Risk Amounts Sample Clauses
The 'Risk Amounts' clause defines the specific sums or values that represent the exposure or liability each party assumes under an agreement. Typically, this clause outlines how these amounts are calculated, what types of risks are covered (such as credit, market, or operational risks), and may set limits or thresholds for each party's responsibility. By clearly specifying the risk amounts, the clause ensures both parties understand their potential financial exposure, thereby allocating risk transparently and helping to prevent disputes over liability.
Risk Amounts. 4.1 NML shall retain no mortality risk on policies in the pool. Pool Reinsurers shall share equally in the net amount at risk so long as the policy is in force including by reinstatement and operation of a nonforfeiture option, except as otherwise expressly provided in Section 5, Section 6, Exhibit G, and as follows: