Nuclear Incident Sample Clauses
The Nuclear Incident clause defines how liabilities and responsibilities are managed in the event of a nuclear-related accident or incident. Typically, this clause clarifies that damages, injuries, or losses resulting from nuclear incidents are excluded from standard contractual obligations or insurance coverage. For example, if a nuclear accident causes property damage, the parties involved would not be held liable under the contract, as such risks are usually covered by specialized nuclear liability regimes. The core function of this clause is to allocate risk appropriately by excluding extraordinary nuclear risks from general agreements, ensuring that parties are not unfairly burdened by events beyond their reasonable control.
Nuclear Incident. WE DO NOT INSURE claims arising out of any event which is insured under a nuclear energy liability policy issued by the Nuclear Insurance Association of Canada or any other group or pool of insurers, regardless of exhaustion of such policy limits or its termination. This exclusion applies whether or not there is another cause or occurrence (whether covered or not) that contributes concurrently or in any sequence to the occasioning of the loss or damage.
Nuclear Incident. (a) WE DO NOT INSURE loss, damage or expenses caused directly or indirectly by any nuclear accident as defined in any nuclear liability act, law or statute, or by nuclear explosion.
(b) WE DO NOT INSURE loss or damage caused by contamination by radioactive material. These exclusions apply whether or not there is another cause or occurrence (whether covered or not) that contributes concurrently or in any sequence to the occasioning of the loss, damage or expenses.
Nuclear Incident. This provision excludes any liability arising from any Claim resulting or arising, directly or indirectly, from any nuclear material handling, usage, processing, storage, transportation, or disposal, or any nuclear facility ownership or operation, by or on behalf of the Fund Member.
Nuclear Incident. Bodily injury or property damage which is required to be insured under a nuclear energy liability policy issued by the Nuclear Insurance Association of Canada, or any other group or pool of insurers.
Nuclear Incident. Loss or damage caused by: • any nuclear accident as defined in the Nuclear Liability Act, or any other nuclear liability act or, law or statute, or any law amendatory thereof or nuclear explosion except for ensuing loss or damage which results directly from fire, lightning, or explosion of natural, coal or manufactured gas; • contamination by radioactive material.