Customer Risk definition

Customer Risk means the risk for obliged parties to be abused due to the business field of the customer allowing intensive cash flow, purchasing of valuable goods or international fund transfers to be carried out easily; and due to the acts of customer or those acting on behalf or for the benefit of the customer for money laundering or terrorist financing purposes;
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Customer Risk means any change with respect to any of the customers of the Companies or the relationship between any of such customers and all or any of the Companies for any reason including, without limitation, the announcement of the execution and delivery hereof, but excluding any changes arising from (i) any material failure of any Company to comply with the material terms of any applicable agreement with any of the Top Customers or to supply any such Top Customers, in all material respects, with products or services in the same manner and of the same type as have been provided by the Companies during the twelve month period prior to the date hereof, and (ii) any plans or intentions (including changes in specifications, anticipated purchasing levels, or contractual arrangements) communicated in writing by a Top Customer to any Company during the twelve month period prior to the date hereof, or of which there otherwise is Seller’s Knowledge, other than such plans or intentions as may have already been reflected in the terms of a Top Customer Contract.
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Examples of Customer Risk in a sentence

  • The Goods shall remain at the sole risk of the Customer during the Rental Period and any further term during which the Goods are in the possession, custody or control of the Customer (Risk Period) until such time as the Goods are redelivered to the Supplier.

  • Customer Risk Management Data will be used by the Supplier to conduct Customer Risk Management and to create and enhance Customer risk profiles and from time to time the Supplier may match elements of the Customer Risk Management Data across the Supplier’s platform in order to do so.

  • If a Tanker load of Milk fails a Customer Risk Assessment and the Milk contained in that Tanker is not able to be on-sold elsewhere or used by ACM, all affected Milk contained in the Tanker may be disposed of.

  • OTHER THAN ANTIBIOTICS ACM’s customers may perform their own testing and risk assessment in relation to the Milk delivered to them by ACM (Customer Risk Assessment).

  • The Goods shall remain at the sole risk of the Customer during the Rental Period and any further term during which the Goods is in the possession, custody or control of the Customer (Risk Period) until such time as the Goods are redelivered to the Supplier.

  • The Equipment shall remain at the sole risk of The Customer during the Rental Period and any further term during which the Equipment is in the possession, custody or control of the Customer (Risk Period) until such time as the Equipment is redelivered to Audioserv.

  • The Equipment shall remain at the sole risk of the Customer during the Rental Period and any further term during which the Equipment is in the possession, custody or control of the Customer ("Risk Period") until such time as the Equipment is redelivered to CTM.

  • If a Tanker load of Milk fails a Customer Risk Assessment, any Supplier who contributed Milk to that Tanker may be required to undergo additional screening and testing in order to determine which Supplier supplied the Milk which caused the failure of a Customer Risk Assessment.

  • If ACM is unable to recover the costs associated with having to dispose of Milk which has failed a Customer Risk Assessment, any Supplier who contributed Milk which led to such failure may be held liable for the costs incurred by ACM in relation to such Tanker and the costs of the disposal of affected Milk (including Milk delivered to ACM by other Suppliers).

  • In order for the Client to communicate professionally with Customers, the Supplier shall, as soon as reasonably practicable after receipt of the Client’s written request, provide to the Client all relevant information in the Supplier’s possession or control in connection with the Service concerning Customers who are affected by Supplier’s Customer Risk Management decisions.

Related to Customer Risk

  • Customer User means an employee of Customer, a Customer Affiliate or Business Partner.

  • Customer System means the Customer's computing environment (consisting of hardware, software and/or telecommunications networks or equipment) used by the Customer or the Supplier in connection with this Contract which is owned by or licensed to the Customer by a third party and which interfaces with the Supplier System or which is necessary for the Customer to receive the Services;

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;

  • Supplier System the information and communications technology system used by the Supplier in performing the Services including any software, the Equipment and related cabling (but excluding the Commissioner System);

  • Customer Systems means the Customer's information technology infrastructure, including computers, software, hardware, databases, electronic systems (including database management systems) and networks, whether operated directly by Customer or through the use of third-party services.