Common use of MEASURE OF RECOVERY Clause in Contracts

MEASURE OF RECOVERY. This insurance, subject to the limit of the amounts of insurance as stated in the “Declarations Page”, is limited to loss of Gross Profit due to (a) Reduction in Turnover and (b) Increase in Cost of Working and the amount payable shall be: (a) In respect of Reduction in Turnover: The sum produced by applying the Rate of Gross Profit to the amount by which the Turnover during the Indemnity Period shall, in consequence of the destruction or damage by a “breakdown” insured against, fall short of the Standard Turnover; (b) In respect of Increase in Cost of Working: The additional expenditure (subject to clause 5.b.) necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the reduction in Turnover which but for that expenditure would have taken place during the Indemnity Period in consequence of the destruction or damage by a “breakdown” insured against, but not exceeding the sum produced by applying the Rate of Gross Profit to the amount of the reduction thereby avoided; less any sum saved during the Indemnity Period in respect of such of the Insured Standing Charges as may cease or be reduced in consequence of the destruction or damage by the “breakdown” insured against; provided that if the Amount of Insurance be less than the sum produced by applying the Rate of Gross Profit to the Annual Turnover, the amount payable shall be proportionately reduced.

MEASURE OF RECOVERY. This insurance, subject to the limit of the amounts of insurance as stated in the “Declarations Page”Declarations, is limited to loss of Gross Profit due to (a) Reduction in Turnover and (b) Increase in Cost of Working and the amount payable shall be: (a) In respect of Reduction in Turnover: The sum produced by applying the Rate of Gross Profit to the amount by which the Turnover during the Indemnity Period shall, in consequence of the destruction or damage by a “breakdown” peril insured against, fall short of the Standard Turnover; (b) In respect of Increase in Cost of Working: The additional expenditure (subject to clause 5.b.) necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the reduction in Turnover which but for that expenditure would have taken place during the Indemnity Period in consequence of the destruction or damage by a “breakdown” peril insured against, but not exceeding the sum produced by applying the Rate of Gross Profit to the amount of the reduction thereby avoided; less any sum saved during the Indemnity Period in respect of such of the Insured Standing Charges as may cease or be reduced in consequence of the destruction or damage by the “breakdown” perils insured against; provided that if the Amount of Insurance be less than the sum produced by applying the Rate of Gross Profit to the Annual Turnover, the amount payable shall be proportionately reduced.

MEASURE OF RECOVERY. This insurance, subject to the limit of the amounts of The insurance as stated in the “Declarations Page”, under this Form is limited to loss the Actual Loss Sustained of Gross Profit “gross profit” due to (a) Reduction in Turnover and (b) Increase in Cost of Working and the amount payable shall be: (a) In respect of Reduction in Turnover: The sum produced by applying the Rate “rate of Gross Profit gross profit” to the amount by which the Turnover “turnover” during the Indemnity Period “indemnity period” shall, in consequence of the destruction or damage by a “breakdown” peril insured against, fall short of the Standard Turnover“standard turnover”; (b) In respect of Increase in Cost of Working: The additional expenditure (subject to clause 5.b.Special Provisions Clause (b)) necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the reduction in Turnover “turnover” which but for that expenditure would have taken place during the Indemnity Period “indemnity period” shall, in consequence of the destruction or damage by a “breakdown” peril insured against, but not exceeding the sum produced by applying the Rate “rate of Gross Profit gross profit” to the amount of the reduction thereby avoided; less any sum saved during the Indemnity Period “indemnity period” in respect of such of the Insured Standing Charges “insured standing charges” as may cease or be reduced in consequence of the destruction or damage by the “breakdown” perils insured against; provided that if the Amount of Insurance be less than the sum produced by applying the Rate of Gross Profit to the Annual Turnover, the amount payable shall be proportionately reduced.;

MEASURE OF RECOVERY. This insurance, subject to the limit of the amounts of insurance as stated in on the “Declarations Policy Cover Page”, is limited to loss of Gross Profit “gross profit” due to (a) Reduction in Turnover and (b) Increase in Cost of Working and the amount payable shall be: (a) In respect Respect of Reduction in Turnover: The sum produced by applying the Rate “rate of Gross Profit gross profit” to the amount by which the Turnover “turnover” during the Indemnity Period "indemnity period” shall, in consequence of the destruction or damage by a “breakdown” peril insured against, fall short of the Standard Turnover“standard turnover”; (b) In respect Respect of Increase in Cost of Working: The additional expenditure (subject to clause 5.b.Provisions Clause (b)) necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the reduction in Turnover “turnover” which but for that expenditure would have taken place during the Indemnity Period “indemnity period” in consequence of the destruction or damage by a “breakdown” peril insured against, but not exceeding the sum produced by applying the Rate “rate of Gross Profit gross profit” to the amount of the reduction thereby avoided; less any sum saved during the Indemnity Period “indemnity period” in respect of such of the Insured Standing Charges "insured standing charges” as may cease or be reduced in consequence of the destruction or damage by the “breakdown” perils insured against; provided that if the Amount amount of Insurance insurance be less than the sum produced by applying the Rate "rate of Gross Profit gross profit” to the Annual Turnover"annual turnover”, the amount payable shall be proportionately reduced.

