Uninsurable Event definition

Uninsurable Event means an event or circumstances, stated in the Special Terms and Conditions and/or the Insurance Certificate (Policy), upon which occurrence the Insurer shall not pay the Insurance Indemnity.
Sample 1Sample 2Sample 3
Uninsurable Event means an event for which insurance is required to be effected pursuant to Annexure XVIII which insurance is not available in the world-wide insurance market or an event which is not generally insured against in the worldwide insurance market due to the level of premiums payable for such insurance;
Sample 1Sample 2
Uninsurable Event means any event which arises directly and solely from an Uninsurable Risk.
Sample 1Sample 2

Examples of Uninsurable Event in a sentence

  • If the Insured has been declared to be deceased by a court, then it shall be considered as the Insurable Event, provided the day of disappearance or presumed death of the Insured falls in the Insurance Period and provided it is specified in the court decision that she/he disappeared in deathful circumstances or circumstances giving the reason to believe that the death of the Insured has been caused by the event which shall not be considered a Uninsurable Event.

  • If an event is acknowledged to the Uninsurable Event, the Insurer shall inform of such a decision and/or refusal to pay the Insurance Indemnity within 30 (thirty) days from the date of receipt of all information that has a significant effect on determination of the fact, circumstances and consequences of the event.

  • Damage caused to the Vehicle or equipment on hire for whatever reason, where the Hirer is unable to provide or establish otherwise to the reasonable satisfaction of the Owner,( Uninsurable Events).In the event that an Uninsurable Event occurs, the Hirer acknowledges and agrees that it shall be liable for all Loss suffered by the Owner as a result of the Uninsurable Event.

  • If no mitigation/avoidance regime is agreed, then either party may issue a Termination Notice no earlier than 40 business days after the Uninsurable Event.

  • If the Transport Agency terminates the Base Agreement pursuant to clause 76 (Termination on Uninsurable Event) or clause 77 (Termination on Uninsurability) of the Base Agreement, the Transport Agency shall calculate the relevant Compensation Sum in accordance with paragraph 12 of this Part 4.

  • Damage to tyres.( Uninsurable Events).In the event that an Uninsurable Event occurs, the Hirer acknowledges and agrees that it shall be liable for all Loss suffered by the Owner as a result of the Uninsurable Event.

  • If the Contractor’s and Builder’s obligations under the project agreements are materially affected because of the Uninsurable Event, the parties are both obliged to use their reasonable endeavours to avoid or mitigate the effect of the Contractor’s/ Builder’s inability to perform the affected obligations.

  • The Hutcheson Medical Center currentlydesignated area OPO is Tennessee Donor Services (TNDS), 1714 Hayes Street, Nashville, TN 37203.

  • More directly, they also facilitate the formation of spin-off companies to commercialise technologies arising from academic laboratories; patent and license inventions; and cooperate with industry in various R&D activities (Perkmann & Walsh, 2007; Geiger and Sá, 2009).

  • If the parties cannot agree, the Project Agreement provides for termination in recognition that an Uninsurable Event could seriously disrupt the project.

Related to Uninsurable Event

  • Uninsured motor vehicle" means a land motor vehicle or trailer of any type:

  • Taxable Event means any change in control or other event which triggers the imposition of any Excise Tax on any Payment.

  • Chargeable Event means, in relation to the Awards:

  • Reportable Event means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived.

  • Uninsured Cause Any cause of damage to a Mortgaged Property such that the complete restoration of such property is not fully reimbursable by the hazard insurance policies required to be maintained pursuant to Section 3.14.

  • Environmental Loss means any loss, cost, damage, liability, deficiency, fine, penalty or expense (including, without limitation, reasonable attorneys' fees, engineering and other professional or expert fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily incurred) and damages to, loss of the use of or decrease in value of the Equipment arising out of or related to any Adverse Environmental Condition.

