Specific Risks Clause Samples
The 'Specific Risks' clause identifies and allocates responsibility for particular risks that may arise during the performance of a contract. It typically lists certain events or circumstances—such as natural disasters, regulatory changes, or supply chain disruptions—and specifies which party will bear the associated costs or liabilities. By clearly assigning responsibility for these predefined risks, the clause helps prevent disputes and ensures that both parties understand their obligations in the event such risks materialize.
Specific Risks. It is important to note that certain bonds may contain special features and risks that warrant special attention. These include: Perpetual bonds Perpetual debentures do not have a maturity date, and the coupon payments pay- out depends on the viability of the issuer in the very long term, it may be deferred or even suspended subject to the terms and conditions of the issue. Furthermore, perpetual debentures are often callable and/or subordinated, and bear re-investment risk and/or subordinated bond risk, as detailed below. Re-investment risk of callable bonds If the bond is callable in which the issuer may redeem the bond before maturity, it is subject to re-investment risk. The yield received when re- investing the proceeds may be less favourable. Subordinated bonds Holders of subordinated debentures will bear higher risks than holders of senior debentures of the issuer due to a lower priority of claim in event of the issuer’s liquidation. Subordinated debentures are unsecured and have lesser priority than that of an additional debt claim of the same asset. They usually have a lower credit rating than senior bonds. Your specific attention is drawn to the credit information of this product, including the respective credit rating of the issuer, the debenture and/or the guarantor, as the case may be. Bonds with variable coupon/coupon deferral features If the bonds contain variable and/or deferral of interest payment terms, then you would face uncertainty over the amount and time of the interest payments to be received. Bonds with extendable maturity date If the bonds contain extendable maturity date terms, then you would not have a definite schedule of principal repayment. Convertible or exchangeable bonds Convertible or Exchangeable bonds are convertible or exchangeable in nature and the Client is subject to both equity and bond investment risk. They may additionally have a contingent write-down or loss absorption feature, meaning the bond may be written-off fully or partially or converted to common stock on the occurrence of a trigger event. These bonds generally absorb losses while the issuer remains a going concern. Before investing in bonds of this nature, you should pay extra attention to its features, the trigger events, the implications and consequences of such trigger events. Multiple credit support providers This refers to bonds with more than one guarantor. You should take into account matters such as the credibility of the guarantors, whether suc...
Specific Risks. The following risks are identified by the Project Manager and Contractor specifically addresses these risks to ensure that the works is carried out safely:
a) Working at heights
b) Dusty conditions
c) High noise area
d) Work is being carried out overhead by others
e) Work is being carried out below
f) Work in confined spaces
g) Possibility of noxious gasses
h) Possibility of fires or explosions
i) Rigging
Specific Risks. The following risks are identified by the Project Manager and Contractor specifically addresses these risks to ensure that the works is carried out safely:
Specific Risks. Some of the key risks associated with applications to purchase, and the holding of Invox Tokens, are summarised in the following table.
(a) The development and deployment of the Invox Platform may not occur as planned The development of public blockchain software is a very new field and there is a risk that the development and deployment of the Invox Platform could be delayed or not eventuate. While the Company intends to develop the Invox Platform , changes may need to be made to the plans and timeline for the development and deployment of that product. This could create a risk that the platform as envisaged and Tokens to be issued are delayed, despite the Company’s best efforts to deliver the platform. Further, while the Company also intends to adopt industry standard software development for the Invox Platform , there is a risk that the platform could suffer from malfunctions or unexpected performance issues in the future. If there are delays in the development or deployment of the Invox Platform this could impact the adoption of the Token. You should understand that while the Company will make reasonable efforts to complete the Invox Platform , there may be circumstances beyond the Company’s control which result in delays, a more limited release, or in the worst case, a functioning Invox Platform may not be created at all. These risks could directly impact the potential for adoption and use of the Token.
(b) Risk of losing access to your tokens due to a loss of your private key As noted above, a key general risk is that you lose your private key(s) which control your Tokens. The Company accepts no responsibility and will be unable to assist any Token Holder to recover lost Tokens if the private key(s) for the wallet or vault holding the Tokens is lost and the Tokens are transferred to a third party.
(c) Mining attacks All decentralised cryptographic tokens based on Ethereum are at risk of attacks by miners in a network. In these attacks, including a “51% attack”, a bad actor can gain control over the majority of a network and verify false transactions, or launch double-spend attacks which involve a party attempting to transfer the same Tokens to different parties. All public blockchains are presently at risk of mining attacks and as such could cause impairment to the blockchain and reduce the reliability of and adoption of the Tokens.
(d) Hacking and cyber threats Hackers may attempt to steal cryptocurrencies used as part of Applications during our Tok...
Specific Risks. It is important to note that certain bonds may contain special features and risks that warrant special attention. These include:
(i) Perpetual bonds Perpetual debentures do not have a maturity date, and the coupon payments pay-out depends on the viability of the issuer in the very long term, it may be deferred or even suspended subject to the terms and conditions of the issue. Furthermore, perpetual debentures are often If the bond is callable in which the issuer may redeem the bond before maturity, it is subject to re-investment risk. The yield received when re- investing the proceeds may be less favourable.