Special hazard definition
Special hazard means a hazard that requires special consideration given the occupant awareness, knowledge of building, fire services systems installed, physical construction and location and width of exits, relative to the ignition risk, spread of fire, generation of smoke, heat or toxic gases that may endanger the life and safety of the occupants. Areas of special hazard have a relatively higher fire risk with regard to ignition. These areas include transformer rooms, central A/C plant rooms, lift machine rooms, main switch rooms, generator rooms, boiler rooms, dangerous goods store rooms, fuel tank rooms and the like.
Special hazard means a substance, device, event, cir- cumstance or condition that presents an unusual and severe dan- ger to fire fighters or an abnormally high level of fire danger. Spe- cial hazards include water rescue, confined space entry, high−angle rescue, and operations requiring specialized training.
Special hazard. AMOUNT: Initially, $13,101,377.15. As of the first anniversary of the Cut-off Date, the Special Hazard Amount shall be reduced, but not increased, to the lesser of (i) the initial Special Hazard Amount less the sum of all amounts allocated to the Subordinated Certificates in respect of Special Hazard Losses on the Mortgage Loans during such year or (ii) the Adjustment Amount for such anniversary. As of each subsequent anniversary of the Cut-off Date, the Special Hazard Amount shall be reduced, but not increased, to the lesser of (i) the Special Hazard Amount on the immediately preceding anniversary of the Cut-off Date less the sum of all amounts allocated to the Subordinated Certificates in respect of Special Hazard Losses on the Mortgage Loans during such year and (ii) the Adjustment Amount for such anniversary. The "Adjustment Amount" with respect to each anniversary of the Cut-off Date will be equal to 1.00% multiplied by the aggregate outstanding Principal Balance of the Mortgage Loans.
Examples of Special hazard in a sentence
Fire alarm systems, Fire sprinkler systems, Fire suppression systems, Mass notification systems, Special hazard solutions, Extinguishers, Mass Notification, Fire Alarm 24/7 remote monitoring SPECIALTY SYSTEMS Under this contract we will offer Sourcewell members the following products and services, in addition to any new specialty systems that are added or changed during the term of the contract.
Special hazard training as applicable (e.g., ▇▇▇▇, Radiological Worker Training, Hazardous Material Transportation).
More Definitions of Special hazard
Special hazard. Loss Amount",
Special hazard. Any risk of direct physical loss which may be suffered by a Mortgaged Property, exclusive of (i) any loss covered by a hazard policy or a flood insurance policy, or blanket policy in respect thereof (without regard to any portion of the loss not covered by reason of any deductible thereunder), maintained in respect of such Mortgaged Property pursuant to Section 3.14 and (ii) any loss caused by or resulting from:
Special hazard. AMOUNT: Initially, $4,501,223.42. As of the first anniversary of the Cut-off Date, the Special Hazard Amount shall be reduced, but not increased, to the lesser of (i) the initial Special Hazard Amount less the sum of all amounts allocated to the Subordinated Certificates in respect of Special Hazard Losses on the Mortgage Loans during such year or (ii) the Adjustment Amount for such anniversary. As of each subsequent anniversary of the Cut-off Date, the Special Hazard Amount shall be reduced, but not increased, to the lesser of (i) the Special Hazard Amount on the immediately preceding anniversary of the Cut-off Date less the sum of all amounts allocated to the Subordinated Certificates in respect of Special Hazard Losses on the Mortgage Loans during such year and (ii) the Adjustment Amount for such anniversary. The "Adjustment Amount" with respect to each anniversary of the Cut-off Date will be equal the greatest of (i) 1.00% multiplied by the aggregate outstanding Principal Balance of the Mortgage Loans, (ii) the aggregate outstanding Principal Balance of the Mortgage Loans secured by Mortgaged Properties located in the California postal zip code area in which the highest percentage of Mortgage Loans by Principal Balance are located and (iii) twice the outstanding Principal Balance of the Mortgage Loan having the largest outstanding Principal Balance.
Special hazard. AMOUNT: Initially, $4,598,491.03. As of the first anniversary of the Cut-off Date, the Special Hazard Amount shall be reduced, but not increased, to the lesser of (i) the