Political Risk Insurance definition

Political Risk Insurance means a policy of insurance issued by National Union Fire Insurance Company of Pittsburgh, PA ("Insurance Company") which insures Lessee and Lessor (or Lessor's assignee) against risks of expropriation or deprivation of the Equipment by the government of the United Mexican States ("Political Loss") as set forth in such policy of insurance. Xxxxxx acknowledges that it has reviewed a copy of the Political Risk Insurance policy.
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Political Risk Insurance means insurance insuring against the non-payment of the Obligations and arising out of the events or circumstances set forth in the OPIC Policy and the AIG Policy.
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Political Risk Insurance means a policy of political risk insurance in form and substance satisfactory to the Covered Lenders (including with respect to the issuer of such policy) naming the Covered Lenders as beneficiaries and insuring the Covered Lenders for such coverages and against such risks with respect to the Borrower's Obligations to pay the principal amount of (and interest accruing on and other amounts due in respect of) the Covered Lenders' Loans as the Covered Lenders shall reasonably require.
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Examples of Political Risk Insurance in a sentence

  • The Importance of BITs for Foreign Direct Investment and Political Risk Insurance: Revisiting the Evidence.

  • MIGA Political Risk Insurance (PRI) is a tool for businesses to mitigate and manage risks arising from the adverse actions - or inactions - of governments.

  • The loss experience of OPIC’s Political Risk Insurance Program is characterized by high impact low frequency events.

  • See also Kernaghan Webb, Political Risk Insurance, CSR and the Mining Sector, 54 INT’L J.

  • Hobér H./Fellenbaum, J., Political Risk Insurance and Investment Treaty Protection, in: Bungenberg et al.

  • The World Bank Group risk mitigation instruments The World Bank Group, particularly the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) provide a set of guarantee products for PPPs. These products are partial risk guarantees (PRGs) and Multilateral Investment Guarantee Agency (MIGA) Political Risk Insurance (PRI).

  • Donovan, Creeping Expropriation and MIGA: The Need for Tighter Regulation in the Political Risk Insurance Market, 7 GONZ.

  • The successful operation demonstrates that the combination of national government support, in the form of early-stage exploration and donation on wells from KenGen, a PPA package to guarantee the power off-taker can pay the agreed tariff, international public finance with longer terms and lower costs than locally available, and Political Risk Insurance from MIGA (Micale et al., 2015).

  • Trade Disruption, 255[4] The “Commercially Available in the Marketplace” Standard 255[5] Exchange Controls 256[6] Export Financing Requirements 256§ 20.11 Political Risk Insurance, B Loan Programs, and Guarantees 256[1] Generally 256[2] Multilateral Investment Guarantee Agency 256Generally, 256 .

  • Roger Moody, The Risks We Run: Mining, Communities and Political Risk Insurance, 2005, International Books, Utrecht, p.


More Definitions of Political Risk Insurance

Political Risk Insurance means insurance provided by SMECA or the Insurers other than SMECA, as the case may be, to eligible foreign enterprises covering political risks specified under Part A of the Project;
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Political Risk Insurance means insurance or guarantees provided by ATI against the risk of Loss caused by the action or inaction of the government of the Recipient.
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Political Risk Insurance is defined in section 6.11(d).
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Political Risk Insurance means any political risk insurance obtained by any Purchaser and under which such Purchaser is the insured party, which insurance insures the payment of principal and interest owing with respect to the Notes purchased by such Purchaser in the event of currency inconvertibility and transferability, expropriation and nationalization and/or political violence and which insurance contains terms, conditions, and exclusions from coverage customary at the time such insurance is obtained.
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Political Risk Insurance means any political risk insurance maintained or to be maintained pursuant to Clause 19.7(ii) below.
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Political Risk Insurance means a policy of political risk insurance in form and substance satisfactory to the Covered Senior Lenders (including with respect to the issuer of such policy) naming the Covered Senior Lenders as beneficiaries and insuring the Covered Senior Lenders for such coverages and against such risks with respect to the Borrower's Obligations to pay:
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Related to Political Risk Insurance

  • Municipal Political Party Committee means a committee organized pursuant to N.J.S.A. 19:5-2.

  • Local political subdivision means a county, municipal corporation, township, conservancy district, soil and water conservation district, joint recreation district, park district, or other similar park authority.

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • Political organization means a party, committee, association, fund, or other organization (whether or not incorporated) that is required to file a statement of organization with the State Board of Elections or a county clerk under Section 9-3 of the Election Code (10 ILCS 5/9-3), but only with regard to those activities that require filing with the State Board of Elections or a county clerk.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

  • Political sign means a sign advertising a candidate or candidates for public elective office, or a political party, or a sign urging a particular vote on a public issue decided by ballot.

  • Political activity means any activity in support of or in connection with any campaign for elective office or any political organization, but does not include activities (i) relating to the support or opposition of any executive, legislative, or administrative action, (ii) relating to collective bargaining, or (iii) that are otherwise in furtherance of the person's official duties.

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Borrower or any of its Restricted Subsidiaries, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of coinsurance in an amount up to $150,000,000) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth herein.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Minor political party means a political party qualified to have its name listed on the general election ballot but that does not qualify as a major political party.

  • Nuclear Hazard means any nuclear reaction, radiation, or radioactive contamination, all whether controlled or uncontrolled or however caused, or any consequence of any of these.

  • Major political party means either of the two registered political parties that

  • Country Risks means with respect to any Foreign Depository: (a) the financial infrastructure of the country in which it is organized, (b) such country’s prevailing custody and settlement practices, (c) nationalization, expropriation or other governmental actions, (d) such country’s regulation of the banking or securities industry, (e) currency controls, restrictions, devaluations or fluctuations, and (f) market conditions which affect the order execution of securities transactions or affect the value of securities.

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • Political party means an organization of registered voters that has qualified to

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Accident and health insurance means contracts that incorporate morbidity risk and provide protection against economic loss resulting from accident, sickness, or medical conditions and as may be specified in the valuation manual.

  • Insurance Program or “program” shall mean a program which has been designated as a major program of PRISM under which participating members are protected against designated losses, either through joint purchase of primary or excess insurance, pooling of self-insured claims or losses, purchased insurance or any other combination as determined by the Board of Directors. The Board of Directors, the Executive Committee, or a program’s governing committee may determine applicable criteria for determining eligibility in any insurance program, as well as establishing program policies and procedures.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Registered political party means an organization of voters that:

  • Political Event shall have the meaning set forth in Clause 21.4;

  • Political purposes means an act done with the intent or in a way to influence or tend to influence, directly or indirectly, any person to refrain from voting or to vote for or against any candidate or a person seeking a municipal office at any caucus, political convention, or election.

  • Lieutenant Governor means the lieutenant governor of the

  • Flood or “Flooding” means a general and temporary condition of partial or complete inundation of normally dry land areas from:

  • Health hazard means any condition, device or practice in a water system or its operation resulting from a real or potential danger to the health and well-being of consumers. The word "severe" as used to qualify "health hazard" means a hazard to the health of the user that could be expected to result in death or significant reduction in the quality of life.