Departmental clause. If the business is conducted in departments or branches, the independent trading results of which are ascertainable, the provisions under Items 1 (gross profit) or 2 (revenue) relating to reduction in turnover/ revenue and increase in cost of working, shall apply separately to each department or branch affected by the Damage except that if the sum covered by the relative item is less than the aggregate of the (annual revenue) (sums produced by applying the rate of gross profit) for each department or branch, whether or not affected by the Damage (to the relative annual turnover thereof) (proportionately increased if the number of months referred to in the definition of indemnity period exceeds twelve), the amount payable shall be proportionately reduced. Deposit Contribution clause In consideration of the contribution by Items 1 or 2 being provisional in that it is calculated on 75 percent of the sum covered, the contribution is subject to adjustment on expiry of each period of cover as follows: In the event of the gross profit/revenue earned (proportionately increased if the number of months referred to in the definitions of indemnity period exceeds twelve) during the financial year most nearly concurrent with any period of cover being less or greater than 75 percent of the sum covered thereon, a pro rata return or additional contribution not exceeding 331/3 percent of the provisional contribution paid for such period of cover will be made in respect of the difference. In the event of a claim being made under this section, the amount paid or payable thereon shall be regarded as actually earned. Output (alternative basis) clause At the option of the Participant the term output may be substituted for the term turnover and for the purpose of this section output shall mean the sale or transfer value, as shown in the Participant’s books, of goods manufactured or processed by the Participant at the premises provided that
Departmental clause. If the business be conducted in Departments, the independent trading results of which are ascertainable, Option 3., Section 1.
Departmental clause. If the Insured’s business is conducted in departments the provisions of the Gross Profit Basis of Settlement shall apply separately to each department affected by the damage, provided that the trading results of each department are independent and separately ascertainable.
Departmental clause. If the Business be conducted in departments the independent trading results of which are ascertainable the provisions of Clauses (a) and (b) of Item No. 1 — of Basis of Settlement (Section 2) — may at the option of the Insured apply separately to each department affected by the Damage. Provided that the trading results of all business units within the one Operating Group that are affected by the Damage shall be taken into account for the purpose of adjusting a claim. Where, for the purpose of avoiding or diminishing a reduction in Turnover or Gross Earnings, goods or services are purchased from a party also insured under this Policy, the reasonable full price of such goods or services shall be taken into account for the purpose of adjusting a claim as though the goods or services were purchased from a party not also insured by this Policy. Deterioration of Undamaged Stock This Section is extended to cover loss directly resulting from interruption to or interference with the Business carried on by the Insured at the Premises occasioned by the deterioration of otherwise undamaged stock caused by inability to process or complete any process in consequence of Damage to property used by the Insured at the Premises. Such loss for the purpose of this Policy being deemed to be loss resulting from Damage.
Departmental clause. If the Business be conducted in departments and/or branches, the independent trading results of which are ascertainable, the provisions of Gross Profit, Gross Rentals, Gross Revenue or Standing Charges (as set out under “Basis of Loss Settlement”) shall apply separately to each department and/ or branch affected by Damage, except that if the sum covered by the relative item is less than the aggregate of the (annual gross rentals), (annual revenue), (sums produced by applying the rate of gross profit) for each department or branch, whether or not affected by the Damage, (to the relative annual turnover thereof), (proportionately increased if the number of months referred to in the definition of Indemnity Period exceeds twelve), the amount payable shall be proportionately reduced.
Departmental clause. If the business is conducted in departments or branches, the independent trading results of which are ascertainable, the provisions under Items 1 (gross profit) or 2 (revenue) relating to reduction in turnover/ revenue and increase in cost of working, shall apply separately to each department or branch affected by the damage except that if the sum covered by the relative item is less than the aggregate of the (annual revenue) (sums produced by applying the rate of gross profit) for each department or branch, whether or not affected by the damage (to the relative annual turnover thereof) (proportionately increased if the number of months referred to in the definition of indemnity period exceeds twelve), the amount payable shall be proportionately reduced. At the option of the participant the term output may be substituted for the term turnover and for the purpose of this section output shall mean the sale or transfer value, as shown in the participant’s books, of goods manufactured or processed by the participant at the premises provided that
