Risk Event Reporting Sample Clauses

Risk Event Reporting. For purposes of the Agreement, a “Risk Event” means any event that occurs in the Administrator’s Operations, which either relates directly to the performance of services for the Managing Member or affects the Administrator’s ability to support an operating model capable of providing the services, that in the reasonable opinion of the Administrator has or is likely to result in (a) harm to the reputation or operations of the Managing Member or any other Federal Reserve Managing Member or the Board of Governors of the Federal Reserve System (a “Federal Reserve System Entity”); (b) risk of financial loss to the Managing Member or any other Federal Reserve System Entity; or (c) risk of legal liability for the Managing Member or any other Federal Reserve System Entity. Risk Events may include, without limitation, unplanned and nonroutine events in the Administrator’s operations; external events that affect the Administrator’s business processes or controls, including security breaches; human errors or technological failures or disruptions to the Administrator’s Operations; and misconduct by the Administrator’s officers or directors or by employees or contractors assigned to provide Services to the Managing Member. Promptly after the Administrator determines that a Risk Event has occurred, the Administrator shall notify the Managing Member by telephone and, if the Risk Event relates to a security breach, by email addressed to in accordance with Section 8 above, provided that the foregoing notice obligation is limited, or excused for such period of time as the Administrator is prohibited by law, rule, regulation, or other governmental authority from notifying the LLC or the Managing Member. In all cases, the Administrator shall send written notice of the Risk Event not more than 72 hours after the Administrator determines that a Risk Event occurred. In all cases, the notice is to describe the Risk Event in reasonable detail. The Administrator shall use commercially reasonable efforts to mitigate the effects of the Risk Event on the Managing Member or other Federal Reserve System Entities and to cooperate with the Managing Member to remediate the root cause and any resulting liability or harm. The Administrator shall notify the Managing Member in writing as soon as practicable of developments regarding the Risk Event, including the root cause of the Risk Event, the Administrator’s assessment of the impact on the Managing Member or other Federal Reserve System Enti...
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Risk Event Reporting. For purposes of the Agreement, a "Risk Event" means any event that occurs in the Manager's operations, whether related directly to the performance of services for the Client, the New York Fed or otherwise, that in the reasonable opinion of the Manager may result in (i) harm to the reputation or operations of the New York Fed or any other Federal Reserve or the Board of Governors (a "Federal Reserve System Entity"); (ii) risk of financial loss to the Client, the New York Fed, or any other Federal Reserve System Entity; or (iii) risk of legal liability for the Client, the New York Fed, or any other Federal Reserve System Entity. Risk Events include, without limitation, unplanned and non-routine events in the Manager's operations; external events that affect the Manager's business processes or controls, including security breaches; human errors or technological failures or disruptions to the Manager's Operations; and misconduct by the Manager's officers or directors or by employees or contractors assigned to provide services to the Client and/or the New York Fed. Promptly after the Manager determines that a Risk Event has occurred, the Manager shall promptly notify the New York Fed General Counsel by telephone and, if the Risk Event relates to a security breach, by email addressed to and xxx@xx.xxx.xxx.. In all cases, the notice is to describe the Risk Event in reasonable detail. The Manager shall take all measures reasonably required to mitigate the effects of the Risk Event on the Company, the New York Fed or other Federal Reserve System Entities and to cooperate with the New York Fed to remediate the root cause and any resulting liability or harm on a commercially reasonable basis. The Manager shall notify the New York Fed in writing as soon as practicable of developments regarding the Risk Event, including the root cause of the Risk Event, the Manager's assessment of the impact on the Client, the New York Fed or other Federal Reserve System Entities, short-term and long-term remediation action plans to be undertaken to address both the Risk Event and its root cause, and periodic progress made toward completion of the proposed action plans, including notice of the completion of any planned remediation. The Manager shall also maintain a log of all such events and retain such records in accordance with Section 12.
Sample 1
Risk Event Reporting. Promptly after an Account Party determines that a Risk Event has occurred, the Account Party shall notify FRBNY by telephone and, if the Risk Event relates to a security breach, by email addressed to and xxxxxx@xx.xxx.xxx. In all cases, the Account Party shall send written notice of the Risk Event not more than three (3) Business Days after the Account Party determines that a Risk Event occurred. In all cases, the notice is to describe the Risk Event in reasonable detail. The Account Party shall take all measures reasonably required by the FRBNY to mitigate the effects of the Risk Event on Company, FRBNY or other Federal Reserve System entities and to cooperate with FRBNY to remediate the root cause and any resulting liability or harm on a commercially reasonable basis. The Account Party shall notify FRBNY in writing as soon as practicable of developments regarding the Risk Event, including the root cause of the Risk Event, the Account Party’s assessment of the impact on Company, FRBNY or other Federal Reserve System entities, short- term and long-term remediation action plans to be undertaken to address both the Risk Event and its root cause, and periodic progress made toward completion of the proposed action plans, including notice of the completion of any planned remediation.
Sample 1
Risk Event Reporting. Promptly after an Account Party determines that a Risk Event has occurred, the Account Party shall notify New York Fed by telephone and, if the Risk Event relates to a security breach, by email addressed to and XXX@xx.xxx.xxx. In all cases, the Account Party shall send written notice of the Risk Event not more than three (3) Business Days after the Account Party determines that a Risk Event occurred. In all cases, the notice is to describe the Risk Event in reasonable detail. The Account Party shall take all measures reasonably required by the New York Fed to mitigate the effects of the Risk Event on Company, New York Fed or other Federal Reserve System entities and to cooperate with New York Fed to remediate the root cause and any resulting liability or harm on a commercially reasonable basis. The Account Party shall notify New York Fed in writing as soon as practicable of developments regarding the Risk Event, including the root cause of the Risk Event, the Account Party’s assessment of the impact on Company, New York Fed or other Federal Reserve System entities, short-term and long-term remediation action plans to be undertaken to address both the Risk Event and its root cause, and periodic progress made toward completion of the proposed action plans, including notice of the completion of any planned remediation.
Sample 1

