Common use of MEASURE OF RECOVERY Clause in Contracts

MEASURE OF RECOVERY. The measure of recovery in the event of loss hereunder shall be the reduction in Gross Earnings directly resulting from such interruption of business less charges and expenses which do not necessarily continue during the interruption of business, for not exceeding s uch length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the described property as has been destroyed or damaged, commencing with the date of such destruction or damage and not limited by the date of expiration of this policy, but not exceeding the actual loss sustained by the Insured resulting from such interruption of business. Due consideration shall be given to the continuation of normal charges and expenses, including payroll, to the extent necessary to resume operations of the Insured with the same quality of service which existed immediately preceding the destruction or damage by the “breakdown” insured against.

Appears in 1 contract

Samples: Gross Earnings Form

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MEASURE OF RECOVERY. The measure of recovery in the event of loss hereunder shall be the reduction in Gross Earnings “gross earnings” directly resulting from such interruption of business less charges and expenses which do not necessarily continue during the interruption of business, for not exceeding s uch such length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the described contributing property as has been destroyed or damaged, damaged commencing with the date of such destruction or damage and not limited by the date of expiration of this policyPolicy, but not exceeding the actual loss sustained by the Insured resulting from such interruption of business. Due consideration shall be given to the continuation of normal “normal” charges and expenses, including payroll, payroll to the extent necessary to resume operations of the Insured with the same quality of service which existed immediately preceding the destruction or damage by the “breakdown” perils insured against.

Appears in 1 contract

Samples: Contingent Business Interruption Insurance

MEASURE OF RECOVERY. The measure of recovery in the event of loss hereunder shall be the reduction in Gross Earnings “gross earnings” directly resulting from such interruption of business less charges and expenses which do not necessarily continue during the interruption of business, for not exceeding s uch such length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the described recipient property as has been destroyed or damaged, damaged commencing with the date of such destruction or damage and not limited by the date of expiration of this policyPolicy, but not exceeding the actual loss sustained by the Insured resulting from such interruption of business. Due consideration shall be given to the continuation of normal “normal” charges and expenses, including payroll, payroll to the extent necessary to resume operations of the Insured with the same quality of service which existed immediately preceding the destruction or damage by the “breakdown” perils insured against.

Appears in 1 contract

Samples: Contingent Business Interruption Insurance Gross Earnings Endorsement

MEASURE OF RECOVERY. The measure of recovery in the event of loss hereunder shall be the reduction in Gross Earnings directly resulting from such interruption of business less charges and expenses which do not necessarily continue during the interruption of business, for not exceeding s uch such length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the property described property in the Certificate of Insurance as has been destroyed or damaged, commencing with the date of such destruction or damage and not limited by the date of expiration of this policy, but not exceeding the actual loss sustained by the Insured resulting from such interruption of business. Due consideration shall be given to the continuation of normal charges and expenses, including payroll, to the extent necessary to resume operations of the Insured with the same quality of service which existed immediately preceding the destruction or damage by the “breakdown” perils insured against.

Appears in 1 contract

Samples: Insurance Agreement

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MEASURE OF RECOVERY. The measure of recovery in the event of loss hereunder shall be the reduction in Gross Earnings “gross earnings” directly resulting from such interruption of business less charges and expenses which do not necessarily continue during the interruption of business, for not exceeding s uch such length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the described property as has been destroyed or damaged, damaged commencing with the date of such destruction or damage and not limited by the date of expiration of this policyPolicy, but not exceeding the actual loss sustained by the Insured resulting from such interruption of business. Due consideration shall be given to the continuation of normal “Normal” charges and expenses, including payroll, payroll to the extent necessary to resume operations of the Insured with the same quality of service which existed immediately preceding the destruction or damage by the “breakdown” perils insured against.

Appears in 1 contract

Samples: Indemnity Agreement

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