Public Risk Sample Clauses

The Public Risk clause defines which party is responsible for losses or damages arising from public causes, such as natural disasters, civil unrest, or government actions, that are beyond the control of either party. Typically, this clause clarifies that neither party will be held liable for such unforeseen events, and may specify procedures for notification or suspension of obligations if such risks materialize. Its core function is to allocate risk for extraordinary public events, ensuring that neither party unfairly bears responsibility for circumstances outside their control.
Public Risk. The Customer must keep current at all times during the term of this Agreement (without in any way limiting the liability of the Customer under clauses 9.1 and 9.2), a policy of public risk insurance applicable to the Land and the Facilities for such amount as Transpower may from time to time reasonably require (being the amount which may be paid out arising out of any one single accident or event).
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Public Risk. 16.3.1 The Contractor must indemnify the Council against any liability incurred by the Council in respect of personal injury to, or death of, any person arising out of, or in the course of, the execution of the Contract Works if and to the extent that it is caused or contributed to by the Contractor or its employees or agents or any subcontractor or any person supplying work or services in and about the execution of the Contract Works.
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Public Risk. In respect of liability for loss, injury or damage of any kind to any Person or property (including without limitation to the persons or property of EC and its officers, employees, agents, other storage and transport customers, invitees and licensees) caused by or arising out of any act of or omission by the Customer or any Related Body Corporate of the Customer or any of their officers, employees, agents, other storage or transport customers, invitees and licensees in relation to the Goods in the sum of $20,000,000.00 (or such other amount as is stated in the Contract) in respect of any single accident or event, provided that EC may from time to time by written notice to the Customer require the amount of insurance to be increased to the amount EC considers reasonable in order to effect sufficient and proper cover (as determined by EC).
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Public Risk. The Lessee must: (a) effect and keep in force adequate public risk insurance in respect of the Premises for an amount required by the Lessor from time to time; and (b) ensure that the insurance covers the indemnities in clause 11.
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Public Risk. Insurance for a minimum of $10,000,000.00 for any one occurrence and unlimited in all
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Public Risk. The Licensee must maintain a public risk insurance policy applicable to the Licensed Area and the business carried on in the Licensed Area to an amount as advised by the Licensor to the Licensee from time to time.
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Public Risk. All Outside Works Staff shall, once identified, remove or temporarily ▇▇▇▇ any item of equipment, plant or machinery which they consider dangerous to the public or which may constitute a risk to the pubic or which may cause injury or loss of life to any person.
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Public Risk. The Customer shall insure against public risk relating to the Equipment for an indemnity (including damage to property of any person) of not less than $10,000,000 or such other amount as the Owner may from time to time reasonably require for any one accident or event.
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Related to Public Risk

  • Economic Risk The Purchaser realizes that the purchase of the ------------- Stock will be a highly speculative investment and involves a high degree of risk, and the Purchaser is able, without impairing financial condition, to hold the Stock for an indefinite period of time and to suffer a complete loss on the Purchaser's investment.

  • ECONOMIC RISK; SOPHISTICATION 19 Section 13. NONDISCLOSURE OF CONFIDENTIAL INFORMATION

  • Market Risk 1.15.1 Market risk, or systematic risk, stems from the economic, geographical, political, social or other factors of the relevant market, and is affected by variables that are related to the entire market. For example, if one invests in a financial product listed in Hong Kong, this investment will be subject to the systematic risk related to the entire Hong Kong market. When any event affects the systematic risk of the market, all financial products will be impacted either in the form of a rise or fall in the prices. This will apply whether investors hold one single financial product or a diversified portfolio of financial products in that market. As long as they keep their holdings, they cannot avoid being exposed to the systematic risk of the market. You should be aware that market risk cannot be eliminated, no matter how they diversify their holdings. You should seek professional advice as you think appropriate or necessary to manage (but not eliminate) market risk, and you should be careful about investing too much into a single market.

  • High Risk Activities 1. The Software is not fault-tolerant and is not designed, manufactured or intended for use or resale as on-line control equipment in hazardous environments requiring fail-safe performance, such as in the operation of nuclear facilities, aircraft navigation or communication systems, air traffic control, direct life support machines, or weapons systems, in which the failure of the Software could lead directly to death, personal injury, or severe physical or environmental damage ("High Risk Activities"). Syncro and its suppliers specifically disclaim any express or implied warranty of fitness for High Risk Activities.

  • Investment Risk Buyer understands that its investment in the securities constitutes high risk investment, its investment in the Securities involves a high degree of risk, including the risk of loss of the Buyer’s entire investment.