War risk. A number of restrictions apply in the Netherlands during a state of war. It does not make any difference whether or not a participant/former participant or pension beneficiary is in the armed forces. We establish when a state of war begins and ends, unless the Dutch Central Bank (DNB) does so. During a state of war: - the insured amounts are reduced by 10%; - the paid-up values are reduced by the amount by which the insured amounts have been reduced; - the commutation values and transfer values are reduced in the same proportion as the paid-up values. These reductions do not apply if the participant/former participant or pension beneficiary did not remain in the Netherlands during the entire state of war but was in one or more countries not at war during this period and where no acts of war took place. The participant/former participant or pension beneficiary must demonstrate that this applies to him or her. He or she must do so within six months after the end of the state of war has been established, but by no later than the point when a pension benefit becomes claimable, or when the premium is waived or there is a transfer of accrued benefits. After the end of the state of war has been established, we will calculate whether the total reductions are higher than the amount of the additional mortality losses resulting from the state of war. If this is the case, we will arrange the following, no later than nine months after the end of the year of war in which the state of war ended: - any rebates will be reversed, either fully or partially; - any previous rebates imposed will be paid out, either fully or partially; - any rebates imposed for the future will lapse, either fully or partially. The Minister of Finance may oblige us to apply other restrictions. He can do so if the Financial Transactions (Emergencies) Act [Noodwet financieel verkeer] applies. In that case the restrictions in this section will lapse.
War risk. LIMIT OF LIABILITY The Company will cede to the Reinsurers, and the Reinsurers will accept, up to a 100% quota share participation in respect to the original limits for War Risk, as respects the policies set forth in the Coverage Article of this Agreement. The limit of liability to the Reinsurers for loss will not exceed $5,000,000 (100% of $5,000,000) each person, each policy, plus their proportionate share of loss expense (payable whether or not the Company has paid or has become liable to pay any loss under its policy) subject to an aggregate limit of $50,000,000 (100% of $50,000,000) each accident, each policy, plus their proportionate share of any loss expense (payable whether or not the Company has paid or has become liable to pay any loss under its policy). Should any loss involve this Exhibit D, the obligation of the Reinsurers will be reinstated immediately and automatically as to any subsequent loss for the full amount of reinsurance as set forth above.
War risk. Subject to the rights of Lessee under Section 11.10, if and to the extent that the Lessee or a Permitted Sublessee operates the Aircraft (a) on routes for which it maintains war risk, hijacking or allied perils insurance in effect with respect to other similar owned or leased aircraft in its fleet, (b) on routes (other than routes within the United States and Canada) where the custom in the industry is to carry war risk insurance, or (c) in any area of recognized hostilities, the Lessee or such Permitted Sublessee shall maintain or cause to be maintained a war risks insurance policy (hull and liability) on the Aircraft covering all of those risks that are currently enumerated in Lloyds Form AVN 48B (War, Hijacking and Other Perils Exclusion Paragraph (Aviation)) to the fullest extent possible and any additional risks that may hereafter be included therein or in any form succeeding to any of its functions in an amount with respect to hull, not less than the Stipulated Loss Value and, with respect to liability, in an amount not less than the Minimum Liability Amount. An agreement of a United States Entity backed by the full faith and credit of the United States government to insure against or indemnify for substantially the same risks to at least the same amount will satisfy any of the requirements of this Section 11.04.
War risk. BIMCO Standard War Risk Clause for Time Charters, 1993 Code Name: “CONWARTIME 2004”
War risk. (A) “War risks” shall include acts of terrorism or port/facility security measures intended to address acts of war or acts of terrorism. [****] Confidential Treatment Requested 33
War risk. (a) The Vessel (unless the consent of the Owners be first obtained)
War risk. Any increased war risk or other insurance premiums levied after the date hereof and the cost of any bonuses or crew war payments incurred by Seller in connection with the performance of this Contract shall be includable in Direct Costs in proportion to the sum of all the bills of lading quantities of the products on board the vessel and the xxxx of lading quantity of Product sold to Buyer.
