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.
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.
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,
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]