance with the Usufruct Agreement.