Third Party Risk definition

Third Party Risk means the risk of incurring liability to any persons or entities other than the Parties which may result from any damage to property or from any injury (including injury resulting in death) or loss which may be attributable wholly or in part to the matters referred to herein;
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Third Party Risk. The Customer shall insure in respect of all third party risks, including liability for damage or injury of any kind to any property or person and also against other risks to the full extent required by Statutes and such policy will be for the benefit of the Owner and the Customer.
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Examples of Third Party Risk in a sentence

  • Information Security Third Party Risk Management, Ethical Spear-Phishing, Penetration Tests, Incident Response Simulations Legal Legal counsel representation with respect to corporate governance, bankruptcy, environmental, health, safety, regulatory, human resources & labor, immigration, import/export compliance, non-US country specific counsel, litigation & compliance, global privacy, real estate, Foreign Corrupt Practices Act, trade sanctions, and anti-boycott.

  • Platform Agent shall not be permitted to retain or otherwise engage any Third Party Service Provider that will provide services that are (i) deemed critical by Platform Agent based on Platform Agent’s Third Party Risk Management Policy and (ii) material to the Program, without the prior written consent of Bank; provided that any such Third-Party Service Provider listed on Exhibit G hereto shall be deemed to be approved by Bank as of the Effective Date.

  • Third Party Risk Management Provide third-party risk management services and coordinate relationship management with such third-parties.

  • State Street’s Third Party Risk Management (TPRM) program assesses, monitors and manages the potential risks inherent to third party providers throughout the lifecycle of each applicable engagement, consistent with compliance and regulatory requirements.

  • On the Closing Date and subject to the terms and conditions set forth in this Agreement, in reliance on the representations, warranties, covenants and agreements of the parties contained herein and in consideration of the sale, assignment, transfer and delivery of the Shares (other than the Retained Shares), the Buyer will pay the consideration set forth in Section 1.3(b) hereof, as adjusted pursuant to Section 1.4 hereof (the "PURCHASE PRICE").

  • All references in Section 7.1 Subcontractors of the Agreement to the Bank’s Third Party Risk Management Policy shall be replaced with references to the Bank’s joint Vendor Risk Management Policy with Card Services.

  • SANDOZ has put in place a Third Party Risk Management framework which is aimed at promoting the societal and environmental values of the United Nations Global Compact with specific third parties that SANDOZ deals with.

  • Any amendment to the Third- Party Risk Management Program must be submitted to the Assistant Deputy Comptroller for review and prior written determination of no supervisory objection.

  • Where required by Novartis, fully co-operate (at your own expense) with Novartis and Novartis affiliated companies and respective representatives in completing and returning, as reasonably instructed, any questionnaire relating to compliance topics including, without limitation, anti- bribery compliance, that you have received as part of Novartis Third Party Risk Management processes at any time and any updates of same (“Questionnaire for Third Parties”).

  • Sandoz has put in place a Third Party Risk Management framework which is aimed at promoting the societal and environmental values of the United Nations Global Com- pact with specific third parties that Sandoz deals with.