Insurance Review Period definition

Insurance Review Period a two year period from the Relevant Insurance Inception Date and each subsequent two year period commencing on the second anniversary of the Relevant Insurance Inception Date except where the end of such period lies beyond the end of the Contract Period, in which case the Insurance Review Period shall be the period from the end of the penultimate Insurance Review Period to the last day of the Contract Period;
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Insurance Review Period means a one year period from the Relevant Insurance Inception Date and each subsequent one year period commencing on the Relevant Insurance Inception Date, except where the end of such period lies beyond the end of the Project Term, in which case the Insurance Review Period shall be the period from the end of the penultimate Insurance Review Period to the last day of the Project Term.
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Insurance Review Period is amended by deleting it in its entirety and replacing it with the following:
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Examples of Insurance Review Period in a sentence

  • If there is a different period "Insurance Review Period" will also need to be updated.

  • By written notice to Lessee not later than thirty (30) days after an Insurance Review Period, Lessor may require Lessee to increase the coverage limits of any Insurance required of Lessee hereunder, provided that such increase shall not exceed ten (10%) of the coverage limit established for a policy of insurance in the immediately preceding Insurance Review Period.

  • Exceptional Cost means for an [Insurance Review Period], the extent to which there is an [Insurance Cost Increase] which exceeds 30% of the [Base Benchmarked Insurance Cost] for that [Insurance Review Period].

  • Exceptional Saving means for an [Insurance Review Period], the extent to which there is an [Insurance Cost Decrease] which exceeds 30% of the [Base Benchmarked Insurance Cost] for that [Insurance Review Period].

  • Insurance Review Period means the three year period beginning on the [Substantial Completion Date] and each subsequent three year period thereafter.


More Definitions of Insurance Review Period

Insurance Review Period means a one year period from the Service Commencement Date and each subsequent one year period commencing on the first anniversary of the Service Commencement Date, except if the end of such period occurs after the end of the Term, in which case the Insurance Review Period will be the period from the final Insurance Review Period to the last day of the Term.
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Insurance Review Period has the meaning given in Section 7.1(e) of Schedule 24 - Insurance and Performance Security Requirements.
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Insurance Review Period means a two year period from the Relevant Insurance Inception Date and each subsequent two year period commencing on the second anniversary of the Relevant Insurance Inception Date except where the end of such period lies beyond the end of the Contract Period, in which case the Insurance Review Period shall be the period from the end of the penultimate Insurance Review Period to the last day of the Contract Period; Joint Insurance Cost Report shall bear the meaning ascribed to it in paragraph 2.2 of this Part 5; Portfolio Cost Saving means any insurance cost saving which arises from the Contractor changing the placement of the Required Insurances from being on a standalone project specific basis assumed at Financial Close and reflected in the Base Cost, to being on the basis of a policy (or policies) also covering risks on other projects or other matters which are outside the scope of the Project so as to benefit from portfolio savings and a Portfolio Cost Saving is defined to be a positive sum and cannot be less than zero;44
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Insurance Review Period means a three year period from the Benchmarked Insurance Inception Date and each subsequent three year period commencing on the third anniversary of the Benchmarked Insurance Inception Date except where the end of such period lies beyond the end of the Term, in which case the Insurance Review Period shall be the period from the end of the penultimate Insurance Review Period to the last day of the Term.
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Insurance Review Period has the meaning set out in Section 3.2 of Schedule 5 [Insurance];
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Insurance Review Period means the three year period beginning on the [Substantial Completion Date] and each subsequent three year period thereafter. 6.3 Uninsurable RisksIn addition to the risk that the cost of insurance may temporarily increase in material and unexpected ways during the life of a Project, Developers also face the possibility that insurers may no longer provide coverage against certain risks the Concession Agreement requires the Developer to insure against. For example, the Concession Agreement may require the Developer to insure against the risk of damage from named windstorms, but insurers may no longer offer such coverage. Given the importance of insurance to any P3 transaction, the existence of such an “Uninsurable Risk” could place the Project in jeopardy if the applicable risk arose.The concept of an “Uninsurable Risk” should not be confused with Force Majeure Events, however; a Force Majeure Event would not constitute an “Uninsurable Risk” unless the Concession Agreement required the Developer to insure against it and such insurance is not available (as described below). Departments, in consultation with their insurance advisors, do not typically require coverage on terms that cannot be obtained in the market from the outset. Provisions governing Uninsurable Risks are intended to address the possibility that the products and coverage offered in the insurance markets change over time. The minimum insurance requirements set by the Department in the Concession Agreement are likely to be reasonable and appropriate when originally mandated, but over the long Term of a Concession Agreement may be eclipsed by market practice. 6. Insurance An example definition of Uninsurable Risk is set forth below: Uninsurable Risk means a risk for which:
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Related to Insurance Review Period

  • Review Period has the meaning set forth in Section 2.04(c)(i).

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • Flood Insurance Study (FIS means an examination, evaluation, and determination of flood hazards, corresponding water surface elevations (if appropriate), flood hazard risk zones, and other flood data in a community issued by the FEMA. The Flood Insurance Study report includes Flood Insurance Rate Maps (FIRMs) and Flood Boundary and Floodway Maps (FBFMs), if published.

  • Claim Period means the time period during which Settlement Class Members may submit a Claim Form to the Settlement Administrator for review. The Claim Period shall run for a period of time ordered by the Court, and last at least one-hundred and twenty (120) calendar days from the date of the first publication of the Summary Settlement Notice or Class Notice, whether online, via print publication, or via press release, whichever is earlier.

  • Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.

  • Basic Comprehensive User Guide means the Ministry document titled Basic Comprehensive Certificates of Approval (Air) User Guide” dated April 2004 as amended.

  • Flood Insurance Study means the official report provided by the Federal Insurance Administration that includes flood profiles, the Flood Insurance Rate Map, the Flood Boundary and Floodway Map, and the water surface elevation of the base flood.

  • Defects Notification Period means the period for notifying defects in the Works or a Section (as the case may be) under Sub-Clause 11.1 [Completion of Outstanding Work and Remedying Defects], which extends over 365 days except if otherwise stated in the SCC (with any extension under Sub-Clause 11.3 [Extension of Defects Notification Period]), calculated from the date on which the Works or Section is completed as certified under Sub-Clause 10.1[Taking Over of the Works and Sections].

  • Insurance carrier means every insurance carrier duly