Business Interruption Insurance definition

Business Interruption Insurance means insurance coverage against “Business Interruption and Extra Expense” (as that phrase is used within the United States insurance industry for application to transient lodging facilities).

Business Interruption Insurance means rental and/or business income insurance required pursuant to Section 8.05(a)(iii) or otherwise maintained in accordance with this Agreement.

Business Interruption Insurance means insurance under any insurance policy that replaces income or earnings lost as a result of any event that interrupts the operations of the policyholder’s business or is otherwise designed to insure the policyholder against interruptions in the operations of the policyholder’s business.

Examples of Business Interruption Insurance in a sentence

• Certain Property (assets) of the Department is insured by the Insurance Company under the State of Florida, Department of Transportation’s Bridge, Property and Business Interruption Insurance Program (Insurance Program).

• Business Interruption Insurance Insureds Contractor; Lenders, [Authority]247, each for their respective rights and interests in the Project.

• Tenant shall maintain Business Interruption Insurance, which shall include Rent Insurance in an amount not less than the annual rental payable hereunder.

• The Broker of Record will assist the Insured with documentation and other steps to obtain commitments for and implement the Insured's Bridge, Property and Business Interruption Insurance program upon the Insured's instructions.

• The insurance proceeds received by Manager in accordance with this Section 8.1 shall satisfy the applicable amounts that Owner would otherwise be required to pay in accordance with Section 8.1, so long as Owner participates in Manager’s insurance program or obtains its own Business Interruption Insurance that provides the same level of coverage as is available through Manager’s insurance program.

More Definitions of Business Interruption Insurance

Business Interruption Insurance as defined in Section 2.1(d).

Business Interruption Insurance means insurance coverage against "Business Interruption and Extra Expense" (as that phrase is used within the United States insurance industry for application to transient lodging facilities).

Business Interruption Insurance shall have the meaning provided in Exhibit F. “Capital Improvement” shall have the meaning provided in Section 11.1. “Casualty” shall have the meaning provided in Section 6.1.

Business Interruption Insurance means an insurance contract that provides coverage to an insured for lost revenues, rents, profits and/or expenses incurred due to certain risks/perils that interrupt the insured's regular business, over a defined period;

Business Interruption Insurance means insurance that covers the loss of income, continuing fixed expenses or extra expenses a business suffers after a disaster while its facility is either closed because of the disaster or in the process of being rebuilt after the disaster.

Business Interruption Insurance. Business interruption insurance written on a gross earnings form to cover the actual loss sustained, including loss of earnings, fixed costs and debt service, resulting from interruption of business operations due to physical loss of, damage to or impairment of any material improvements, machinery and equipment.

Business Interruption Insurance. Business interruption insurance to cover loss resulting from delay of the completion of the Facility and, after completion, loss of use, total or partial, of the Leased Property or any part thereof in an amount sufficient at all times to pay Basic Rent with respect to the Leased Property for a period adequate to cover the period of loss of use of the Leased Property or any part thereof plus any other amounts payable by the Lessee to the Lessor during such period in connection with the transactions contemplated by the Operative Documents. Such policy shall provide that the amount payable thereunder shall not be less than the Base Rent and such other amounts during the entire Lease Term.