Common use of Uninsurable Risks Clause in Contracts

Uninsurable Risks. If during the Concession Period, any risk which has been previously insured becomes un- insurable due to the fact that the insurers have ceased to insure such a risk and therefore insurance cannot be maintained/ re-instated in respect of such risk, the Concessionaire shall not be deemed to be in breach of its obligations regarding insurance under this Agreement.

Appears in 2 contracts

Sources: Concession Agreement, Concession Agreement

Uninsurable Risks. If during the Concession Period, any risk which has been previously insured becomes un- un­ insurable due to the fact that the insurers have ceased to insure such a risk and therefore insurance cannot be maintained/ re-instated re­instated in respect of such risk, the Concessionaire shall not be deemed to be in breach of its obligations regarding insurance under this Agreement.

Appears in 1 contract

Sources: Concession Agreement