RMP Sample Clauses
The RMP (Risk Management Plan) clause defines the requirement for a formal plan outlining how risks will be identified, assessed, and managed throughout the duration of a project or contract. Typically, this clause obligates one or both parties to develop, maintain, and periodically update a document that details risk mitigation strategies, assigns responsibilities, and sets out procedures for monitoring and reporting risks. By establishing a structured approach to risk management, the RMP clause ensures that potential issues are proactively addressed, reducing the likelihood of disputes and project delays.
RMP. Purchaser hereby acknowledges receipt of the RMP.
RMP. The RMP contains FirstLight’s commitments to enhancing public recreation at the Projects for the next license term. For convenience and to avoid having to submit two separate and overlapping RMPs, recreational improvements for both Projects are contained in a single RMP. The RMP designates which recreational improvements pertain to which Project.