financial protection definition
financial protection means the amount specified in Item 2 or the Attach- ment annexed hereto.
financial protection against “public liability” in the event of a “nuclear incident,” including nuclear liability insurance as required under Atomic Energy Act, as amended, and the NRC’s implementing regulations. If the current requirements respecting the maintenance of nuclear liability insurance and other forms of “financial protection” shall cease to be applicable, the amount of required “financial protection” reduced, or the cap on “public liability” arising out of a “nuclear incident” as established by the Atomic Energy Act shall be increased or eliminated, PS shall continue to provide such protection for Exelon, as is then customary in the nuclear industry, and consistent with the Owners Agreement, against “public liability” in the event of a nuclear incident to the extent available from commercial, industry and governmental sources and customary in the United States. (For purposes of this Article 9.1.4, the terms in quotations shall have the meanings given to them in the Atomic Energy Act, as amended, and the NRC’s implementing regulations.)
financial protection means the use of financial instruments to facilitate access to economic resources, as required, to allow for the timely response to and rehabilitation and recovery from, a disaster, and includes –
More Definitions of financial protection
financial protection means being able to access timely and adequate financial resources to:
financial protection means the ability to respond in damages for public