Donations and funded raising proceeds Sample Clauses

Donations and funded raising proceeds a. If a regularly scheduled fundraising drive for the sole benefit of “You” occurs during the period of interruption of operations, the revenue produced by such drive shall be considered as follows in determining the amount of loss: (1) If the drive fails to produce an amount at least equal to the same drive in the most recent prior solicitation, the shortage, to the extent that it can be attributed to the interruption of “Your” operations, shall be considered as loss of income; (2) If the drive produces an amount equal to the same drive in the most recent prior solicitation, there shall be considered no loss of income from this source of revenue; (3) If the drive produces an amount larger than the drive in the most recent prior solicitation, the excess shall be applied to reduce the loss from other sources of revenue; (4) If the drive is cancelled or postponed, such loss of revenue shall not be considered as loss of income. b. The following shall be disregarded in determining the amount of loss: (1) Donations and contributions which are a direct result of the interruption of “Your” Operations and are received by “You” during the period of interruption. (2) Proceeds for fund raising drives or solicitations which are for the sole benefit of “You” and occur as a result of interruption of “Your” operations.
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