Terrorism Losses definition

Terrorism Losses shall be those types of losses which result from perils of terrorism and acts of terrorism as are currently “certified” under TRIA whether or not TRIA is in effect excluding losses for nuclear, biological or chemical acts.
Sample 1Sample 2
Terrorism Losses shall have the meaning set forth in Section 6.1(a) hereof.
Sample 1
Terrorism Losses shall be those types of losses which result from perils of terrorism and acts of terrorism (a) as are currently “certified” under TRIPRA or (b) as are not currently “certified” under TRIPRA, in each case whether or not TRIPRA is in effect, excluding losses for nuclear, biological, radiological or chemical acts.
Sample 1

Examples of Terrorism Losses in a sentence

  • Disclosure Of Federal Participation In Payment Of Terrorism Losses The United States Government, Department of the Treasury, will pay a share of terrorism losses insured under the federal program.

  • Calendar Year 2020: Federal Share 80% - Program Trigger $200,000,000.Cap On Insurer Participation In Payment Of Terrorism Losses: If aggregate insured losses attributable to “certified acts of terrorism” exceed $100 billion in a calendar year and we have met our deductible under the Act, we shall not be liable for the payment of any portion ofthe amount of such losses that exceeds $100 billion.

  • The first question of the survey aimed at identifying the status of national MSP in each country.

  • CONFIRMATION OF CERTIFIED ACTS OF TERRORISM COVERAGE – TERRORISM RISK INSURANCE ACT SCHEDULE Terrorism Premium: Federal Share of Terrorism Losses: $0 80% Disclosure Of Premium We have notified you that under the Terrorism Risk Insurance Act we must make certified acts of terrorism coverage available in the policies we offer.

  • Inland Marine Insurance Cap On Certified Terrorism Losses continued Form 04-02-1212 (Rev.

  • Marlett, Tim Query, Seeman Waranch, 2002, “Paying for Terrorism Losses: A Cross-Country Comparison,” CPCU Journal, November issue.

  • Disclosure of Federal Share of Terrorism Losses under TRIA The United States Department of the Treasury will reimburse insurers for 85% of insured losses that exceed the applicable insurer deductible.

  • Cap on Insurer Liability for Terrorism Losses If aggregate industry insured losses attributable to “certified acts of terrorism” under TRIA exceed $100 Billion in a calendar year, and we have met, or will meet, our insurer deductible under TRIA, we shall not be liable for the payment of any portion of the amount of such losses that exceed $100 billion.

  • The portion of your premium attributable to such coverage is shown in the Schedule of this endorsement or in the policy Declarations.B. Disclosure of Federal Participation in Payment of Terrorism Losses The United States Government, Department of the Treasury, will pay a share of terrorism losses insured under the federal program.

  • Notwithstanding the foregoing, in no event shall Borrower be required to pay annual premiums for any insurance policy described in (A) or (B) covering Terrorism Losses in respect of the Property in excess of the Terrorism Premium Limit (i.e. if the cost exceeds the Terrorism Premium Limit, Borrower shall obtain as much coverage for Terrorism Losses as is available at a cost equal to the Terrorism Premium Limit).

Related to Terrorism Losses

  • Anti-Terrorism Law means the USA Patriot Act or any other law pertaining to the prevention of future acts of terrorism, in each case as such law may be amended from time to time.

  • Anti-Terrorism Laws are any laws relating to terrorism or money laundering, including Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC.

  • Terrorism Cap Amount is the specified percentage (which is at least equal to 200%) of the amount of the insurance premium that is payable at such time in respect of the property and business interruption/rental loss insurance required under the related Loan Documents (without giving effect to the cost of terrorism and earthquake components of such casualty and business interruption/rental loss insurance).

  • Anti-Terrorism Order means Executive Order No. 13,224 of September 24, 2001, Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended.

  • Anti-Money Laundering and Anti-Terrorism Laws shall have the meaning assigned thereto in Section 3.1(f)(i).

  • Certified act of terrorism means an act that is certified by the Secretary of the Treasury, in accordance with the provisions of the federal Terrorism Risk Insurance Act, to be an act of terrorism pursuant to such Act. The criteria contained in the Terrorism Risk Insurance Act for a "certified act of terrorism" include the following:

  • Anti-Corruption and Anti-Bribery Laws means the Foreign Corrupt Practices Act of 1977, as amended, any rules or regulations thereunder, or any other applicable United States or non-U.S. anti-corruption or anti-bribery laws or regulations.

  • Terrorism means an ideologically motivated unlawful act or acts, including but not limited to the use of violence or force or threat of violence or force, committed by or on behalf of any group(s), organization(s) or government(s) for the purpose of influencing any government and/or instilling fear in the public or a section of the public.

  • Corruption means the abuse of entrusted power for private gain. It may include improperly influencing the actions of another party or causing harm to another party. The gain or benefit may be for the person doing the act or for others.

  • Act of Terrorism means:an act, including but not limited to the use of force or violence and/or the threat of any person or group of persons, whether acting alone or on behalf of or in connection with any organisation or government which from its nature or context is done for, or in connection with political, religious, ideological, ethnic or similar purposes including the intention to influence any government and/or to put the public, or any section of the public in fear.

  • terrorist means any natural person who:

  • Proceeds of Crime Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), as amended from time to time, and including all regulations thereunder.

  • Terrorist Act means any actual or threatened use of force or violence directed at or causing damage, injury, harm or disruption, or commission of an act dangerous to human life or property, against any individual, property or government, with the stated or unstated objective of pursuing economic, ethnic, nationalistic, political, racial or religious interests, whether such interests are declared or not. Criminal acts, primarily committed for personal gain and acts arising primarily from prior personal relationships between perpetrator(s) and victim(s) shall not be considered terrorist acts. Terrorist act also includes any act, which is verified or recognised by the (relevant) Government as an act of terrorism.

  • Proceeds of crime means any property derived from or obtained, directly or indirectly, through the commission of an offence;

  • Financing of Terrorism means the act of providing or collecting funds with the intention that they be used, or in the knowledge that they are to be used, in order to carry out terrorist acts.

  • Applicable Anti-Money Laundering Law shall have the meaning assigned to such term in Section 6.11.

  • terrorist financing means the act of, directly or indirectly, providing or collecting funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out terrorist acts.4

  • Anti-Corruption Laws means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption.

  • Anti-Corruption Law means any Applicable Law relating to anti-bribery or anti-corruption (governmental or commercial), including the Foreign Corrupt Practices Act of 1977, as amended, and any other Applicable Law that prohibits the corrupt payment, offer, promise or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to any Person, including any Government Official.

  • Export-controlled items means items subject to the Export Administration Regulations (EAR) (15 CFR parts 730-774) or the International Traffic in Arms Regulations [(ITAR)] (22 CFR parts 120-130). The term includes—