Annual Rent Receivable definition
Annual Rent Receivable means the Rent Receivable during the twelve months immediately before the date of the Damage.*
Annual Rent Receivable means the Rent Receivable during the twelve months immediately before the date of the Damage to which such adjustments will be made as may be necessary to provide for the trend of Your Business and for variations in or other circumstances affecting Your Business either before or after the Damage or which would have affected Your Business had the Damage not occurred, so that the adjusted figures will represent as nearly as may be reasonably practicable the results which, but for the Damage, would have been obtained during the relative period after the Damage.
Annual Rent Receivable means the Rent Receivable during the twelve months immediately before the commencement of the Insured Event.
Examples of Annual Rent Receivable in a sentence
Provided that: if the Sum Insured by the item on Rent Receivable be less than the Annual Rent Receivable (or a proportionately increased multiple thereof where the Maximum Indemnity Period exceeds twelve months) the amount payable shall be proportionately reduced.
If the Sum Insured under this Item E (Loss of Rent Receivable) is less than the Annual Rent Receivable (or proportionate to a multiple thereof where the Maximum Indemnity Period exceeds 12 (twelve) months) the amount payable by the Insurers shall be proportionately reduced.
More Definitions of Annual Rent Receivable
Annual Rent Receivable means the