Budget Risk definition

Budget Risk is defined as a risk which Encompass agrees to bear in relation to its annual budget as a result of an increase in demand for certain of the Services.
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Examples of Budget Risk in a sentence

  • The liability of BSC is governed by North Dakota Century Code chapter 32-12.2 and liability of other government entity parties is governed by North Dakota Century Code chapter 32-12.1 Consistent with applicable state statutes and Office of Management and Budget Risk Management Division policies, BSC shall procure and maintain liability insurance covering Facility and BSC’s management and operation of Facility and adopt and enforce reasonable rules regarding liability insurance for users.

  • For the purposes of clauses 1.11 to 1.16 "Budget Risk" is defined as a risk which Encompass agrees to bear in relation to its annual budget as a result of an increase in demand for certain of the Services.

  • The defined Services and Budget Risk shall be notified to the Council in a form to be agreed by Encompass and the Council.