Common use of EXTRA EXPENSES Clause in Contracts

EXTRA EXPENSES. Extra expenses shall cover reasonable and necessary excess costs incurred during the period of repair of the damaged property and include equipment rental, emergency expenses, and other expenses necessarily incurred to reduce loss. Extra Expenses would not include additional interest or debt service expense, business interruption, loss of earnings/income, or other delay in completion.

EXTRA EXPENSES. Extra expenses shall cover reasonable and necessary excess costs incurred during the period of repair of the damaged property and include equipment rental, emergency expenses, and other expenses necessarily incurred to reduce loss. Unless Owner requires it Extra Expenses would not include additional interest or debt service expense, business interruption, loss of earnings/income, or other delay in completion.