Uninsured Risk. 29 means any risk expressly specified in the Insured Risks definition that: is not insured against because, at the time the insurance is taken out or renewed, insurance is not generally available in the UK market on normal commercial terms; or is not, at the date of the damage or destruction, insured against by reason of a limitation or exclusion imposed by the insurers but will not include loss or damage (or the risk of it) caused by reason of the Tenant's act or failure to act;
Uninsured Risk means an Insured Risk against which insurance is not or ceases to be obtainable for such risk on normal commercial terms in the London insurance market at reasonable commercial rates generally available in the London insurance market for a property of this type, size and location; and
Uninsured Risk means an Insured Risk against which insurance is from time to time unobtainable on normal commercial terms in the London insurance market at reasonable commercial rates for a property equivalent in size, layout, type and location.
Examples of Uninsured Risk in a sentence
If there is destruction or damage to the Centre by an Uninsured Risk that leaves the whole or substantially the whole of the Premises unfit for occupation and use or inaccessible and the Landlord notifies the Tenant within 12 months afterwards that the Landlord wishes to reinstate, paragraphs 2.3 and 2.4 will then apply as if the damage or destruction had been caused by an Insured Risk.
The Tenant must notify the Landlord as soon as practicable after it becomes aware of any damage to or destruction of the Premises by any of the Insured Risks or by an Uninsured Risk.
Costs arising from any damage or destruction to the Centre caused by an Insured Risk or an Uninsured Risk.
More Definitions of Uninsured Risk
Uninsured Risk means any Insured Risk in respect of which the Landlord does not insure (or in respect of which there is a partial exclusion to the extent that the partial exclusion applies) because at any time during the term insurance is not available in the London insurance market on reasonable terms.
Uninsured Risk means any risk, or some aspect of any risk, which would be covered by the risks itemised in the definition of “Insured Risks” but which:
Uninsured Risk has the meaning given to it in clause 6.2; "Uninsured Risk Notice" has the meaning given to it in clause 7.1;
Uninsured Risk means an Insured Risk against which insurance is not or ceases to be obtainable for such risks on normal commercial terms in the London insurance market at reasonable commercial rates generally available in the London insurance market for a property of the type, size and location as the Building or an Insured Risk not covered by any policy of insurance maintained by the Landlord under this Lease.
Uninsured Risk means any risks, or some aspect of any of them, which would be covered by the risks specifically identified in the definition of “Insured Risks” but which are excluded from being covered for the time being by reason of unavailability or withdrawal of cover by the Landlord on the grounds that cover cannot be placed on the London Insurance Market with a reputable insurer at reasonably commercial rates and on reasonably commercial conditions or because insurance cover is not available at all.
Uninsured Risk means subject as mentioned in the proviso hereto any one or more of the Insured Risks where loss or damage caused in whole or in part by the same is not the subject of insurance cover by the Landlord (because insurance against such Insured Risk or Insured Risks or against particular events giving rise to a claim thereunder is not then ordinarily available from a reputable insurer for the Development on normal and reasonable commercial terms) provided always that “Uninsured Risk” shall not include (unless in fact insured by the Landlord) loss or damage caused by reason of the act, default or omission of the Tenant their sub-tenants and/or their respective licensees and contractors or others for whom the Tenant is responsible in law;
Uninsured Risk any risk expressly specified in the definition of Insured Risks that: