Covered Risk definition

Covered Risk means any event described in the relevant sections of the General Conditions for any risk specified in Clause 7 of the Special Conditions.

Covered Risk means the risk specified in Clause 7 of the Special Conditions.

Covered Risk means the risk specified in Clause 7 of the Special Conditions. “Current Amount of Guarantee” means, for any Contract Period, the sum of:

Examples of Covered Risk in a sentence

• With respect to a Covered Risk of the type described in Subsection 4.1(d), such amount shall not exceed the realizable value of the collateral security or commercial guaranties as of the Date of Loss.

• With respect to a Covered Risk of the type described in Subsection 4.1(d), such amount shall not exceed the realizable value of the collateral security or commercial guarantees as of the Date of Loss.

• If MIGA pays compensation for a default and the Guarantee Holder receives subsequent Scheduled Payments, the Guarantee Holder must prove that any defaults thereafter are caused by a separate Covered Risk of Expropriation or War and Civil Disturbance.

• Permit Coverages in the Owner Policy ✓ Covered Risk #5 ✓ You do not have any legal right of pedestrian or vehicular access to and from the Land.

• This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

More Definitions of Covered Risk

Covered Risk means the risk of loss in the event of default in payment of any loan extended to an Eligible Enterprise (as defined hereinafter) by a Risk Sharing Financial Institution (as defined hereinafter), which risk is covered under a Guarantee Certificate issued by the Risk Sharing Guarantee Company to such Risk Sharing Financial Institution for a loan portfolio selected in accordance with criteria set out in Schedule 7 to this Agreement;

Covered Risk means the following:

Covered Risk means the risk of loss in the event of default in payment of any Subloan made by a PFI to an Eligible MSME, under the terms, conditions and exceptions set forth in the Partial Guarantee Operational Manual.

Covered Risk with respect to each Foreign Receivable which is due from a Customer located in any other Foreign Country ("GMAC Receivable"), and designated in our credit approval as approved for coverage for the Covered Risk, respectively.

Covered Risk means the risk of loss suffered by a participating financial intermediary as a result of the failure to pay when due sums owing under a pre-shipment export finance loan granted to an Eligible Enterprise in the context of the PEFGF, as determined in accordance with the terms and conditions set forth in the Standard Form of Guarantee Certificate;

Covered Risk means all risks set forth in Article II, Section 2 of this Ordinance and not specifically excluded elsewhere.

Covered Risk shall have the meaning ascribed thereto in the Export Receivable Rider.