COVERED RISKS Sample Clauses

The "Covered Risks" clause defines the specific types of risks, events, or losses that are included under the protection of an insurance policy or contractual agreement. It typically lists or describes scenarios such as property damage, theft, natural disasters, or other perils that the insurer or responsible party agrees to cover. By clearly outlining what is and is not covered, this clause ensures both parties understand the scope of protection and helps prevent disputes over coverage in the event of a claim.
COVERED RISKS. [Transfer Restriction;] [Expropriation;] [War and Civil Disturbance;] and [Breach of Contract.] CLAUSE 8. WAITING PERIOD: Transfer Restriction: [60] continuous days. (a) Subsection 4.1(b) Subsection 4.1(c) Subsection 4.1(d) [180] continuous days. [180] continuous days. [60] continuous days. [180] continuous days. War and Civil Disturbance: Subsection 5.1(a) Subsection 5.1(b) [None.] [180] continuous days. CLAUSE 9A. PERCENTAGE OF COVER: [ ]% CLAUSE 9B. PERCENTAGE OF SELF-INSURANCE [ ]% TOTAL: 100% CLAUSE 10. AMOUNT OF GUARANTEE: [Amount of Guarantee], as adjusted in accordance with Article 15 of the General Conditions, and reflected in a revised Special Conditions. CLAUSE 11. STANDBY OPTION AMOUNT: [Amount in Guarantee Currency] [Not applicable.] CLAUSE 12. ANNUAL PREMIUM RATE: [ ]% CLAUSE 13. TOTAL PREMIUM FOR THE FIRST CONTRACT PERIOD: [Amount of Premium in Guarantee Currency], payable before the Effective Date. CLAUSE 14A. STANDBY OPTION FEE FOR FIRST CONTRACT PERIOD: [Amount of Standby Option Fee in Guarantee Currency], payable before the Effective Date. CLAUSE 14B. STANDBY OPTION FEE RATE: [ ]% CLAUSE 15. DEDUCTIBLE: Expropriation: Subsection 4.1(a) Subsection 4.1(b) Subsection 4.1(c) Subsection 4.1(d) [In Guarantee Currency] [None.] [In Guarantee Currency] [None.] [In Guarantee Currency] [None.] [In Guarantee Currency] [None.] War and Civil Disturbance: Subsection 5.1(a) Subsection 5.1(b) [In Guarantee Currency] [None.] [In Guarantee Currency] [None.] CLAUSE 16. EFFECTIVE DATE: [ .] CLAUSE 17. NOTICE ADDRESSES: MULTILATERAL INVESTMENT GUARANTEE AGENCY ▇▇▇▇ ▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ [THE GUARANTEE HOLDER] [Mailing Address] [City and Postal Code] [Country] Attention: Contract Management and Portfolio Services MIGA Finance and Risk Management Group Attention: [Name] [Title] Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇ Facsimile: [Number] Telephone: (▇▇▇) ▇▇▇-▇▇▇▇ Telephone: [Number] This Contract is based on the Guarantee Holder’s representations to MIGA contained in the Application for Guarantee, and on any written information provided by the Guarantee Holder from time to time, including in connection with any Claim. This Contract is the entire agreement between the Guarantee Holder and MIGA and, when executed, shall include the Special Conditions (Part I) and the General Conditions (Part II), and, if applicable, may include the Amendments (Part III), the Standby Option (Part IV) and the Annexes.
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COVERED RISKS. [Transfer Restriction;] [Expropriation;] [War and Civil Disturbance;] and [Breach of Contract.] CLAUSE 8. WAITING PERIOD: Transfer Restriction: [60] continuous days. (a) Subsection 4.1(b) Subsection 4.1(c) Subsection 4.1(d) [180] continuous days. [180] continuous days. [60] continuous days. [180] continuous days. War and Civil Disturbance: Subsection 5.1(a) Subsection 5.1(b) [None.] [180] continuous days. CLAUSE 9A. PERCENTAGE OF COVER: [ ]% CLAUSE 9B. PERCENTAGE OF SELF-INSURANCE [ ]% TOTAL: 100% CLAUSE 10A. AMOUNT OF GUARANTEE: [Amount in Guarantee Currency], as adjusted in accordance with Article 15 of the General Conditions, and reflected in a revised Special Conditions.
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COVERED RISKS. 1. The Corporation may cover eligible Export Credits against a loss resulting from one of the following types of commercial risks: a. the insolvency or bankruptcy of the buyer, b. repudiation or termination by the buyer of the purchase contract or his refusal or failure to take delivery of the goods despite the seller's fulfilment of all his obligations towards the buyer,
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COVERED RISKS. [Transfer Restriction;] [Expropriation;] [War and Civil Disturbance;] and [Arbitral Award Default] Clause 8. Waiting Period: Transfer Restriction: Inconvertibility Inability to Transfer [60] consecutive days [60] consecutive days Expropriation: Expropriation of the Project Enterprise Expropriation of Lender Rights Expropriation of Funds Expropriation of Collateral Rights [180] consecutive days [180] consecutive days [60] consecutive days [180] consecutive days War and Civil Disturbance: Loss of Assets Permanent Loss of Use [None] [90] consecutive days Arbitral Award Default: [180] consecutive days Clause 9A. Percentage of Cover: [95]% Clause 9B. Percentage of Self- Insurance: [5]% Total: 100% Clause 10A. Current Amount of Guarantee: [Amount in Guarantee Currency], as adjusted in accordance with Article 13 of the General Conditions Clause 10B. Standby Option Amount: [[Amount in Guarantee Currency], as adjusted in accordance with Article 13 of the General Conditions] [Not applicable]
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Related to COVERED RISKS

