Business Interruption Costs definition

Business Interruption Costs means the sum of the following:
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Business Interruption Costs means where there is a loss of access to or use of an affected production unit or facility for a period in excess of five (5) days, the costs
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Business Interruption Costs means the total sum of Extra Expense and Business Income Loss. Business Interruption Costs does not include:
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Examples of Business Interruption Costs in a sentence

  • The Underwriters shall reimburse the Named Insured the actual Business Interruption Costs incurred by the Named Insured during the Period of Restoration due to a Network Attack commencing during the Policy Period and reported to the Underwriters in accordance with the terms of this Policy.

  • The Underwriters shall pay on behalf of the Insured, the Business Interruption Costs incurred by the Insured during the Period of Restoration due to a Network Attack, which first occurs during the Policy Period and is reported to the Underwriters in accordance with the terms of this Policy.This coverage is subject to a Sublimit of Liability as specified in Item 5 of the Schedule.

  • The Insurer shall reimburse an Insured for Business Interruption Costs incurred during the Period of Restoration due to a System Failure commencing during the Policy Period and reported to the Insurer in accordance with the terms of this Policy.

  • This literature review has identified a broad range of direct and indirect economic costs associated with severe earthquake events and established that, while other costs are important, the Business Interruption Costs and Casualty Costs in the direct economic cost category constitute significant components of the total economic costs from earthquakes.

  • For purposes of this provision, Claims includes Business Interruption Costs incurred by Seller as a result of the revocation or suspension of any permit held by Seller, or the denial of any permit or permit renewal to Seller, where Buyer's violation is the substantial and proximate cause of such permit revocation, suspension or denial.

  • Seller agrees to indemnify, defend, save and hold harmless Buyer Indemnitees from and against any Claims (including Business Interruption Costs) arising out of the alleged violation of any applicable Environmental Law associated with the operation by Seller of its businesses on the Retained Premises or associated with any other use or activities conducted by Seller on the Retained Premises, - 115 - 125 including the Access Easement Areas.

  • The Insurer shall reimburse an Insured for Business Interruption Costs incurred during the Period of Restoration due to a Third Party System Disruption commencing during the Policy Period and reported to the Insurer in accordance with the terms of this Policy.

  • Business Interruption Costs Sublimit (part of, and not in addition to, the Policy Limit): $10,000 Hourly Sublimit $100,000 in the aggregate for the Policy Period «Bound_Retroactive_Date» Specimen Business Interruption Costs under paragraph III.

  • Business Interruption Loss and Business Interruption Costs & Expenses (…) and any amounts payable under Extensions that arise from, are attributable to or are in connection with a single occurrence, except in respect of Cyber Events, Earthquakes, Floods, Storms and riots, civil commotion and acts of malicious persons; ii.

  • The Insurer shall reimburse an Insured for Business Interruption Costs incurred during the Period of Restoration due to a System Disruption commencing during the Policy Period and reported to the Insurer in accordance with the terms of this Policy.


More Definitions of Business Interruption Costs

Business Interruption Costs means the total sum of the following: (a) Extra Expense; and (b) loss of Business Income.
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Business Interruption Costs do not include:
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Related to Business Interruption Costs

  • Service Interruption means the cessation of electricity supply to an ICP for a period of 1 minute or longer, other than by reason of De-energisation of that ICP:

  • Planned Service Interruption means a Service Interruption that has been scheduled to occur in accordance with Schedule 5;

  • Unplanned Service Interruption means any Service Interruption where events or circumstances prevent the timely communication of prior warning or notice to the Trader or any affected Customer;

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Interruption means a reduction in non-firm transmission service due to economic reasons pursuant to Tariff, Part II, section 14.7.

  • Environmental Damages means all liabilities (including strict liability), losses, damages (excluding consequential, special, exemplary or punitive damages except to the extent such damages were imposed upon an Indemnitee as a result of any claims made against such Indemnitee by a governmental entity or any other third party), judgments, penalties, fines, costs and expenses (including fees, costs and expenses of attorneys, consultants, contractors, experts and laboratories), of any and every kind or character, at law or in equity, contingent or otherwise, matured or unmatured, foreseeable or unforeseeable, made, incurred, suffered, brought, or imposed at any time and from time to time, whether before or after the Release Date and arising in whole or in part from:

  • Basic generation service transition costs means the amount by

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Services Interruption Event means any interruption to a Works caused by; a Force Majeure Event, the Customer’s failure to carry out or perform any obligation required of it under this agreement which in the sole opinion of the Company does or may cause a delay in the Works and any other matter which in the reasonable opinion of the Company will cause an interruption or delay in the performance of the Works;

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Electrical Losses means all applicable losses, including the following: (a) any transmission or transformation losses between the CAISO revenue meter(s) and the Delivery Point; and (b) the Distribution Loss Factor, if applicable.

  • business interest ’ means —

  • Nonbusiness income means all income other than business income.

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Direct Costs means the sum of the following:

  • Direct Damage has the meaning given to it in clause 26.2;

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Special Damages has the meaning specified in Section 11.21.

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • Environmental Damage means any material injury or damage to persons, living organisms or property or any material pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • CAISO Revenues means the credits, fees, payments, revenues, interest or similar benefits, including imbalance energy payments, that are directly assigned by the CAISO to the CAISO Global Resource ID for the Generating Facility for, or attributable to, Scheduling or deliveries from the Generating Facility under this Agreement.

  • Utility Costs means utility and home energy costs related to the occupancy of rental property (e.g. electricity, gas, water and sewer, trash removal, and energy costs (such as fuel oil)) that are separately-stated charges. Utility Costs do not include telecommunication services (e.g. telephone, cable, and internet services).