Define: Seismic event

How is Seismic event defined in a legal contract?

• Seismic event means more than one earthquake that take place within a 360-hour [period]. The seismic event begins with the initial earthquake, and all succeeding earthquakes or aftershocks that occur within the immediate 360 hours following the initial earthquake are considered part of the same seismic event for the purpose of this [policy]. Seen in 6 SEC filings
• Seismic event means a transient earth motion that is caused by a sudden release of potential or stored strain energy in the rock. Seen in 2 SEC filings
• Seismic event means an earthquake includes snowslide, landslide, or other earth movements happening concurrently with and directly resulting from an earthquake shock, but does not include [Flood]. More than one earthquake shock occurring within any 168 hours shall be deemed a single earthquake. Seen in 2 SEC filings
• Seismic event means the trembling or shaking movement of the earth’s surface that produces ground motions at [the premises], which exceed the design requirements and directly impact and causes damage to the permanent works of the Project. Seen in 1 SEC filing

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Seismic event means a series of earthquakes within a specific [period], counting from the first quake.

Relevant Contract Type

• Construction Contract
• Insurance Policy
• Real Estate Lease

Relevant Circumstances

• Construction in earthquake-prone regions
• Insurance assessment of earthquake damage
• Lease agreements in regions with seismic activity

Relevant Sectors

• Construction
• Insurance
• Real Estate

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Genie Definition 2

• Seismic event means any earth motion caused by sudden energy release.

Relevant Contract Type

• Mining Contract

Relevant Circumstances

• Mining in regions with seismic activity

Relevant Sectors

• Mining

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Genie Definition 3

• Seismic event means an earthquake causing concurrent ground movements excluding [Floods].

Relevant Contract Type

• Insurance Policy

Relevant Circumstances

• Insurance assessment of earthquake and flood damage

Relevant Sectors

• Insurance

Genie Definition 4

• Seismic event means earth movements beyond designed tolerances causing damage to permanent structures.

Relevant Contract Type

• Construction Contract
• Real Estate Lease

Relevant Circumstances

• Construction in earthquake-prone regions
• Lease agreements in regions with seismic activity

Relevant Sectors

• Construction
• Real Estate

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