Uninsurable Risk definition

Uninsurable Risk has the meaning set out in Section 6.15 (Consequences of Risks Becoming Uninsurable);
Uninsurable Risk in respect of a MIM Project, has the meaning given to it in the relevant Project Agreement;
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:

Examples of Uninsurable Risk in a sentence

  • When there is an Uninsurable Risk for which Project Co or the Owner, as applicable is responsible to obtain insurance under Schedule 5 [Insurance Requirements] Project Co or the Owner, 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.


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 in respect of which either:
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 means a risk that is required to be insured in accordance with this Agreement and for which insurance is available at the Date of this Agreement but:
Uninsurable Risk has the meaning ascribed to it in Schedule I (Insurance);