Insured Risk Clause Samples
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.
Insured Risk the event containing possibility of its occurrence and features of eventuality because of which the Insurance Agreement is concluded;
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)
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.
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.
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.
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.