WAR AND CIVIL DISTURBANCE Covered Risk. 5.1 The guarantee against War and Civil Disturbance shall cover a Loss due to default on a Scheduled Payment that is a direct and immediate result of: (a) the destruction or disappearance of, or physical damage to, tangible assets (other than precious metals, gems, works of art, money or documents) in the Host Country which constitute the Investment Project; or (b) the total inability of the Project Enterprise to conduct operations essential to its overall financial viability as a going concern during the applicable Waiting Period; provided that:
Appears in 3 contracts
Samples: Contract of Guarantee for Shareholder Loans, Contract of Guarantee for Non Shareholder Loans, Contract of Guarantee for Shareholder Loans
WAR AND CIVIL DISTURBANCE
Covered Risk. 5.1 The guarantee against War and Civil Disturbance shall cover a Loss due to default on a Scheduled Payment failure to receive payment from the Project Enterprise of Guaranteed Reimbursement Amounts that is a direct and immediate result of:
(a) the destruction or disappearance of, or physical damage to, tangible assets (other than precious metals, gems, works of art, money or documents) in the Host Country which constitute the Investment Project; or
(b) the total inability of the Project Enterprise to conduct operations essential to its overall financial viability as a going concern during the applicable Waiting Period; provided that:
Appears in 2 contracts
Samples: Contract of Guarantee, Contract of Guarantee