  • Country Risk Country Risk shall mean, with respect to the acquisition, ownership, settlement or custody of Investments in a jurisdiction, all risks relating to, or arising in consequence of, systemic and markets factors affecting the acquisition, payment for or ownership of Investments including (a) the prevalence of crime and corruption, (b) the inaccuracy or unreliability of business and financial information, (c) the instability or volatility of banking and financial systems, or the absence or inadequacy of an infrastructure to support such systems, (d) custody and settlement infrastructure of the market in which such Investments are transacted and held, (e) the acts, omissions and operation of any Securities Depository, (f) the risk of the bankruptcy or insolvency of banking agents, counterparties to cash and securities transactions, registrars or transfer agents, and (g) the existence of market conditions which prevent the orderly execution or settlement of transactions or which affect the value of assets.

  • Currency and Related Risks The Fund bears the risks of holding or transacting in any currency, including any ▇▇▇▇ to market exposure associated with a foreign exchange transaction undertaken with the Custodian. The Custodian shall not be liable for any loss or damage arising from the applicability of any law or regulation now or hereafter in effect, or from the occurrence of any event, which may delay or affect the transferability, convertibility or availability of any currency in the country (a) in which such Principal or Agency Accounts are maintained or (b) in which such currency is issued, and in no event shall the Custodian be obligated to make payment of a deposit denominated in a currency during the period during which its transferability, convertibility or availability has been affected by any such law, regulation or event. Without limiting the generality of the foregoing, neither the Custodian nor any Subcustodian shall be required to repay any deposit made at a foreign branch of either the Custodian or Subcustodian if such branch cannot repay the deposit due to a cause for which the Custodian would not be responsible in accordance with the terms of Section 9 of this Agreement unless the Custodian or such Subcustodian expressly agrees in writing to repay the deposit under such circumstances. All currency transactions in any account opened pursuant to this Agreement are subject to exchange control regulations of the United States and of the country where such currency is the lawful currency or where the account is maintained. Any taxes, costs, charges or fees imposed on the convertibility of a currency held by the Fund shall be for the account of the Fund.

