Terrorism Losses definition

Terrorism Losses shall be those types of losses which result from perils of terrorism and acts of terrorism as are currently “certified” under TRIA whether or not TRIA is in effect excluding losses for nuclear, biological or chemical acts.
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Terrorism Losses shall have the meaning set forth in Section 6.1(a) hereof.
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Terrorism Losses shall be those types of losses which result from perils of terrorism and acts of terrorism (a) as are currently “certified” under TRIPRA or (b) as are not currently “certified” under TRIPRA, in each case whether or not TRIPRA is in effect, excluding losses for nuclear, biological, radiological or chemical acts.
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Examples of Terrorism Losses in a sentence

  • Disclosure Of Federal Participation In Payment Of Terrorism Losses The United States Government, Department of the Treasury, will pay a share of terrorism losses insured under the federal program.

  • Calendar Year 2020: Federal Share 80% - Program Trigger $200,000,000.Cap On Insurer Participation In Payment Of Terrorism Losses: If aggregate insured losses attributable to “certified acts of terrorism” exceed $100 billion in a calendar year and we have met our deductible under the Act, we shall not be liable for the payment of any portion ofthe amount of such losses that exceeds $100 billion.

  • In the event any of the foregoing conditions are not satisfied, Concordia shall not be deemed an acceptable insurer of Terrorism Losses.

  • Borrower shall not be required to maintain Insurance coverage with respect to terrorism losses that are not Terrorism Losses.

  • CONFIRMATION OF EXCLUSION OF CERTIFIED ACTS OF TERRORISM COVERAGE - TERRORISM RISK INSURANCE ACT SCHEDULETerrorism Premium:$100.00Federal Share Of Terrorism Losses: 85% In 201584% In 201683% In 201782% In 201881% In 201980% In 2020Disclosure Of PremiumWe have notified you that under the Terrorism Risk Insurance Act we must make certified acts of terrorism coverage available in the policies we offer.

  • Terrorism Premium: Federal Share of Terrorism Losses: $0 80% We have notified you that under the Terrorism Risk Insurance Act we must make certified acts of terrorism coverage available in the policies we offer.

  • Disclosure Of Federal Participation In we have met our insurer deductible under the Payment Of Terrorism Losses Terrorism Risk Insurance Act, we shall not be The United States Government, Department of the liable for the payment of any portion of the Treasury, will pay a share of terrorism losses amount of such losses that exceeds $100 billion, insured under the federal program.

  • Notwithstanding the foregoing, in no event shall Borrower be required to pay annual premiums for any insurance policy described in (A) or (B) covering Terrorism Losses in respect of the Property in excess of the Terrorism Premium Limit (i.e. if the cost exceeds the Terrorism Premium Limit, Borrower shall obtain as much coverage for Terrorism Losses as is available at a cost equal to the Terrorism Premium Limit).

  • An aluminum, alloy, or steel yoke assembly shall firmly grip the camera while providing maximum protection to the camera.

  • In the event any of the foregoing conditions are not satisfied, Concord shall not be deemed an acceptable insurer of Terrorism Losses.

Related to Terrorism Losses

  • Anti-Terrorism Law means the USA Patriot Act or any other law pertaining to the prevention of future acts of terrorism, in each case as such law may be amended from time to time.

  • Anti-Terrorism Laws are any laws relating to terrorism or money laundering, including Executive Order No. 13224 (effective September 24, 2001), the USA PATRIOT Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by OFAC.

  • Terrorism Cap Amount is the specified percentage (which is at least equal to 200%) of the amount of the insurance premium that is payable at such time in respect of the property and business interruption/rental loss insurance required under the related Loan Documents (without giving effect to the cost of terrorism and earthquake components of such casualty and business interruption/rental loss insurance).

  • Anti-Terrorism Order means Executive Order No. 13,224 of September 24, 2001, Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended.

  • Anti-Money Laundering and Anti-Terrorism Laws shall have the meaning assigned thereto in Section 3.1(f)(i).

