Business Interruptions definition

Business Interruptions. Except as set forth in Exhibit "5.12" hereof, within five (5) years prior to the date hereof, none of the business, Property or operations of Borrower have been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against Borrower. There are no pending or threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting the business being operated by Borrower.
Business Interruptions. Within two (2) years prior to the Closing Date, neither the business, Property nor operations of any Borrower have been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Person. There are no pending or threatened labor disputes, strikes, lockouts or similar occurrences or grievances against the business being operated by any Borrower.
Business Interruptions. To the best of Staff Builders' knowledge, within five (5) years prior to the date hereof, neither the business, Property or operations of any of the Borrowers have been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against any of the Borrowers. There are no pending or, to the Borrowers' knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances against the business being operated by any of the Borrowers, other than disputes with individual employees, except as set forth on Exhibit "5.13".

Examples of Business Interruptions in a sentence

  • The Policy Period Aggregate Limit of Liability specified in Item 5 and the Coverage Parts Limits of Liability specified in Item 6 the Declarations and described herein are the most the Insurer will pay, regardless of the number of Insureds, Claims, Wrongful Acts, individuals or entities making Claims, Network Security Breaches, Privacy Violations, Security Threats, Privacy Threats or Business Interruptions.

  • If the total Property and Business Interruptions values are no greater than the limit for this Extension stated in the Schedule, no premium will be paid for the pro rata period commencing from the attachment date up to renewal date.

  • See "Management's Discussion and Analysis of Financial Condition and Results of Operations"-- "Factors That May Affect Future Results" set forth herein for a discussion of "Risks of Business Interruptions".

  • Business Interruptions Exhibit 5.13(a) ..-- Schedule of Names Exhibit 5.13(b)...-- Trademarks, Patents and Copyrights Exhibit 5.14......

  • Chief Financial Officer) Qualifications: BCom, BAcc, CA (SA)Occupation: Chief Financial Officer of Strategic Real Estate Managers (Pty) Ltd Mr Thurling, a chartered accountant with over 20 years’ experience in the property industry, in particular with listed property vehicles.

  • It provides a RESTful interface as well as the option to create complex queries.

  • There are no known or reported losses or incidents likely to result in a claim except what has been already informed to the user.2. Business Interruptions and Machinery Breakdown covers are excluded.3. The Successful Insurer should agree to indemnify the insured any loss included against the risk covered.4. The Insurance cover to be executed between the CPSTL and the successful Bidder shall be as per the cover agreed upon by the CPSTL.

  • Inability to Perform Routine Maintenance without Business Interruptions FTB’s data centers require continuous, uninterrupted power and cooling throughout the year.

  • The consequence: vulnerabilities to Business Interruptions (BI) are increasing – damage-related losses of profit therefore become decisive risk factors in industrial companies.

  • Business Continuity Directorate Plans and the Trust Corporate Plan will identify Minor, Significant and Major Business Interruptions: detail the command and control structures and the critical functions and resources which may be affected, including co-dependences.


More Definitions of Business Interruptions

Business Interruptions. Except as set forth in Exhibit "5.12" ---------------------- hereof, within one (1) year prior to the date hereof, none of the business, Property or operations of any Borrower or any Acquired Operating Company have been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against any Borrower. There are no pending or threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting the business being operated by any Borrower or any of the Acquired Operating Companies.

Related to Business Interruptions

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

  • 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:

  • 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;

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

  • 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;

  • 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.

  • 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.

  • Direct Damage has the meaning given in clause 24.2; "Dispute" has the meaning given in clause 23.1;

  • 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.

  • 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;

  • business interest ’ means —

  • Substantial bodily injury means "bodily injury which involves (A) a temporary but substantial disfigurement; or (B) a temporary but substantial loss or impairment of the function of any bodily member, organ, or mental faculty." See 18 U.S.C. § 113(b)(1).

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • Material Damage and “materially damaged” means, with respect to the Facility, damage (x) which, in Buyer’s reasonable estimation, exceeds $150,000 to repair, or (y) which, in Buyer’s reasonable estimation, will take longer than ninety (90) days to repair or restore.

  • Business Intellectual Property means Intellectual Property owned or used in the Business by Seller.

  • Punitive Damages are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

  • Substantial damage means damage of any origin sustained by a structure whereby the cost of restoring the structure to its before damaged condition would equal or exceed 50 percent of the market value of the structure before the damage occurred.

  • Special Damages has the meaning set forth in Section 12.

  • Environmental Damages means all claims, demands, liabilities (including strict liability), losses, damages (including consequential damages), causes of action, judgments, penalties, fines, costs and expenses (including reasonable fees, costs and expenses of attorneys, consultants, contractors, experts and laboratories), of any and every kind or character, contingent or otherwise, matured or unmatured, known or unknown, direct or indirect, foreseeable or unforeseeable, made, incurred, suffered or brought at any time and from time to time and arising in whole or in part from:

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Nonbusiness income means all income other than business income.

  • Catastrophic illness or injury means one of the following:

  • Injury means accidental physical bodily harm excluding illness or disease solely and directly caused by external, violent and visible and evident means which is verified and certified by a Medical Practitioner.

  • Interruption Period shall have the meaning set forth in Section 5 hereof.

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Catastrophic injury or illness means a life-threatening injury or illness of an employee or a member of an employee's immediate family that totally incapacitates the employee from work, as verified by a licensed physician, and forces the employee to exhaust all leave time earned by that employee, resulting in the loss of compensation from the state for the employee. Conditions that are short-term in nature, including, but not limited to, common illnesses such as influenza and the measles, and common injuries, are not catastrophic. Chronic illnesses or injuries, such as cancer or major surgery, that result in intermittent absences from work and that are long-term in nature and require long recuperation periods may be considered catastrophic.