Uninsurable Risk definition

Uninsurable Risk has the meaning set out in Section 6.15 (Consequences of Risks Becoming Uninsurable);

Uninsurable Risk means a risk falling within the definition of Insured Risks in respect of which insurance is not available in the London insurance market or is only available on terms which the Landlord reasonably determines are unacceptable or only partly acceptable, but a risk does not become an Uninsurable Risk by reason only if:

Uninsurable Risk in respect of a MIM Project, has the meaning given to it in the relevant Project Agreement;

Examples of Uninsurable Risk in a sentence

• When there is an Uninsurable Risk for which Project Co or the Authority, as applicable is responsible to obtain insurance under Schedule 5 [Insurance Requirements] Project Co or the Authority, as applicable, will approach the insurance market on a regular basis and in any event at regular intervals of no longer than six months to establish whether the Uninsurable Risks remain Uninsurable.

• When there is an Uninsurable Risk for which Project Co is responsible to obtain insurance under Schedule 5 [Insurance Requirements] Project Co will approach the insurance market on a regular basis and in any event at regular intervals of no longer than six months to establish whether the Uninsurable Risks remain Uninsurable.

• The Section Developer must make ongoing best efforts to ascertain whether an Uninsurable Risk has become insurable and if so, to obtain the relevant insurance as soon as reasonably practicable.

• When there is an Uninsurable Risk for which Project Co or the Authority, as applicable, is responsible to obtain insurance under Schedule 5 [Insurance Requirements] Project Co or the Authority, as applicable, will approach the insurance market on a regular basis and in any event at regular intervals of no longer than six months to establish whether the Uninsurable Risks remain Uninsurable.

• Project Co shall notify the Trust of any risk becoming an Uninsurable Risk within 5 Business Days of becoming aware of the same and, in any event, at least 30 Business Days before the expiry of any existing insurance in respect of such risk.

More Definitions of Uninsurable Risk

Uninsurable Risk means a risk for which:

Uninsurable Risk means Day 1 Uninsurable Risks and any other risk that is required to be insured in accordance with this Agreement and for which insurance is available at Contractual Close but:

Uninsurable Risk means a risk that is required to be insured under this Agreement and is insurable at the Signature Date but during the Operation Period:

Uninsurable Risk has the meaning given in Section 8.1 of Schedule 25 – Insurance and Performance Security Requirements to the Project Agreement.

Uninsurable Risk has the meaning set out in Section 6.15 [Consequences of Risks Becoming Uninsurable] of this Agreement;

Uninsurable Risk has the meaning ascribed to it in Schedule I (Insurance);

Uninsurable Risk in respect of a DBFM Project, has the meaning given to it in the relevant Project Agreement