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 as defined in Section 2.1(d).

Examples of Business Interruption Insurance in a sentence

• Business Interruption Insurance Recoveries The Company does not purchase business interruption coverage.

• Business Interruption Insurance with limits not less than an amount equal to two (2) years rent hereunder.

• All Centralized Service Charges and Reimbursable Expenses actually incurred during the period of the Business Interruption Event shall continue to be payable in accordance with the provisions this Agreement, regardless of whether there are sufficient Business Interruption Insurance proceeds to cover such amounts.

• Business Interruption Insurance Amid COVID-19: How Aggregation Can Affect Recovery ValueMay 1, 2020During the COVID-19 pandemic, it is important for policyholders to remember that key insurance principles, including the principle of aggregation in the United Kingdom, could make a significant difference to any claim on their policies.

• Notwithstanding the foregoing, Tenant may elect not to carry Business Interruption Insurance; provided, however, that in such event Tenant shall release Landlord from any and all liability arising during the Lease Term that would have been covered by such Business Interruption Insurance had Tenant elected to carry such coverage.

More Definitions of Business Interruption Insurance

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.

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.

Business Interruption Insurance. Business interruption insurance to indemnify the Licensee in respect of the Licensee’s revenues for a period of not less than 6 (six) months if any of the property insured under sub-paragraph (a) is lost or destroyed or damaged by any of the risks insured under sub-paragraph (a) which causes interruption to or interference with the operation of the Car Park Facilities and Services at the Locations.

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 insurance against loss of operating income for a period of at least six months, occasioned by reason of any peril affecting the operations of the Mortgagor; and

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.