Risk distribution Sample Clauses

The Risk Distribution clause defines how potential risks and liabilities are allocated between the parties involved in an agreement. Typically, this clause specifies which party is responsible for certain types of losses, damages, or unforeseen events, such as property damage, personal injury, or financial loss. For example, it may state that the supplier assumes the risk of goods in transit until delivery, after which the buyer takes on responsibility. The core function of this clause is to provide clarity and certainty regarding risk allocation, thereby minimizing disputes and ensuring that each party understands their responsibilities in the event of adverse circumstances.
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Risk distribution. 14.1. The risk, associated with the obligations under this Agreement, is shared by the Parties in accordance to the terms specified in this Agreement and its annexes, including the Matrix of Risk distribution between Parties laid out in the annex No. 4 to the Agreement. 14.2. Should an archaeological risk, attributable to the Public partner, occur during the performance of Works, i.e. if any movable and/or immovable cultural valuables, relics, antiques, or other objects with artistic, historical, cultural, scientific, or monetary value or human remains are found in the Land plot, the Private partner must: 14.2.1. inform the Public partner about such findings as soon as possible; 14.2.2. if necessary, stop the Works to such extent, where carrying out of works could present a risk for the findings, or would limit or prevent excavation thereof; and 14.2.3. take all necessary measures for preserving the findings in the position and conditions, as they were initially found. 14.3. The Public partner must present instructions to the Private partner, indicating actions that it demands to be taken with respect to the findings, as soon as possible, but in any case no later than within 10 (ten) Business days. The Private partner must immediately and carefully carry out all such instructions of the Public partner, if the instructions are not in conflict with the Specifications or legislation requirements. If the Public partner will fail to provide the instructions, specified in this paragraph, or if they will be in conflict with the Specifications or legislation requirements, the Private partner will have to deal with the findings in accordance with the legislation requirements, informing the Public partner of such decision in writing. 14.4. The Private partner shall allow the representatives and/or officers of the Public partner or other public institutions to access the Land plot(s) in order to remove or transfer the findings, provided that the necessary safety requirements, applicable in the Land plot(s), will be followed when entering the Land plot(s).
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Risk distribution. 14.1. The risk, associated with the obligations under this Agreement, is shared by the Parties in accordance to the terms specified in this Agreement and its annexes, including the Matrix of Risk distribution between Parties laid out in the annex No. 4 to the Agreement. 14.2. Should an archaeological risk, attributable to the Granting institution, occur during the performance of Works, i.
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Risk distribution. The advantage of using the public-private partnership model for implementing the project consists in an optimal, balanced and economically effective distribution of the risks associated with project implementation between the parties to the concession agreement.
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Risk distribution. Failure or underperformance by one licensee doesn't have as much impact on overall revenues, as there are other licensees that continue to provide income. Cons for Licensors:
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Risk distribution. Transfer of Ownership (GCC Clause 34)
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Risk distribution 
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Related to Risk distribution

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • Liquidation Distribution Distributions made upon dissolution of the Partnership shall be made as provided in Section 9.03.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

  • Final Distribution The Issuer shall give the Indenture Trustee at least 30 days written notice of the Payment Date on which the Noteholders of any Series, Class or Tranche may surrender their Notes for payment of the final distribution on and cancellation of such Notes. Not later than the fifth day of the month in which the final distribution in respect of such Series, Class or Tranche is payable to Noteholders, the Indenture Trustee shall provide notice to Noteholders of such Series, Class or Tranche specifying (i) the date upon which final payment of such Series, Class or Tranche will be made upon presentation and surrender of Notes of such Series, Class or Tranche at the office or offices therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such payment date is not applicable, payments being made only upon presentation and surrender of such Notes at the office or offices therein specified (which, in the case of Bearer Notes, shall be outside the United States). The Indenture Trustee shall give such notice to the Note Registrar and the Paying Agent at the time such notice is given to Noteholders. (a) Notwithstanding a final distribution to the Noteholders of any Series, Class or Tranche of Notes (or the termination of the Issuer), except as otherwise provided in this paragraph, all funds then on deposit in any Issuer Account allocated to such Noteholders shall continue to be held in trust for the benefit of such Noteholders, and the Paying Agent or the Indenture Trustee shall pay such funds to such Noteholders upon surrender of their Notes, if certificated. In the event that all such Noteholders shall not surrender their Notes for cancellation within 6 months after the date specified in the notice from the Indenture Trustee described in paragraph (a), the Indenture Trustee shall give a second notice to the remaining such Noteholders to surrender their Notes for cancellation and receive the final distribution with respect thereto (which surrender and payment, in the case of Bearer Notes, shall be outside the United States). If within one year after the second notice all such Notes shall not have been surrendered for cancellation, the Indenture Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining such Noteholders concerning surrender of their Notes, and the cost thereof shall be paid out of the funds in the Collection Account or any Supplemental Issuer Accounts held for the benefit of such Noteholders. The Indenture Trustee and the Paying Agent shall pay to the Issuer any monies held by them for the payment of principal or interest that remains unclaimed for two years. After payment to the Issuer, Noteholders entitled to the money must look to the Issuer for payment as general creditors unless an applicable abandoned property law designates another Person.

  • REMIC Distributions On each Distribution Date the Trustee shall be deemed to have allocated distributions to the REMIC I Regular Interests, REMIC II Regular Interests, Class CE Interest, Class P Interest and Class IO Interest in accordance with Section 5.07 hereof.