Seismic event definition

Seismic event means one or more earthquakes that occur within a 360-hour period. The seismic event commences upon the initial earthquake, and all earthquakes or aftershocks that occur within the 360 hours immediately following the initial earthquake are considered for purposes of this policy to be part of the same seismic event.
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Seismic event means a transient earth motion that is caused by a sudden release of potential or stored strain energy in the rock;
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Seismic event means the trembling or shaking movement of the earth’s surface that produces ground motions at the Premises to, temporary or permanent works of the Project or if following Substantial Completion, exceeds the design requirements and directly impacts and causes damage to the permanent works of the Project.
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Examples of Seismic event in a sentence

  • All risk of direct physical loss or damage, provided that perils of Seismic Event and Terrorism need not be insured.

  • However, the Department shall not be responsible for tangible property damage to any tools, machinery, equipment, protective fencing, job trailers, scaffolding or other items used in the performance of the Work but not intended for permanent installation into the Project that is caused by Seismic Event.

  • If Developer elects to carry insurance for Seismic Events, the availability of insurance proceeds to Developer to satisfy the Seismic Event Deductible shall not be netted out before determining the amount of Extra Work Costs and Delay Costs to be charged against the Seismic Event Deductible.

  • All risk of direct physical loss or damage, provided that perils of Seismic Event and Terrorism need not be insured Insured Property: All real and personal property other than Roadbed not located on or in Bridges, Tunnels or similar supporting structures Deductibles: Physical damage: Not more than $250,000 per occurrence Coinsurance: Waived Valuation: Replacement cost for property damage Insurer: Per Section 16.1.2.1 of the Agreement.

  • A logarithmic scale for expressing the magnitude of a Seismic Event in terms of energy dissipated.

  • Events Allowance shall be available and used as the first source of funds to pay undisputed Extra Work Costs and Delay Costs due to Developer (after taking into consideration the Claim Deductible) for occurrence prior to the Substantial Completion Date of Relief Events under clauses (j) (other than a Seismic Event), (m), (o), (p), (q) and (u) of the definition of Relief Events, and for no other purpose.

  • The amounts remaining in the Non-Discriminatory O&M Change Deductible, Seismic Event Deductible, and Claim Deductible shall be adjusted annually at the beginning of each Fiscal Year after the Effective Date by a percentage equal to the percentage adjustment in the CPI between the CPI for April of the second immediately preceding Fiscal Year and the CPI for April of the immediately preceding Fiscal Year.

  • The amount of such insurance or deemed self-insurance shall be netted out before determining the amount of Extra Work Costs and Delay Costs to be charged against the Non-Discriminatory O&M Change Deductible, Pre-existing Hazardous Materials Deductible, Tiered Pre-existing Hazardous Materials Deductible, Seismic Event Deductible, or Claim Deductible, as the case may be.


More Definitions of Seismic event

Seismic event means an earthquake and includes snowslide, landslide or other earth movements occurring concurrently with and directly resulting from an earthquake shock, but does not include flood (meaning waves, tides, tidal waves, and the rising of, breaking out or the overflow of any body of water, whether natural or man made, whether or not caused by or attributable to an earthquake). More than one earthquake shock occurring within any 168 consecutive hours shall be deemed a single earthquake.‌
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Seismic event means one or more earthquakes that occur within a 360-hour period. The seismic event commences upon the initial earthquake, and all earthquakes or aftershocks that occur within the 360 hours immediately following the initial earthquake are considered for purposes of this policy to be part of the same seismic event. [360 hours equals 15 days.] Be sure to read the complete policy definitions for “earthquake,” “seismic event,” and “tectonic process.” In order for a claim to be covered by a CEA policy, the earthquake and the seismic event both must have commenced during the CEA policy period.
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Seismic event means an earthquake and includes snowslide, landslide or other earth movements occurring concurrently with and directly resulting from an earthquake shock, but does not include Flood. More than one earthquake shock occurring within any 168 hours shall be deemed a single earthquake.
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Seismic event means an earthquake and includes snowslide, landslide or other earth movements occurring concurrently with and directly resulting from an earthquake shock, but does not include Flood. More than one earthquake shock occurring within any 168 consecutive hours shall be deemed a single earthquake.
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Seismic event. An earthquake which has an epicenter within 100 Miles of the Conveyance Alignment, and which also has a Magnitude 6.0 or 7.0 or greater depending on the Risk Category, as measured by the Xxxxxxx Scale as determined by the University of Washington Pacific Northwest Seismograph Network.
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Seismic event means one or more earthquakes that occur within a 360-hour period. The seismic event commences upon the initial earthquake, and all earthquakes or aftershocks that occur within the 360 hours immediately following the initial earthquake are considered for purposes of this policy to be part of the same seismic event. (360 hours equals 15 days.) Read the complete policy definitions for “earthquake,” “seismic event,” and “tectonic processes.” In order for a claim to be covered, the earthquake and the seismic event (i.e., the first in time of any series of related earthquakes) both must have commenced during the CEA policy period. 4-3. Losses Excluded‌ As mentioned above, the CEA policy covers only the peril of an earthquake that occurs during the policy period as part of a seismic event that commences during the policy period. Losses caused by any peril other than an earthquake commencing during the policy period, do not fall within the insuring agreement of the policy. The policy also contains a list of excluded perils. Losses caused by these perils are excluded even if an earthquake contributes to the loss. The exclusions should be read carefully as there are exceptions. For example: • Under Losses Excluded, number 2, water damage, the policy reads: This water damage exclusion, however, does not exclude loss that results from water damage to covered property as a result of an earthquake, which causes:
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Related to Seismic event

