Uninsurable Risks definition

Uninsurable Risks means:-
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Uninsurable Risks means wear and tear, depreciation, fungus, rot, vermin or insect damage, mechanical or electrical fault, process of cleaning, repairing, restoration, renovating or any gradually operating cause or process.
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Uninsurable Risks means Compensable Damages for risks that, in the Minister’s opinion, would not be assumed by an Approved Insurer, and includes, if applicable, those Compensable Damages that exceed the Operator’s Liability as a result of a regulation made under paragraph 24(2)(b) of the Act.
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Examples of Uninsurable Risks in a sentence

  • When there is an Uninsurable Risk for which Project Co or the Authority, as applicable is responsible to obtain insurance under Schedule 5 [Insurance Requirements] Project Co or the Authority, as applicable, will approach the insurance market on a regular basis and in any event at regular intervals of no longer than six months to establish whether the Uninsurable Risks remain Uninsurable.

  • When there is an Uninsurable Risk for which Project Co is responsible to obtain insurance under Schedule 5 [Insurance Requirements] Project Co will approach the insurance market on a regular basis and in any event at regular intervals of no longer than six months to establish whether the Uninsurable Risks remain Uninsurable.

  • When there is an Uninsurable Risk for which Project Co or BC Hydro, as applicable is responsible to obtain insurance under Schedule 18 [Insurance Requirements] Project Co or BC Hydro, as applicable, will approach the insurance market on a regular basis and in any event at regular intervals of no longer than six months to establish whether the Uninsurable Risks remain Uninsurable.

  • When there is an Uninsurable Risk for which Project Co or the Authority, as applicable, is responsible to obtain insurance under Schedule 5 [Insurance], Project Co or the Authority, as applicable, will approach the insurance market on a regular basis and in any event at regular intervals of no longer than six months to establish whether the Uninsurable Risks remain Uninsurable.

  • When there is an Uninsurable Risk for which Project Co or the Province, as applicable is responsible to obtain insurance under Schedule 5 [Insurance Requirements], Project Co or the Province, as applicable, will approach the insurance market on a regular basis and in any event at regular intervals of no longer than six months to establish whether the Uninsurable Risks remain Uninsurable.

  • Un-insurable 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 Concessionaireshall not be deemed to be in breach of its obligations regarding insurance under this Agreement.

  • Un-insurable 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.

  • When there is an Uninsurable Risk for which Project Co or the Authority, as applicable, is responsible to obtain insurance under Schedule 5 [Insurance Requirements] Project Co or the Authority, as applicable, will approach the insurance market on a regular basis and in any event at regular intervals of no longer than six months to establish whether the Uninsurable Risks remain Uninsurable.

  • Proceeds If No Termination 24 6.10 Application of Insurance Proceeds In Case of Termination 24 6.11 Standards of Replacement, Repair or Reconstruction 24 6.12 Mitigation 25 6.13 Risks Becoming Uninsurable 25 6.14 Consequences of Risks Becoming Uninsurable 25 6.15 Third Party Liability Insurance as an Uninsurable Risk 26 6.16 Subrogation 26 6.17 Continuing Attempts to Insure Uninsurable Risks 26 6.18 Uninsurable Risks Becoming Insurable 27 7.

  • Subject to Clause 4.1 (Conditions Precedent), this Agreement and the rights and obligations of the parties shall take effect on the Effective Date and (subject to the provisions for early termination set out in Clauses 4.2, 35 (Termination), 39 (Force Majeure), 63 (Uninsurable Risks), 79 (Corrupt Gifts and Payment of Commission) and 86 (Termination by the Authority for Breach of the Refinancing Provisions)) shall continue until the Expiry Date.


More Definitions of Uninsurable Risks

Uninsurable Risks means (1) wear and tear or depreciation; (2) rot, fungus, woodworm, beetle, moth, insects or vermin; (3) mechanical or electrical fault or breakdown; (4) any process of cleaning, dyeing, renovation, re-styling, repairing or restoring; (5) any other gradually operating cause.
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Uninsurable Risks means a risk usually covered by insurances in each case required under the Project Agreement becomes Uninsurable (as defined in the Project Agreement) leading to termination of the Project Agreement pursuant to clause 61 (Risks that become Uninsurable) of the Project Agreement. (v) If the Bonds are redeemed pursuant to Condition 6.3(ii)(II) or 6.3(iii) and the Issuer receives any further payment from Leeds City Council, then within ten Business Days of receipt, the Issuer shall apply the proceeds of such payment (less any amount required to pay or provide for any amount ranking in priority thereto (in accordance with the priorities of payment set out in Clause 22.7 (Proceeds of Enforcement) of the Security Trust and Intercreditor Deed)), in making a further payment to each Bondholder pro-rata to its holding of Bonds until the balance of the Default Amount has been paid in full. For the avoidance of doubt, the Bondholders shall not be entitled to receive any such further payment to the extent in that it would result in Bondholders receiving any amount in excess of the Default Amount. Default Amount 6.4 Notwithstanding any other Condition, upon any redemption of the Bonds following:
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Related to Uninsurable Risks

  • Insurable Crop means Grain Corn.

  • 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;

  • Environmental Loss means any loss, cost, damage, liability, deficiency, fine, penalty or expense (including, without limitation, reasonable attorneys' fees, engineering and other professional or expert fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily incurred) and damages to, loss of the use of or decrease in value of the Equipment arising out of or related to any Adverse Environmental Condition.

  • Uninsured motor vehicle" means a land motor vehicle or trailer of any type:

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • full insurable value means one hundred percent (100%) of the actual replacement cost of the Property (excluding foundation and excavation costs and costs of underground flues, pipes, drains and other uninsurable items).

  • Environmental Losses means all costs and expenses of any kind, damages, including foreseeable and unforeseeable consequential damages, fines and penalties incurred in connection with any violation of and compliance with Environmental Requirements and all losses of any kind attributable to the diminution of value, loss of use or adverse effects on marketability or use of any portion of the Premises or Property.

  • fall risk means any potential exposure to falling either from, off or into;

  • All Risk property insurance on a full replacement cost basis insuring CLEC’s property situated on or within any CenturyLink Premises. CLEC may elect to insure business interruption and contingent business interruption, as it is agreed that CenturyLink has no liability for loss of profit or revenues should an interruption of service occur.

  • 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.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.

  • Covered Environmental Losses means all environmental losses, damages, liabilities, claims, demands, causes of action, judgments, settlements, fines, penalties, costs and expenses (including, without limitation, costs and expenses of any Environmental Activity, court costs and reasonable attorney’s and experts’ fees) of any and every kind or character, by reason of or arising out of:

  • Structural damage means a covered building, regardless of the date of its construction, has experienced the following.

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Sovereign Risk means nationalization, expropriation, currency devaluation, revaluation or fluctuation, confiscation, seizure, cancellation, destruction or similar action by any governmental authority, de facto or de jure; or enactment, promulgation, imposition or enforcement by any such governmental authority of currency restrictions, exchange controls, taxes, levies or other charges affecting a Fund's Assets; or acts of armed conflict, terrorism, insurrection or revolution; or any other act or event beyond the Custodian's or such other Person's control.

  • protection and indemnity risks means the usual risks covered by a protection and indemnity association managed in London, including pollution risks and the proportion (if any) of any sums payable to any other person or persons in case of collision which are not recoverable under the hull and machinery policies by reason of the incorporation in them of clause 6 of the International Hull Clauses (1/11/02 or 1/11/03), clause 8 of the Institute Time Clauses (Hulls) (1/11/95) or clause 8 of the Institute Time Clauses (Hulls) (1/10/83) or the Institute Amended Running Down Clause (1/10/71) or any equivalent provision;

  • Damage means actual and/or physical damage to tangible property;

  • Contamination means the presence of, or Release on, under, from or to the environment of any Hazardous Substance, except the routine storage and use of Hazardous Substances from time to time in the ordinary course of business, in compliance with Environmental Laws and with good commercial practice.

  • Insured means the Executive.

  • Severe property damage means substantial physical damage to property, damage to the treatment facilities which would cause them to become inoperable, or substantial and permanent loss of natural resources which can reasonably be expected to occur in the absence of a bypass. Severe property damage does not mean economic loss caused by delays in production.

  • Material Loss means an uninsured:

  • Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.

  • high risk breach means that the threshold for notifying the individual is higher than that for notifying the relevant supervisory authority.

  • Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment;

  • REASONABLY SAFE FROM FLOODING Means base flood waters will not inundate the land or damage structures to be removed from the floodplain and that any subsurface waters related to the base flood will not damage existing or proposed buildings.

  • All Risks property insurance in an amount adequate to cover the full replacement cost of all Tenant Additions to the Premises, equipment, installations, fixtures and contents of the Premises in the event of loss; (d) In the event a motor vehicle is to be used by Tenant in connection with its business operation from the Premises, Comprehensive Automobile Liability Insurance coverage with limits of not less than Three Million and No/100 Dollars ($3,000,000.00) combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on behalf of Tenant, its agents and employees in connection with this Lease, of any owned, non-owned or hired motor vehicles; and (e) such other insurance or coverages as Landlord reasonably requires.