MEASURE OF RECOVERY. This insurance, subject to the limit of the amounts of insurance as stated in the “Declarations Page”Declarations, is limited to loss of Gross Profit "gross profits" due to (a1) Reduction in Turnover and (b2) Increase in Cost of Working and the amount payable shall be: (a) 1. In respect Respect of Reduction in Turnover: The sum produced by applying the Rate "rate of Gross Profit gross profit" to the amount by which the Turnover "turnover" during the Indemnity Period "indemnity period" shall, in consequence of the destruction or damage by a “breakdown” peril insured against, fall short of the Standard Turnover"standard turnover"; (b) 2. In respect Respect of Increase in Cost of Working: The additional expenditure (subject to clause 5.b.Provisions Clause (2) necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the reduction in Turnover "turnover" which but for that expenditure would have taken place during the Indemnity Period "indemnity period" in consequence of the destruction or damage by a “breakdown” peril insured against, but not exceeding the sum produced by applying the Rate "rate of Gross Profit gross profit" to the amount of the reduction thereby avoided; less any sum saved during the Indemnity Period "indemnity period" in respect of such of the Insured Standing Charges "insured standing charges" as may cease or be reduced in consequence of the destruction or damage by the “breakdown” perils insured against; provided that if the Amount amount of Insurance insurance be less than the sum produced by applying the Rate "rate of Gross Profit gross profit" to the Annual Turnover"annual turnover", the amount payable shall be proportionately reduced.

MEASURE OF RECOVERY. This insurance, subject to the limit of the amounts of insurance as stated in the “Declarations Page”, is limited to the Actual Loss Sustained, calculated as loss of “Gross Profit Profit” due to (‘a) ’ Reduction in Turnover and (‘b) ’ Increase in Cost of Working and the amount payable shall be: (a) : a In respect Respect of Reduction in Turnover: The sum produced by applying the “Rate of Gross Profit Profit” to the amount by which the Turnover “Turnover” during the “Indemnity Period Period” shall, in consequence of the destruction or damage by a “breakdown” peril insured against, fall short of the “Standard Turnover; (b) ”; b In respect Respect of Increase in Cost of Working: The additional expenditure (subject to clause 5.b.) necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the reduction in Turnover “Turnover” which but for that expenditure would have taken place during the “Indemnity Period Period” in consequence of the destruction or damage by a “breakdown” peril insured against, but not exceeding the sum produced by applying the “Rate of Gross Profit Profit” to the amount of the reduction thereby avoided; , less any sum saved during the “Indemnity Period Period” in respect of such of the “Insured Standing Charges Charges” as may cease or be reduced in consequence of the destruction or damage by the “breakdown” perils insured against; provided that if the Amount of Insurance be less than the sum produced by applying the Rate of Gross Profit to the Annual Turnover, the amount payable shall be proportionately reduced.

MEASURE OF RECOVERY. This insurance, subject to the limit of the amounts of insurance as stated in the “Declarations Page”Declarations, is limited to loss of Gross Profit “gross profit” due to (a) Reduction in Turnover and (b) Increase in Cost of Working and the amount payable shall be: (a) In respect of Reduction in Turnover: The sum produced by applying the Rate “rate of Gross Profit gross profit” to the amount by which the Turnover “turnover” during the Indemnity Period “indemnity period” shall, in consequence of the destruction or damage by a “breakdown” peril insured against, fall short of the Standard Turnover“standard turnover”; (b) In respect of Increase in Cost of Working: The additional expenditure (subject to clause 5.b.Provisions Clause (b) necessarily and reasonably reasonable incurred for the sole purpose of avoiding or diminishing the reduction in Turnover “turnover” which but for that expenditure would have taken place during the Indemnity Period “indemnity period” in consequence of the destruction or damage by a “breakdown” peril insured against, but not exceeding the sum produced by applying the Rate “rate of Gross Profit gross profit” to the amount of the reduction thereby avoided; less Less any sum saved during the Indemnity Period “indemnity period” in respect of such of the Insured Standing Charges “insured standing charges” as may cease or be reduced in consequence of the destruction or damage by the “breakdown” perils insured against; provided Provided that if the Amount amount of Insurance insurance be less than the sum produced by applying the Rate “rate of Gross Profit gross profit” to the Annual Turnover“annual turnover”, the amount payable shall be proportionately reduced.