Risk Allocation definition

Risk Allocation. IMEG’s liability to the Client for injury or damage to persons or property arising out of work performed for the Client and for which liability may be found to rest upon IMEG, other than for professional errors, omissions or negligence, will be limited to IMEG’s general liability insurance coverage of $1,000,000. Hazardous Environmental Conditions: Unless expressly stated in writing, IMEG does not provide assessments of the existence or presence of any hazardous or other environmental conditions or environmental contaminants or materials (“Hazardous Environmental Conditions”). Client shall inform IMEG of any and all known Hazardous Environmental Conditions before services are provided involving or affecting them. If unknown Hazardous Environmental Conditions are encountered, IMEG will notify the Client and, as appropriate, government officials of such conditions. IMEG may, without liability or reduction or delay of compensation due, proceed to suspend services on the affected portion of the project until Client takes appropriate action to xxxxx, remediate, or remove the Hazardous Environmental Condition. IMEG shall not be considered an “arranger”, “operator”, “generator”, “transporter”, “owner”, or “responsible party” of or with respect to contaminants, materials or substances. IMEG shall assume no liability whatsoever for correction of any Hazardous Environmental Conditions; and shall be entitled to payment or reimbursement of expenses, costs or damages occasioned by undisclosed Hazardous Environmental Conditions. Buried Utilities: Client shall be responsible for designating the location of all utility lines and subterranean structures within the property lines of the Project. Client agrees to waive any claim against IMEG and to defend, indemnify and hold IMEG harmless for any claim or liability for injury or loss arising from IMEG or other persons encountering utilities or other manmade objects that were not brought to IMEG’s attention or which were not properly located on the plans furnished to IMEG. Client further agrees to compensate IMEG for any and all time, costs and expenses incurred by IMEG in defense of any such claim, in accordance with IMEG’s then effective standard hourly fee schedule and expense reimbursement policy.
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Risk Allocation. The allocation of risk and liability set out in this Agreement is an essential part of the bargain between the Parties and an inducement to the Parties to enter into this Agreement.
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Examples of Risk Allocation in a sentence

  • We endorse the G20/OECD Guidance Note on Diversification of Financial Instruments for Infrastructure and SMEs and we welcome the Annotated Public-Private Partnership (PPP) Risk Allocation Matrices completed by the GIH to help developing countries better assess infrastructure risks.

  • Economic- Risk Allocation Matrix- Project and Financing Milestones Economic and financial analyses, Location map Preliminary design, specification of works and materials Engineer’s Estimate in the BOQ format, as necessary At this stage consultant should also suggest / propose component different suitable procurement options for proposed projects/module under the respective component.

  • Risk Allocation: The Design-Build Agreement will allocate risks to the party best able to manage that risk.

  • Economic- Risk Allocation Matrix- Project and Financing Milestones• Economic and financial analyses,• Location map• Preliminary design, specification of works and materials• Engineer’s Estimate in the BOQ format, as necessary• At this stage consultant should also suggest / propose component different suitable procurement options for proposed projects/module under the respective component.

  • The 'Risk Allocation' methodology for Global Diversified is different.

  • It is the intention of the DBSA to award one (1) RFQ per Service Provider, however the DBSA reserves the right to award more than one (1) RFQ per Service Provider, subject to the Value for Money, Risk Allocation and Risk Profile of the bidder.

  • Step 3 – Update Potential Risk Allocation The undertaking of risk allocation becomes more significant during procurement as risk transfer has to be fully defined in the P3 project agreement.

  • Determination of Contractor’s employment may only take place for the reasons given in GCC Clause 81 or the SCC Clause as promulgated in ETWB TCW No. 23/2004 - "Right of the Employer to Terminate for Convenience and Risk Allocation with respect to Changes in Law'.

  • Frost, Asset Securitization and Corporate Risk Allocation, 72 Tul.

  • The offer of award will be informed by the best Value for Money, Risk Allocation and Risk Profile of the bidder.• Value for Money = Improved total cost.• Risk Allocation = Considering other awards made, including the logistical allocation of other projects.• Risk Profile = Considering the profiles of entities, such as but not limited to Procure Check, PEP Checks, Directorship and DBSA Project non-performance concerns etc.

Related to Risk Allocation

  • Load allocation means the portion of a receiving water's loading capacity that is allocated to one

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Treasury Bills, which may be held without limit:

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Waste load allocation means (i) the water quality-based annual mass load of total nitrogen or

  • Required Allocations means (a) any limitation imposed on any allocation of Net Losses or Net Termination Losses under Section 6.1(b) or 6.1(c)(ii) and (b) any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), 6.1(d)(ii), 6.1(d)(iv), 6.1(d)(vii) or 6.1(d)(ix).

  • Allocation shall have the meaning set forth in Section 2.7.

  • Final Allocation has the meaning set forth in Section 2.3.

  • Class B Fixed Allocation means, with respect to any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Investor Interest as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the Investor Interest as of the close of business on the last day of the Revolving Period.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • conditional allocation ’ means an allocation to a province or municipality from the national government’s share of revenue raised nationally, envisaged in section 214(1)(c) of the Constitution, as set out in Schedule 4, 5, 6 or 7;

  • Initial Allocation means the conditional setting aside by MBOH of HCs from a particular year’s federal LIHTC allocation to the state for purposes of later Carryover Commitment and/or Final Allocation to a particular Project, as documented by and subject to the requirements and conditions set forth in a written Reservation Agreement, the Applicable QAP and federal law.

  • Allocation Area means that part of a military base development area to which an allocation provision of a declaratory resolution adopted under section 16 of this chapter refers for purposes of distribution and allocation of property taxes.

  • Allocations means any and all of the allocations described in Sections 1.3(a), 1.3(b), 1.3(c) and 1.3(d) hereof.

  • Cost Allocation Plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

  • Carryover Allocation means an Allocation made to the Project if the Project will not be Placed in Service by close of the calendar year of the Allocation.

  • Loss Allocation Limitation As defined in Section 4.4(g).

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Plan of Allocation means the proposed plan of allocation of the Net Settlement Fund set forth in the Notice.

  • Authorized Allocation means an amount equivalent to $1,000,000 to be withdrawn from the Loan Account and deposited into the Special Account pursuant to paragraph 3 (a) of this Schedule, provided, however, that unless the Bank shall otherwise agree, the Authorized Allocation shall be limited to an amount equivalent to $500,000 until the aggregate amount of withdrawals from the Loan Account plus the total amount of all outstanding special commitments entered into by the Bank pursuant to Section 5.02 of the General Conditions shall be equal to or exceed the equivalent of $2,000,000.

  • Agreed Allocation means any allocation, other than a Required Allocation, of an item of income, gain, loss or deduction pursuant to the provisions of Section 6.1, including a Curative Allocation (if appropriate to the context in which the term “Agreed Allocation” is used).

  • Claims Allocation and Handling Agreement means the agreement of that name approved by XXX;

  • Curative Allocation means any allocation of an item of income, gain, deduction, loss or credit pursuant to the provisions of Section 6.1(d)(xi).

  • Allocation Period means (a) the period commencing on February 10, 2016 and ending on December 31, 2016, (b) any subsequent period commencing on January 1 and ending on the following December 31, or (c) any portion of the period described in clause (a) or (b) for which the Partnership is required to allocate Net Profits, Net Losses, and other items of Partnership income, gain, loss or deduction pursuant to ARTICLE IV.

  • Tax Allocation Agreement means the Tax Allocation Agreement between Corporation and New D&B.

  • Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.