Related to Risk Event Reporting

  • Adverse Event Reporting Both Parties acknowledge the obligation to comply with the Protocol and / or applicable regulations governing the collection and reporting of adverse events of which they may become aware during the course of the Clinical Trial. Both Parties agree to fulfil and ensure that their Agents fulfil regulatory requirements with respect to the reporting of adverse events.

  • Incident Reporting Transfer Agent will use commercially reasonable efforts to promptly furnish to Fund information that Transfer Agent has regarding the general circumstances and extent of such unauthorized access to the Fund Data.

  • Management Reporting (a) Provide periodic reports, in accordance with agreed upon frequency and content parameters, to the Funds. As reasonably requested by the Funds, the Transfer Agent shall furnish ad hoc reports to the Funds.

  • Accident Reporting 25.1 If You or an Authorised Driver has an Accident or if the Vehicle is stolen You must report the Accident or theft to Us within 24 hours of it occurring and fully complete an Accident/Theft report form.

  • Progress Reporting 5. The IP will submit to UNICEF narrative progress reports against the planned activities contained in the Programme Document, using the PDPR. Unless otherwise agreed between the Parties in writing, these reports will be submitted at the end of every Quarter. The final report will be submitted no later than thirty (30) calendar days after the end the Programme and will be provided together with the FACE form.

  • Fault Reporting 5.1 We are responsible for correcting faults in supplying the Voice Services. You must provide all necessary assistance to enable us to locate and repair any fault which is our responsibility.

  • CHILD ABUSE REPORTING CONTRACTOR hereby agrees to annually train all staff members, including volunteers, so that they are familiar with and agree to adhere to its own child and dependent adult abuse reporting obligations and procedures as specified in California Penal Code section 11165.7, AB 1432, and Education Code 44691. To protect the privacy rights of all parties involved (i.e., reporter, child and alleged abuser), reports will remain confidential as required by law and professional ethical mandates. A written statement acknowledging the legal requirements of such reporting and verification of staff adherence to such reporting shall be submitted to the LEA.

  • Security Incident Reporting A security incident occurs when CDA information assets are or reasonably believed to have been accessed, modified, destroyed, or disclosed without proper authorization, or are lost, or stolen. Subrecipient must comply with CDA’s security incident reporting procedures located at xxxxx://xxx.xxxxx.xx.xxx/ProgramsProviders/#Resources.

  • Adverse Events Subsequent to the date hereof, there shall not have occurred any of the following: (i) a suspension or material limitation in trading in securities generally on the New York Stock Exchange, the NASDAQ National Market or the NASDAQ Global Market, (ii) a general moratorium on commercial banking activities in the People’s Republic of China or New York, (iii) the outbreak or escalation of hostilities involving the United States or the People’s Republic of China or the declaration by the United States or the People’s Republic of China of a national emergency or war if the effect of any such event specified in this clause (iii) in your reasonable judgment makes it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares on the terms and in the manner contemplated in the Prospectus, or (iv) such a material adverse change in general economic, political, financial or international conditions affecting financial markets in the United States or the People’s Republic of China having a material adverse impact on trading prices of securities in general, as, in your reasonable judgment, makes it impracticable or inadvisable to proceed with the public offering of the Shares or the delivery of the Shares on the terms and in the manner contemplated in the Prospectus.

  • Reporting Frequency During any period of time when you are subject to the requirement in paragraph 1 of this award term and condition, you must report proceedings information through XXX for the most recent five year period, either to report new information about any proceeding(s) that you have not reported previously or affirm that there is no new information to report. Recipients that have Federal contract, grant, and cooperative agreement awards with a cumulative total value greater than $10,000,000 must disclose semiannually any information about the criminal, civil, and administrative proceedings.

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