Uninsurable Risk definition

Uninsurable Risk has the meaning set out in Section 6.15 (Consequences of Risks Becoming Uninsurable);

Uninsurable Risk in respect of a MIM Project, has the meaning given to it in the relevant Project Agreement;

Uninsurable Risk means a risk falling within the definition of Insured Risks in respect of which insurance is not available in the London insurance market or is only available on terms which the Landlord reasonably determines are unacceptable or only partly acceptable, but a risk does not become an Uninsurable Risk by reason only if:

Examples of Uninsurable Risk 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.

• If MDOT and the Section Developer agree that a risk is an Uninsurable Risk (and not due to any fault of the Section Developer), MDOT and the Section Developer shall consider in good faith alternative insurance packages and programs that provide coverage as comparable as is possible under then-existing insurance market conditions.

More Definitions of Uninsurable Risk

Uninsurable Risk means a risk for which:

Uninsurable Risk means a risk in respect of which either:

Uninsurable Risk means Day 1 Uninsurable Risks and any other risk that is required to be insured in accordance with this Agreement and for which insurance is available at Contractual Close but:

Uninsurable Risk has the meaning set out in Section 7.14 of this Agreement;

Uninsurable Risk has the meaning given in Section 8.1 of Schedule 24 - Insurance and Performance Security Requirements to the Project Agreement.

Uninsurable Risk means a risk that is required to be insured in accordance with this Agreement and for which insurance is available at the Date of this Agreement but:

Uninsurable Risk means a risk previously included within a policy of insurance in the Contractor Insurances in relation to which the Contractor's insurers notify the Contractor that: