Act of Terrorism definition
Examples of Act of Terrorism in a sentence
Notwithstanding any provision to the contrary within this Contract or any endorsement thereto, it is agreed that this Contract excludes loss, damage, cost, or expense directly or indirectly caused by, contributed to by, resulting from, or arising out of or in connection with any Act of Terrorism, as defined herein, regardless of any other cause or event contributing concurrently or in any other sequence to the loss.
The Reinsurer’s liability in respect of Ultimate Net Loss amounts recoverable hereunder for an Act of Terrorism (as defined in the definition of “Act of Terrorism”) occurring during the term of this Contract shall not exceed $40,000,000.
As such, pursuant to 6 U.S.C. 443(b) of the SAFETY Act and 6 C.F.R. 25.5(e), each Party shall be responsible for losses, including business interruption losses, that such Party sustains (and for losses that its employees sustain) resulting from an activity resulting from an Act of Terrorism when the Qualified Anti-Terrorism Technology(s) has been deployed in defense against or response to or recovery from such Act of Terrorism.
This term shall mean an Occurrence arising out of any Act of Terrorism, as described in paragraphs (1) and (2) below.
Material Change in the Reinsured’s Underwriting Practices that materially increases the Reinsured’s underwriting exposure to a Loss Occurrence arising from an Act of Terrorism.