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 ▇▇▇▇▇, 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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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.

Risk Allocation. The E/A/S’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 the E/A/S, other than for professional errors, omissions or negligence will be limited to the E/A/S’s general liability insurance coverage of $1,000,000.00.

Examples of Risk Allocation in a sentence

• The fixed percentages are monitored at the master model allocation level for each Active Risk Allocation Portfolio rather than at the individual client Account level.

• You understand that your Account invested in Active Risk Allocation Portfolios will be rebalanced on a fixed, automated basis (i) no less frequently than quarterly to maintain these fixed percentages; and (ii) periodically when a market-driven event causes the allocation to either the Columbia Adaptive Risk Allocation Fund or the Columbia Alternative Beta Fund to vary by more than 3% from its respective stated allocation.

• If your Account invests in Active Risk Allocation Portfolios, you will be notified in advance of any future planned changes to these fixed allocations.

• The provisions of Section 6 (Confidentiality), Section 7 (Termination), Section 8 (Risk Allocation) and Section 9 (Miscellaneous) shall survive any expiration or termination of this Agreement.

• You acknowledge and agree that where you select an Active Risk Allocation Portfolio, Columbia Management Investment Advisers, LLC (“CMIA”), the Investment Manager and an affiliate of Sponsor, will utilize a fixed allocation approach of 40% to Columbia Adaptive Risk Allocation Fund, 10% Columbia Multi Strategy Alternatives Fund and 50% to a variety of non-affiliated ETFs and mutual funds (“Non-Affiliated Funds”) selected by CMIA.

• Further guidance, including government preferred risk allocations, is provided in the Partnerships Victoria Risk Allocation and Contractual Issues Guide5.

• The provisions of Sections 4.1 (Payments) and 4.2 (Quarterly Statements) (solely with respect to payment obligations accrued prior to termination); Section 4.3 (Audit Rights), Section 5 (Representations and Warranties), Section 6 (Confidentiality), Section 7 (Termination), Section 8 (Risk Allocation) and Section 9 (Miscellaneous) shall survive any expiration or termination of this Agreement.

• Professional consultant’s indemnification obligation as set forth herein is expressly subject to and limited by the limitation of liability provision agreed upon by the Owner and Professional consultant as set forth in Section 17 Risk Allocation of this Agreement.

• The provisions of Section 7 (Confidentiality), Section 8 (Termination), Section 9 (Risk Allocation) and Section 10 (Miscellaneous) shall survive any expiration or termination of this Agreement.

• Series: AB Balanced Wealth Strategy Portfolio AB Dynamic Asset Allocation Portfolio AB Global Thematic Growth Portfolio AB Growth and Income Portfolio AB Intermediate Bond Portfolio AB International Growth Portfolio AB International Value Portfolio AB Large Cap Growth Portfolio AB Small Cap Growth Portfolio AB Small-Mid Cap Value Portfolio AB Global Risk Allocation – Moderate Portfolio Registrant: ▇▇▇▇▇▇▇ ▇.