  • Public event means any event that can be attended by the

  • Catastrophic Event means a rare circumstance in which mass casualties and/or significant property damage has occurred or is imminent (e.g. September 11th, hurricanes, earthquakes greater than 6.1 on the Richter scale)

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Benchmark Event means, with respect to an Original Reference Rate:

  • Environmental Event shall have the meaning set forth in Section 12.2.1.

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

  • Additional Disruption Event means any of Change in Law, Hedging Disruption and/or Increased Cost of Hedging.

  • Non-Viability Event means the earlier of:

  • Significant Event means any Amortization Event or Event of Default.

  • Exclusion Event means an event or related events resulting in the exclusion of the Borrower or any Subsidiary from participation in any Medical Reimbursement Programs.

  • Severe Disruption Event means any event specified as such in the Final Terms.

  • Fund Disruption Event means any of the following events, as determined by the Determination Agent in its reasonable discretion:

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Adverse REMIC Event As defined in Section 9.01(f) hereof.

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  • Substitution Event means, in respect of a Share, any Nationalization, Insolvency or Delisting in respect of such Share, or any Merger Event or Tender Offer in respect of such Share that is deemed by the Calculation Agent to be a Substitution Event, or an occurrence and continuation for at least eight consecutive applicable Exchange Business Days of a Market Disruption Event in respect of such Share.

  • Succession Event means an event such as a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event in which one entity succeeds to the obligations of another entity, whether by operation of law or pursuant to any agreement. Notwithstanding the foregoing, “Succession Event” shall not include an event in which the holders of obligations of the Reference Entity exchange such obligations for the obligations of another entity, unless such exchange occurs in connection with a merger, consolidation, amalgamation, transfer of assets or liabilities, demerger, spin-off or other similar event.

  • Exempted Fundamental Change means any Fundamental Change with respect to which, in accordance with Section 4.02(I), the Company does not offer to repurchase any Notes.

  • Settlement Disruption Event means each of the following events, as determined by the Calculation Agent in its sole discretion acting in good faith and in a commercially reasonable manner:

  • MREL Disqualification Event means that, at any time, all or part of the outstanding nominal amount of Securities is or will be excluded fully or partially from the eligible liabilities available to meet the MREL Requirements provided that: (a) the exclusion of a Series of such Securities from the MREL Requirements due to the remaining maturity of such Securities being less than any period prescribed thereunder, does not constitute a MREL Disqualification Event; (b) the exclusion of all or some of a Series of Securities due to there being insufficient headroom for such Securities within a prescribed exception to the otherwise applicable general requirements for eligible liabilities does not constitute a MREL Disqualification Event; and (c) the exclusion of all or some of a Series of Securities as a result of such Securities being purchased by or on behalf of the Issuer or as a result of a purchase which is funded directly or indirectly by the Issuer, does not constitute a MREL Disqualification Event.

  • Condemnation Event means any act of taking by a public or quasi-public authority through condemnation, reverse condemnation or eminent domain.

  • Application Event means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(ii) of the Agreement.

  • Warranty Event As to any Asset, the discovery that as of the related Cut-Off Date or Funding Date there had existed a breach of any representation or warranty relating to such Asset and the continuance of such breach through any applicable determination date or beyond any applicable cure period.

  • Excluded Events has the meaning set forth in Section 6.1(d)(ii).

  • Put Event means the occurrence of any of the following: