Increased Risk Clause Samples
The Increased Risk clause defines how additional risks that arise during the performance of a contract are managed between the parties. Typically, this clause outlines the process for identifying and notifying the other party if circumstances change in a way that increases the risk or cost of fulfilling contractual obligations, such as new safety hazards or regulatory changes. Its core function is to allocate responsibility for unforeseen risks, ensuring that both parties are aware of and can address new challenges as they arise, thereby reducing disputes and promoting fair risk-sharing.
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Increased Risk. Tenant will not do anything or permit anything to be done or any hazardous condition to exist ("Increased Risk") which shall invalidate or cause the cancellation of the insurance policies carried by either Tenant or Landlord. If Tenant does or permits any Increased Risk which causes an increase in the cost of Landlord's insurance policies then Tenant shall reimburse Landlord pursuant to Paragraph 23 for additional premiums attributable to any act, omission or operation of Tenant causing the increase in the premiums, including, but not limited to, non-compliance with recommendations under Paragraph 6.2. Payment of additional premiums will not excuse Tenant from terminating or removing the Increased Risk unless Landlord agrees in writing. Absent agreement, Tenant shall promptly terminate or remove the Increased Risk.
Increased Risk. Sublessee shall not, without Sublessor’s prior written consent, keep anything within the Subleased Premises or use the Sublease Premises for any purpose which increases the insurance premium cost or invalidates any insurance policy carried on the Subleased Premises or the Store or the Common Area. All property kept, stored or maintained within the Subleased Premises by Sublessee shall be at Sublessee’s sole risk.
Increased Risk. Tenant agrees that Tenant will not do anything in or upon the Premises which may be prohibited by any insurance policy in force carried by Landlord or Tenant, from time to time, covering the Shopping Center or any portion thereof. In the event Tenant's occupancy or conduct of business in or upon the Premises (whether or not Landlord has consented to the same) results in any increase in premiums for (or cancellation of) the insurance carried from time to time by landlord with respect to the Shopping Center, Tenant shall, at Landlord's option, either cease such use or conduct, immediately, or pay any resulting increase in premium upon demand therefor from Landlord. In determining whether increased premiums or cancellation are a result of Tenant's occupancy of the Premises, the written determination of the insurer shall be conclusive. Tenant shall promptly comply with all reasonable requirements of the insurance authority or of any insurer now or hereafter in effect relating to the use and/or maintenance of the Premises.
Increased Risk. Tenant shall not do anything or permit anything to be done or any hazardous or unsafe condition to exist ("Increased Risk") that shall invalidate or cause the cancellation of the insurance policies carried by either Tenant or Landlord. If Tenant creates or permits any Increased Risk that causes an increase in the cost of Landlord's insurance policies, then Tenant shall reimburse Landlord pursuant to Section 23 (Landlord's Right to Cure) for additional premiums attributable to any act, omission or operation of Tenant causing the increase in the premiums, including, but not limited to, non-compliance with recommendations under Section 6.2 (Compliance with Laws an Official Directives). Payment of additional premiums shall not excuse Tenant from terminating or removing the Increased Risk, unless Landlord agrees in writing. Absent such agreement, Tenant shall promptly terminate or remove the Increased Risk.
Increased Risk. If the change represents an increased risk, the Insurer may either terminate the contract, or propose the Policy holder a new premium. In the latter case, if the Policy holder does not follow up the proposal or if they explicitly reject the new premium, the Insurer may terminate the contract after a period of 30 days following the proposal. The termination becomes effective 10 days after expiry of the 30 day period.
Increased Risk. Agent shall give Owner written notice if any facts of which Agent is aware evidence an increase in the risk of casualty loss or a claim of liability in connection with the Project or its operation. Such notice shall be given as soon as Agent has knowledge of such facts.
Increased Risk. Manager shall give Owner written notice if any facts of which Manager is aware evidence an increase in the risk of casualty loss or a claim of liability in connection with the Property or its operation. Such notice shall be given as soon as Manager has knowledge of such facts.
Increased Risk. Employees that currently fall under one of the identified increased risk groups may seek a reasonable accommodation by working with the District’s Human Resources department. Employees in this category may also use their accrued sick leave per the Governor’s proclamation. Other provisions mandated at the state level or by the Governor’s office, such as access to unemployment benefits shall be adhered to by the district if the mandate is in place or until the end of the 2020-21 school year, whichever occurs first.
Increased Risk. Employees who are considered by the Center for Disease Control (CDC) to be within “increased risk” or “might be at increased risk” categories can request accommodation through the ADA accommodation process. Employees who self-identify as one of these categories shall make a request through the Human Resources Department. Human Resources will work with members who fall into this category through the accommodation process. Employees in this category may also use their accrued sick leave per the Governor’s proclamation. Other provisions mandated at the state level or by the Governor’s office, such as access to unemployment benefits shall be adhered to by the district as long as the mandate is in place or the end of the 2020-2021 school year, whichever occurs first.
Increased Risk. Village shall give Owner written notice of any facts of which Village is aware evidence an increase in the risk of casualty loss or a claim of liability in connection with any portion of the Maintenance Area. Such notice shall be given as soon as Village has knowledge of such facts.