Common use of Delay in Completion Clause in Contracts

Delay in Completion. Policy shall cover business income and extra expense (loss of rental income and/or gross earnings including concession and/or merchandise revenue; soft costs such as legal/accounting fees, design professional fees, insurance premiums for extending or renewing coverage, general overhead, etc.) in the event direct physical loss or damage to the covered project results in delay. Limit of University’s coverage under the Policy shall be $## ##. Coverage must be expressly

Delay in Completion. Policy shall cover business income and extra expense (loss of rental income and/or gross earnings including concession and/or merchandise revenue; soft costs such as legal/accounting fees, design professional fees, insurance premiums for extending or renewing coverage, general overhead, etc.) in the event direct physical loss or damage to the covered project results in delay. Limit of UniversityOwner’s coverage under the Policy shall be $## ##$ . Coverage must be expresslyexpressly stated on the Evidence of Property Insurance form.

Delay in Completion. Policy shall cover business income and extra expense (loss of rental income and/or gross earnings including concession and/or merchandise revenue; soft costs such as legal/accounting fees, design professional fees, insurance premiums for extending or renewing coverage, general overhead, etc.) in the event direct physical loss or damage to the covered project results in delay. Limit of University’s coverage under the Policy shall be $## ##. Coverage must be expressly.