Risk Event definition

Risk Event means there occurs a loss of 5% or more of firmwide total capital from a reportable operational risk event determined in accordance with the firmwide Reporting Operational Risk Events Policy.

Risk Event means the occurrence of (a) a Credit Event or (b) an Additional Risk Event. “Risk Event Determination Date” the date on which the Issuer delivers a Risk Event Notice.

Risk Event means an event that either has occurred or has the potential to occur; there are two types of risks events: A good or positive event, and a bad or negative event.

Examples of Risk Event in a sentence

• Where there is no actual or likely pathway and/or no receptor, the emission will be screened out and will not be considered as a Risk Event.

• In undertaking its risk assessment, DWER will identify all potential emissions pathways and potential receptors to establish whether there is a Risk Event which requires detailed risk assessment.To establish a Risk Event there must be an emission, a receptor which may be exposed to that emission through an identified actual or likely pathway, and a potential adverse effect to the receptor from exposure to that emission.

• If, in respect of these Notes, a Risk Event Notice has not been given on or prior to the scheduled Maturity Date or the or the Grace Period Extension Date (if applicable) but a Risk Event may have occurred, such date may be postponed and, if a Risk Event subsequently occurs, these Notes will be redeemed as further described in the Conditions.

• Risk assessmentThe department assesses the risks of emissions from prescribed premises and identifies the potential source, pathway and impact to receptors in accordance with the Guidance Statement: Risk Assessments (DER 2017).To establish a Risk Event there must be an emission, a receptor which may be exposed to that emission through an identified actual or likely pathway, and a potential adverse effect to the receptor from exposure to that emission.

• The Issuer's obligations in respect of these Notes are irrespective of the existence or amount of the Issuer's, the Guarantor's and/or any of their respective affiliates' credit exposure to the Reference Entity and the Issuer, the Guarantor and/or any of their respective affiliates need not suffer any loss nor provide evidence of any loss as a result of the occurrence of a Risk Event.

More Definitions of Risk Event

Risk Event has the meaning assigned to such term in the Subordinated Debentures Indenture.

Risk Event has the meaning specified in Section 14.3(c).

Risk Event an occurrence or change of a particular set of circumstances that may have potentially adverse Consequencesconsequences and may require action to address. In particular, the occurrence of a Risk Event changes the Levelslevels of some or all of the Attributes of a risky situation.

Risk Event is defined in SS Section 1.1;

Risk Event a crisis, disaster, emergency or any other event or potential event (including a Force Majeure event) which is reasonably likely to have a material and adverse effect on a party’s ability to meet its obligations under this Agreement;

Risk Event means any of the following: (i) material breach by the Merchant of applicable laws and regulations; (ii) material deficiencies and/or weakness of information security system that causes an outage to one or more distinct service components thus impacting Wallet Pay Services; and (iii) material deficiencies and/or weakness of AML / CFT system that causes an outage to one or more distinct service components thus impacting the Wallet Pay Services;

Risk Event. The term "Risk Event" shall have the meaning specified in Section 16.03(d).