Excepted Risk definition
Examples of Excepted Risk in a sentence
Excepted Risk 1 war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), terrorism, civil war, rebellion, revolution, insurrection or militarily usurped power, martial law or confiscation by order of any Authority; or 2 ionising radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel not caused by a Participant, a Subcontractor or any of the Participants' Associates.
If such damage or loss occurs the Contractor must, except in respect of an Excepted Risk, at its own cost promptly make good the damage or loss.
If loss or damage, other than that caused by an Excepted Risk, occurs to the Services or project during the period of the Managing Contractor’s care, the Managing Contractor shall, at its cost, rectify such loss or damage.
If a party that receives an Excepted Risk Notice does not consider that an Excepted Risk Event has occurred in relation to the Affected Party, it may: a refer the matter to the Dispute Resolution Procedure within 5 Business Days of receiving that Excepted Risk Notice; or b exercise such other rights available to it under this Agreement.
The Service Provider 's liability to indemnify RTA under paragraphs (a) and (b) is reduced proportionately to the extent that an Excepted Risk contributes to the loss, damage, destruction, death, disease, illness or injury.