  • Indemnifiable Event means any event or occurrence related to Indemnitee’s service for the Company or any Subsidiary or Affiliate as an Indemnifiable Person (as defined below), or by reason of anything done or not done, or any act or omission, by Indemnitee in any such capacity.

  • Insured Event shall have the meaning given such term in Section 12.4.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $4,725,230, in each case reduced by Special Hazard Losses allocated to the Certificates since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $4,725,230, as reduced by the Special Hazard Losses allocated to the Certificates since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.

  • Environmental Event shall have the meaning set forth in Section 12.2.1.

  • Material Loss means an uninsured:

  • Controlled Group Liability means any and all liabilities (i) under Title IV of ERISA, (ii) under Section 302 of ERISA, (iii) under Sections 412 and 4971 of the Code, and (iv) as a result of a failure to comply with the continuation coverage requirements of Section 601 et seq. of ERISA and Section 4980B of the Code.

  • Foreign Plan Event means, with respect to any Foreign Plan or Foreign Benefit Arrangement, (i) the failure to make or, if applicable, accrue in accordance with normal accounting practices, any employer or employee contributions required by applicable law or by the terms of such Foreign Plan or Foreign Benefit Arrangement; (ii) the failure to register or loss of good standing (if applicable) with applicable regulatory authorities of any such Foreign Plan or Foreign Benefit Arrangement required to be registered; or (iii) the failure of any Foreign Plan or Foreign Benefit Arrangement to comply with any provisions of applicable law and regulations or with the terms of such Foreign Plan or Foreign Benefit Arrangement.

  • Company ERISA Affiliate means all employers (whether or not incorporated) that would be treated together with the Company or any of its Subsidiaries as a “single employer” within the meaning of Section 414 of the Code.

  • Covered Environmental Losses means all environmental losses, damages, liabilities, claims, demands, causes of action, judgments, settlements, fines, penalties, costs and expenses (including, without limitation, costs and expenses of any Environmental Activity, court costs and reasonable attorney’s and experts’ fees) of any and every kind or character, by reason of or arising out of:

  • Environmental Activity means any use, storage, holding, existence, Release, emission, discharge, generation, processing, abatement, removal, disposition, handling or transportation of any Hazardous Substance.

  • Single event permit means a permit issued in accordance with Chapter 9, Part 3, Single Event Permit.

  • Foreign Benefit Event means (a) with respect to any Foreign Pension Plan, (i) the existence of unfunded liabilities in excess of the amount permitted under any applicable law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, (ii) the failure to make the required contributions or payments, under any applicable law, on or before the due date for such contributions or payments, (iii) the receipt of a notice by a Governmental Authority relating to the intention to terminate any such Foreign Pension Plan or to appoint a trustee to administer any such Foreign Pension Plan, or to the insolvency of any such Foreign Pension Plan and (iv) the incurrence of any liability of the Borrowers under applicable law on account of the complete or partial termination of such Foreign Pension Plan or the complete or partial withdrawal of any participating employer therein and (b) with respect to any Foreign Plan, (i) the occurrence of any transaction that is prohibited under any applicable law and could result in the incurrence of any liability by the Borrowers, or the imposition on the Borrowers of any fine, excise tax or penalty resulting from any noncompliance with any applicable law and (ii) any other event or condition that could reasonably be expected to result in liability of any of the Borrowers.

  • Material Environmental Liabilities means Environmental Liabilities exceeding $500,000 in the aggregate.

  • Imminent danger means a condition or practice in a place of employment that could reasonably be expected to cause death or serious physical harm immediately or before the danger can be eliminated through the procedures set forth in rule 875—8.6(88).

  • Imminent health hazard means a significant threat or danger to health that is considered to exist when there is evidence sufficient to show that a product, practice, circumstance, or event creates a situation that requires immediate correction or cessation of operation to prevent injury based on the number of potential injuries and the nature, severity, and duration of the anticipated injury or illness.

  • Adverse reaction means an unexpected outcome that threatens the health or safety of a patient as a result of a medical service, nursing service, or health-related service provided to the patient.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.