Uninsurable Risks definition

Uninsurable Risks means:-
Uninsurable Risks means a risk usually covered by insurances in each case required under the Project Agreement becomes Uninsurable (as defined in the Project Agreement) leading to termination of the Project Agreement pursuant to clause 61 (Risks that become Uninsurable) of the Project Agreement.
Uninsurable Risks means Compensable Damages for risks that, in the Minister’s opinion, would not be assumed by an Approved Insurer, and includes, if applicable, those Compensable Damages that exceed the Operator’s Liability as a result of a regulation made under paragraph 24(2)(b) of the Act.

Examples of Uninsurable Risks 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.

  • 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 or the Authority, as applicable, is responsible to obtain insurance under Schedule 5 [Insurance], 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.

  • Uninsurable Risks Nothing in Clause 35 or this Clause 36 shall oblige the Contractor to take out insurance in respect of a risk which is Uninsurable save where the predominant cause of the risk being Uninsurable is an acts(s) or omission(s) of the Contractor or a Contractor Related Party.

  • Additionally, treatments you received and their pain, whereas Uninsurable Risks are generally related to the scope of risks against which coverage may be taken out.

  • Any such notice referred to in the preceding sentence shall not be deemed effective until such notice has been received by Senior Lender.

  • When there is an Uninsurable Risk the Concessionaire shall in good faith approach the insurance market on a regular basis and in any event at regular intervals of no longer than four months to establish whether the Uninsurable Risks remain Uninsurable, and shall keep the Province’s Representative reasonably informed of all such efforts.

  • Subject to Clause 63 (Uninsurable Risks), insurance for malicious damage will be maintained in terms of Clause 61 (Insurance) by the Contractor with a maximum deductible/excess of £5000 Indexed per relevant insured event, or such other deductible/excess as a prudent operator can from time to time obtain and would ordinarily accept from the commercial insurance market in circumstances where it was responsible for meeting the cost of the deductible/excess.

  • 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.


More Definitions of Uninsurable Risks

Uninsurable Risks means (1) wear and tear or depreciation; (2) rot, fungus, woodworm, beetle, moth, insects or vermin; (3) mechanical or electrical fault or breakdown; (4) any process of cleaning, dyeing, renovation, re-styling, repairing or restoring; (5) any other gradually operating cause.

Related to Uninsurable Risks

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;