Third Party Risk Management definition

Third Party Risk Management has the meaning specified in Section 7.16.
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Third Party Risk Management means, the production, handling, aggregation, storage, purchase, supply and delivery of energy-related products and services, financial or physical energy-related risk management products and services, energy management, operation and maintenance services, general and administrative services, back office services, asset management services and operations of Southstar and Nicor Energy retail alliances, in each case to the extent such activities are not performed directly or indirectly for the benefit of, or to manage or mitigate risk involving assets, property, inventory positions or sales or purchase obligation positions owned, controlled or held by, the Borrower or any Subsidiary thereof.
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Third Party Risk Management means, the production, handling, aggregation, storage, purchase, supply and delivery of energy-related products and services, financial or physical energy-related risk management products and services, energy management, and asset management services, operations of Southstar and Nicor Energy retail alliances, in each case to the extent such activities are not performed directly or indirectly for the benefit of, or to manage or mitigate risk involving, assets, property, inventory positions, sales or purchase obligation positions owned, controlled operationally or held by the Parent Guarantor or any Subsidiary thereof.
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Examples of Third Party Risk Management 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.