In Respect of Increase in Cost of Operations. The additional expenditure necessarily incurred for the sole purpose of avoiding or diminishing the reduction in revenue which but for that expenditure would have taken place during the “Indemnity Period” as a consequence of the “Damage”, but not exceeding the sum obtained by multiplying the amount of the reduction thereby avoided by the “Business Income Percentage”; less any sum saved during the “Indemnity Period” in respect of such of the charges and expenses of the “Business” payable out of “Business Income” as may cease or be reduced in consequence of the “Damage”.
Appears in 4 contracts
Samples: Extended Loss of Income Coverage, Extended Loss of Income Coverage, Extended Loss of Income Coverage