  • terrorism financing means directly or indirectly, unlawfully and wilfully, provides or collects funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out acts of terrorism.

  • Applicable Anti-Corruption and Bribery Laws means international, federal, state, provincial and local laws, rules, regulations, directives and governmental requirements currently in effect and as they become effective relating in any way to the Contractor’s provision of goods and/or services to Authority, including without limitation “FCPA” or any applicable laws and regulations, including in the jurisdiction in which the Contractor operates and/or manufac- tures goods for the Authority, relating to anti-corruption and bribery.

  • Certified act of terrorism means an act that is certified by the Secretary of the Treasury, in accordance with the provisions of the federal Terrorism Risk Insurance Act, to be an act of terrorism pursuant to such Act. The criteria contained in the Terrorism Risk Insurance Act for a "certified act of terrorism" include the following:

  • Anti-Corruption and Anti-Bribery Laws means the Foreign Corrupt Practices Act of 1977, as amended, any rules or regulations thereunder, or any other applicable United States or non-U.S. anti-corruption or anti-bribery laws or regulations.

  • Terrorism means an ideologically motivated unlawful act or acts, including but not limited to the use of violence or force or threat of violence or force, committed by or on behalf of any group(s), organization(s) or government(s) for the purpose of influencing any government and/or instilling fear in the public or a section of the public.

  • Corruption means the abuse of entrusted power for private gain. It may include improperly influencing the actions of another party or causing harm to another party. The gain or benefit may be for the person doing the act or for others.

  • terrorist offences means offences as defined in Article 3(1) of Directive (EU) 2017/541;

  • Act of Terrorism means:an act, including but not limited to the use of force or violence and/or the threat of any person or group of persons, whether acting alone or on behalf of or in connection with any organisation or government which from its nature or context is done for, or in connection with political, religious, ideological, ethnic or similar purposes including the intention to influence any government and/or to put the public, or any section of the public in fear.

  • terrorist means any natural person who:

  • Proceeds of Crime Act means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), as amended from time to time, and including all regulations thereunder.

  • Terrorist Act means an act including but not limited to the use or threatened use of force or violence against person or property, or commission of an act dangerous to human life or property, or commission of an act that interferes with or disrupts an electronic or communication system, undertaken by any person or group, whether or not acting on behalf of or in connection with any organization, government, power, authority or military force, when the effect is to intimidate or coerce a government, the civilian population or any segment thereof, or to disrupt any segment of the economy.

  • Proceeds of crime means any property derived from or obtained, directly or indirectly, through the commission of an offence;

  • Corrective order means an order issued by the commissioner specifying corrective actions that the commissioner has determined are required.

  • Financing of Terrorism means the act of providing or collecting funds with the intention that they be used, or in the knowledge that they are to be used, in order to carry out terrorist acts.

  • Terrorist Incident means an act of violence by any person acting on behalf of or in connection with any organization which is generally recognized as having the intent to overthrow or influence the control of any government, that is deemed terrorism by the United States Government other than civil disorder or riot, that is not an act of war, declared or undeclared, that results in Loss of life or major damage to property.

  • Foreign terrorist organization means an organization designated as a foreign terrorist organization by the United States secretary of state as authorized by 8 U.S.C. Section 1189.

  • Applicable Anti-Money Laundering Law shall have the meaning assigned to such term in Section 6.11.

  • terrorist financing means terrorist financing as defined in Article 1(5) of Directive (EU) 2015/849;

  • Delegated Anti-Money Laundering Duties means the written anti-money laundering duties that, where applicable, the Trust has delegated to the Transfer Agent to satisfy applicable regulatory requirements relating to anti-money laundering.

  • Anti-Corruption Laws means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption.

  • Anti-Corruption Law means any Applicable Law relating to anti-bribery or anti-corruption (governmental or commercial), including the Foreign Corrupt Practices Act of 1977, as amended, and any other Applicable Law that prohibits the corrupt payment, offer, promise or authorization of the payment or transfer of anything of value (including gifts or entertainment), directly or indirectly, to any Person, including any Government Official.