BUSINESS INTERRUPTION/EXTRA EXPENSE Sample Clauses
The Business Interruption/Extra Expense clause provides coverage for financial losses a business incurs when its operations are disrupted due to a covered event, such as property damage from fire or natural disasters. This clause typically reimburses lost income and additional expenses necessary to maintain operations, such as renting temporary premises or equipment. Its core function is to help businesses recover quickly from interruptions by mitigating the financial impact of unforeseen events that halt or impede normal business activities.
BUSINESS INTERRUPTION/EXTRA EXPENSE. The Borrower Consolidation shall maintain combined Business Interruption/Extra Expense coverage with a limit representing no less than one hundred percent (100%) of the projected annual net profit plus continuing expenses (including debt service) for the Casino Facilities. Such coverage shall also include extensions for off premises power losses and an extended period of indemnity of ninety (90) days endorsement. These coverages may have a deductible of no greater than twenty-four (24) hours, or Twenty-Five Thousand Dollars ($25,000.00), if a separate deductible applies.
BUSINESS INTERRUPTION/EXTRA EXPENSE. If the policy to which this Rider is attached insures against Business Interruption/Extra Expense, but not otherwise, this Rider also covers such Business Interruption/Extra Expense which results solely from a Breakdown or Electronic Circuitry Impairment of Insured Equipment subject to all the terms, provisions and conditions of the Business Interruption/Extra Expense coverages forming a part of this policy, and subject to the following additional provisions:
BUSINESS INTERRUPTION/EXTRA EXPENSE. If the policy to which this Form is attached insures against Business Interruption / Extra Expense, but not otherwise, this Form also covers such Business Interruption / Extra Expense which results solely from a “Breakdown” of Insured Equipment subject to all the terms, provisions and conditions of the Business Interruption / Extra Expense coverages forming a part of this policy, and subject to the following additional provisions:
BUSINESS INTERRUPTION/EXTRA EXPENSE. The Borrower Consolidation shall maintain with respect to each Restricted Subsidiary Venture which is a land based casino/gaming operation, maintain combined Business Interruption/Extra Expense coverage with a limit representing no less than seventy-five percent (75%) of the projected annual net profit plus continuing expenses (including debt service) for each such Restricted Subsidiary Venture. Such coverage shall include extensions for off premises power losses at Two Million Dollars ($2,000,000.00) and extended period of indemnity of one hundred twenty (120) days endorsement. These coverages may have deductible of no greater than forty-eight (48) hours, or One Hundred Thousand ($100,000.00), if a separate deductible applies. This coverage will be specifically endorsed to include Agent Bank as Loss Payee or collateral assignee.