  • Builder’s Risk Insurance Contractor shall provide a Builder’s Risk Policy to be made payable to the Owner and Contractor, as their interests may appear. The policy amount should be equal to 100% of the Contract Sum, written on a Builder’s Risk “All Risk”, or its equivalent. The policy shall be endorsed as follows: The following may occur without diminishing, changing, altering or otherwise affecting the coverage and protection afforded the insured under this policy: (i) Furniture and equipment may be delivered to the insured premises and installed in place ready for use; and (ii) Partial or complete occupancy by Owner; and (iii) Performance of work in connection with construction operations insured by the Owner, by agents or lessees or other Contractors of the Owner or Using Agency In the event that the Contract is for renovation, addition or modification of an existing structure and Builders Risk Insurance is not available, the Owner will accept an Installation Floater Insurance Policy with the above endorsements in lieu of the Builders' Risk Insurance Policy. Such floater must insure loss to materials and equipment prior to acceptance by Owner and must be on an ALL RISK BASIS with the policy written on a specific job site.

  • LIABILITY AND RISK OF LOSS A. Each Party hereby waives any claim against the other Party, employees of the other Party, the other Party's Related Entities (including but not limited to contractors and subcontractors at any tier, grantees, investigators, customers, users, and their contractors or subcontractor at any tier), or employees of the other Party's Related Entities for any injury to, or death of, the waiving Party's employees or the employees of its Related Entities, or for damage to, or loss of, the waiving Party's property or the property of its Related Entities arising from or related to activities conducted under this Agreement, whether such injury, death, damage, or loss arises through negligence or otherwise, except in the case of willful misconduct. B. Each Party further agrees to extend this cross-waiver to its Related Entities by requiring them, by contract or otherwise, to waive all claims against the other Party, Related Entities of the other Party, and employees of the other Party or of its Related Entities for injury, death, damage, or loss arising from or related to activities conducted under this Agreement. Additionally, each Party shall require that their Related Entities extend this cross-waiver to their Related Entities by requiring them, by contract or otherwise, to waive all claims against the other Party, Related Entities of the other Party, and employees of the other Party or of its Related Entities for injury, death, damage, or loss arising from or related to activities conducted under this Agreement.

  • Insurance and Risk of Loss Debtor shall at all times bear all risk of loss of, damage to or destruction of the Equipment. Debtor agrees to immediately procure and maintain insurance on the Equipment, for the full insurable value thereof and for the life of this Agreement, in the form of "All Risk" or similar insurance (insuring the Equipment for fire, extended coverage, vandalism, theft and collision and containing only those exclusions from coverage which are acceptable to Secured Party) plus such other insurance as Secured Party may specify from time to time, all in form and amount and with insurers satisfactory to Secured Party. Debtor agrees to deliver promptly to Secured Party certificates or, if requested, policies of insurance satisfactory to Secured Party, each with a standard long-form loss-payable endorsement naming Secured Party or assigns as loss-payee and providing that Secured Party's rights under such policy will not be invalidated by any act, omission or neglect of anyone other than Secured Party, and containing the insurer's agreement to give 30 days prior written notice to Secured Party before any cancellation of or material change in the policy(s) will be effective as to Secured Party, whether such cancellation or change is at the direction of Debtor or insurer. Secured Party's acceptance of policies in lesser amounts or risks will not be a waiver of Debtor's obligation to procure insurance complying with the provisions hereof promptly after notice from Secured Party. Debtor assigns to Secured Party all proceeds of any physical damage or credit insurance for which a charge is stated in this Agreement or which is maintained by Debtor in accordance herewith, including returned and unearned premiums, up to the amount owing hereunder by Debtor. Secured Party will not have the right to cancel any such insurance without Debtor's consent prior to the occurrence of an event of default and the repossession, loss or destruction of the Equipment. Debtor directs all insurers to pay such proceeds solely to the order of Secured Party for application to Debtor's indebtedness to Secured Party. Secured Party may, at its option, apply any such proceeds received by Secured Party to the final maturing installments due hereunder in the inverse order of their maturity.