Accepted Risks definition

Accepted Risks means the risks on the site accepted by the accepting officer of the contract, or the TFC in case of contracts accepted by OC or reps (otherwise than contractors employees) war invasion act of foreign enemies, hostilities civil war, rebellion, revolution, insurrection military or usurped tornado power, damage from aircraft & acts of God such as earth quake lightning unprecedented floods & tornado.
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Accepted Risks means risks due to riots (other than among Contractor's employees) and civil commotion (in so far as these are uninsurable),war (whether declared or not),invasion, act of foreign enemies, hostilities, civil war, rebellion, revolution, insurrection, military or usurped power, damage from aircraft, act of God, such as earthquake, lightning and unprecedented floods & other causes over which the Contractor has no control and accepted as such by the Owner or causes solely due to use or occupation by the Owner of the part of works in respect of which a certificate of completion has been issued on account of these reasons or any other reason extension has to be obtained by the contractor from the owner.
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Accepted Risks means the following risks which are retained by the Authority:
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Examples of Accepted Risks in a sentence

  • The contractor shall be responsible at his own expense for precautions to prevent loss or damage from any and all risks other than for Accepted Risks and to minimize the amount of any loss or damage and for the provision of all protective works, casings, etc., required for the purpose, until the works have been handed over complete to the Engineer in charge.

  • Although HRO theory does not state explicitly which classes of hazards can be avoided, the principles do not apply to New to Science hazards or Accepted Risks.

  • In case of any damage, loss or injury to the works (either of Contractor‟s or other agencies) except for causes defined under Accepted Risks Clause, the Contractor shall repair / make goods or replace such damaged items at his own cost and make the same good and acceptable.

  • Primary Care Active and Accepted Risks The risk register now contains 58 risks in total, (previously 59), 13 of which are aligned to the CCG Primary Care Commissioning Committee.

  • Therefore, in the overall judgment of the risk potential of the system, it is necessary to consider different cate- gories of risk:• Accepted Risks.

  • The Contractor shall have custody of those Articles and shall be responsible for, and with all possible speed make good, any loss of or damage to them irrespective of the cause (including Accepted Risks).

  • Primary Care Active and Accepted Risks The risk register now contains 64 risks in total, (previously 69), 10 of which are aligned to the CCG Primary Care Commissioning Committee.

  • SSC 11: PRECAUTIONS AGAINST RISKS: The contractor shall be responsible at his own expense for precautions to prevent loss or damage from any and all risks other than for Accepted Risks and to minimize the amount of any loss or damage and for the provision of all protective works, casings, etc., required for the purpose, until the works have been handed over complete to the Engineer in charge.

Related to Accepted Risks

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • Country Risks means with respect to any Foreign Depository: (a) the financial infrastructure of the country in which it is organized, (b) such country's prevailing custody and settlement practices, (c) nationalization, expropriation or other governmental actions, (d) such country's regulation of the banking or securities industry, (e) currency controls, restrictions, devaluations or fluctuations, and (f) market conditions which affect the order execution of securities transactions or affect the value of securities.

  • fall risk means any potential exposure to falling either from, off or into;

  • All Risks property insurance in an amount adequate to cover the full replacement cost of all Tenant Additions to the Premises, equipment, installations, fixtures and contents of the Premises in the event of loss; (d) In the event a motor vehicle is to be used by Tenant in connection with its business operation from the Premises, Comprehensive Automobile Liability Insurance coverage with limits of not less than Three Million and No/100 Dollars ($3,000,000.00) combined single limit coverage against bodily injury liability and property damage liability arising out of the use by or on behalf of Tenant, its agents and employees in connection with this Lease, of any owned, non-owned or hired motor vehicles; and (e) such other insurance or coverages as Landlord reasonably requires.

  • All Risk property insurance on a full replacement cost basis insuring CLEC’s property situated on or within any CenturyLink Premises. CLEC may elect to insure business interruption and contingent business interruption, as it is agreed that CenturyLink has no liability for loss of profit or revenues should an interruption of service occur.

  • Accepted Contract Amount means the amount accepted in the Letter of Acceptance for the execution and completion of the Works and the remedying of any defects.

  • International shipment means the transportation of hazardous waste into or out of the jurisdiction of the United States.

  • Country Risk means all factors reasonably related to the systemic risk of holding Foreign Assets in a particular country including, but not limited to, such country’s political environment, economic and financial infrastructure (including any Eligible Securities Depository operating in the country), prevailing or developing custody and settlement practices, and laws and regulations applicable to the safekeeping and recovery of Foreign Assets held in custody in that country.

  • Aircraft means any machine that can derive support in the atmosphere from the reactions of the air other than the reactions of the air against the earth’s surface;

  • high risk breach means that the threshold for notifying the individual is higher than that for notifying the relevant supervisory authority.

  • Approved purchasing system means a Contractor’s purchasing system that has been reviewed and approved in accordance with Part 44 of the Federal Acquisition Regulation (FAR)

  • liquidity risk means the risk that a position in the portfolio cannot be sold, liquidated or closed out at limited cost in an adequately short time frame and that the ability of the investment service provider to liquidate positions in an individual portfolio in accordance with the contractual requirements of the portfolio management mandate, is thereby compromised;

  • excess risks means, in relation to a Ship, the proportion of claims for general average, salvage and salvage charges not recoverable under the hull and machinery policies in respect of the Ship in consequence of its insured value being less than the value at which the Ship is assessed for the purpose of such claims;

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Alternative Diesel Fuel means any fuel used in a CI engine that is not commonly or commercially known, sold, or represented by the supplier as diesel fuel No. 1-D or No. 2-D, pursuant to the specifications in ASTM D975-81, “Standard Specification for Diesel Fuel Oils,” as modified in May 1982, which is incorporated herein by reference, or an alternative fuel, and does not require engine or fuel system modifications for the engine to operate, although minor modifications (e.g., recalibration of the engine fuel control) may enhance performance. Examples of alternative diesel fuels include, but are not limited to, biodiesel that does not meet the definition of CARB diesel fuel; Fischer-Tropsch fuels; emulsions of water in diesel fuel; and fuels with a fuel additive, unless:

  • FCA means the Financial Conduct Authority;

  • Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment;

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • operational risk means the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events, and includes legal risk;

  • market risk means the risk of loss for the individual portfolio resulting from a fluctuation in the market value of positions in the portfolio attributable to changes in market variables, such as interest rates, foreign exchange rates, equity and commodity prices, or an issuer's creditworthiness;

  • Low risk means normal, uncomplicated prenatal course as determined by adequate prenatal care and prospects for a normal, uncomplicated birth as defined by reasonable and generally accepted criteria of maternal and fetal health.

  • international flight means all flights other than Domestic Flights.

  • At risk means a student who has the potential for academic failure, including, but not

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • international voyage means a voyage from a country to which the present Convention applies to a port outside such country, or conversely.

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.