Insured Risk Sample Clauses

The 'Insured Risk' clause defines the specific events, circumstances, or types of loss that an insurance policy covers. It typically outlines what situations are considered covered risks, such as fire, theft, or natural disasters, and may also specify any conditions or limitations that apply to these risks. By clearly identifying what is insured, this clause ensures both parties understand the scope of coverage and helps prevent disputes over whether a particular loss is covered under the policy.
Insured Risk. Artist is cognizant of any inherent danger or risk involved in this activity, including bodily injury. Artist must perform and discharge each Agreement obligation as an independent contractor under each then-applicable law including, but not limited to: any Social Security law, and Workers Compensation Insurance and Public Liability Insurance.
View SourceView Similar (3)
Insured Risk the event containing possibility of its occurrence and features of eventuality because of which the Insurance Agreement is concluded;
View SourceView Similar (2)
Insured Risk. Paragraphs 1 and 2 shall not apply to the extent that any lack of repair or Decoration is caused by damage by an Insured Risk (unless paragraph 6 of this part of schedule 5 applies)
View Source
Insured Risk. If the Premises are damaged prior to two years before the Termination Date by a risk which Tenant is obligated to insure against under Section 11.2, Tenant shall remain obligated under this Lease (including payment of rent and additional rent) and shall promptly repair the damage. If the Premises are damaged within two years of the Termination Date by a risk which Tenant is obligated to insure against under Section 11.2, Tenant (by notice to Landlord within 60 days after such occurrence) may terminate this Lease as of the date of such notice by paying Landlord insurance proceeds equal to the amount necessary to repair the damage and all other amounts payable by Tenant to Landlord under the Lease accrued through the date of said notice.
View Source
Insured Risk. If the Equipment is damaged, destroyed, or fails as a result of an event which is covered by insurance and the funds are received from the insurance carrier and are made available to Northstar for such purpose, Northstar shall utilize the insurance proceeds to repair or replace the Equipment.
View Source
Insured Risk. Theft or accidental material damage caused to the Insured goods, which have been acquired during the validity of the AVRIL voucher and whenever the holder is on a trip, and they have been paid with a credit, and theft or damage occur during the validity of the contracted voucher.
View Source
Insured Risk. If the Premises are damaged during the Lease Term by a risk covered by Landlord's insurance as required hereunder, Landlord shall promptly repair and reconstruct the portion of the Premises required to be insured by Landlord hereunder (but Landlord shall not be required to repair or restore any Tenant-Made Alterations or any of Tenant's trade fixtures), subject to delays arising from the collection of insurance proceeds or from Force Majeure events; and this Lease shall remain in full force and effect. Tenant shall pay to Landlord the amount of the commercially reasonable deductible under Landlord's insurance policy within 10 days after presentment of Landlord's invoice. Tenant at Tenant's expense shall promptly perform, subject to delays arising from the collection of insurance proceeds, all repairs or restoration not required to be done by Landlord and shall promptly reenter the Premises and commence doing business in accordance with this Lease. Notwithstanding the foregoing, with respect to insured or uninsured damage, Tenant may terminate this Lease if Landlord reasonably estimates that it will take more than 9 months to repair the damage and either Tenant or Landlord may terminate this Lease if the Premises are damaged during the last 12 months of the Lease Term and Landlord reasonably estimates that it will take more than 3 months to repair such damage.
View Source

Related to Insured Risk

  • 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.

  • Landlord’s Insurance With respect to insurance maintained by Landlord: (a) Landlord shall maintain, as the minimum coverage required of it by this Lease, fire and property damage insurance in so-called special form coverage insuring Landlord (and such others as Landlord may designate) against loss from physical damage to the Building with coverage of not less than one hundred percent (100%) of the full actual replacement cost thereof and against loss of rents for a period of not less than six months. Such fire and property damage insurance, at Landlord’s election but without any requirements on Landlord’s behalf to do so, (i) may be written in so-called “all risk” form, excluding only those perils commonly excluded from such coverage by Landlord’s then property damage insurer; (ii) may provide coverage for physical damage to the improvements so insured for up to the entire full actual replacement cost thereof; (iii) may be endorsed to cover loss or damage caused by any additional perils against which Landlord may elect to insure, including earthquake and/or flood; and/or (iv) may provide coverage for loss of rents for a period of up to twelve months. Landlord shall not be required to cause such insurance to cover any of Tenant’s personal property, inventory, and trade fixtures, or any modifications, alterations or improvements made or constructed by Tenant to or within the Leased Premises. Landlord shall use commercially reasonable efforts to obtain such insurance at competitive rates. (b) Landlord shall maintain commercial general liability insurance insuring Landlord (and such others as are designated by Landlord) against liability for personal injury, bodily injury, death, and damage to property occurring in, on or about, or resulting from the use or occupancy of the Property, or any portion thereof, with combined single limit coverage of at least Ten Million Dollars ($10,000,000). Landlord may carry such greater coverage as Landlord or Landlord’s Lender, insurance broker, advisor or counsel may from time to time determine is reasonably necessary for the adequate protection of Landlord and the Property. (c) Landlord may maintain any other insurance which in the opinion of its insurance broker, advisor or legal counsel is prudent to carry under the given circumstances, provided such insurance is commonly carried by owners of property similarly situated and operating under similar circumstances.

  • Self-Insured Retention/Deductibles Certificates of Insurance must indicate the applicable deductible/self-insured retention on each policy. Deductibles or self-insured retentions above $100,000 are subject to approval from OGS, which shall not be unreasonably withheld, conditioned or delayed. Vendor and Contractors shall be solely responsible for all claim expenses and loss payments within the deductible or self-insured retention.

  • Self-Insured Retentions Self-insured retentions must be declared to and approved by City. City may require Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self- insured retention may be satisfied by either the named insured or City.

  • Insured Loss Subject to the provisions of paragraphs 9.4 and 9.5, if at any time during the term of this Lease there is damage which is an Insured Loss and which falls into the classification of either Premises Damage or Premises Building Partial Damage, then Lessor shall, as soon as reasonably possible and to the extent the required materials and labor are readily available through usual commercial channels, at Lessor's expense, repair such damage (but not Lessee's fixtures, equipment or tenant improvements originally paid for by Lessee) to its condition existing at the time of the damage, and this Lease shall continue in full force and effect.