Dependent Business definition

Dependent Business means any entity that is not a part of the Insured Organisation but which provides necessary products or services to the Insured Organisation pursuant to a written contract.
Dependent Business means any business in which the local public officer or any member of the local public officer’s household has an ownership or beneficial interest, individually or combined, amounting to more than a ten percent interest, and during the preceding calendar year the business received from a single source more than $10,000 and more than 50 percent of its gross income.
Dependent Business means any business in which the public officer

Examples of Dependent Business in a sentence

  • With respect to Data Recovery Costs, Business Interruption Loss and Dependent Business Loss the Named Insured must notify the Underwriters through the contacts for Notice of Claim, Loss or Circumstance in the Declarations as soon as practicable after discovery of the circumstance, incident or event giving rise to such loss.

  • All Dependent Business Loss payable under this Policy is part of and not in addition to the Business Interruption Loss limit listed in the Declarations.

  • Loss will apply after the Waiting Period has elapsed and the Underwriters will then indemnify the Named Insured for all Business Interruption Loss and Dependent Business Loss sustained during the Period of Restoration in excess of the Retention.

  • Dependent Business Interruption Loss Dependent Business Loss that the Insured Organisation sustains as a result of a Dependent Security Breach or a Dependent System Failure that the Insured first discovers during the Policy Period.

  • The Named Insured will provide the Underwriters a proof of Data Recovery Costs, Business Interruption Loss and Dependent Business Loss, and this Policy will cover the reasonable and necessary costs, not to exceed GBP 50,000, that the Named Insured incurs to contract with a third party to prepare such proof.


More Definitions of Dependent Business

Dependent Business means any entity that is not a part of the Fund Member but provides necessary products or services to the Fund Member under a written contract.
Dependent Business means any business in which the local public officer or any member of his household has an ownership or beneficial interest, individually or combined, amounting to more than a TEN PERCENT (10%) INTEREST, AND DURING THE PRECEDING CALENDAR YEAR THE BUSINESS RECEIVED FROM A SINGLE SOURCE MORE THAN TEN
Dependent Business means any third party service provider that provides hosted computer application services to the insured or processes, maintains, hosts or stores the insured's electronic data, pursuant to written contract with the insured for such services.
Dependent Business means any third party, other than a Service Provider, on whom You depend for products and/or services required to conduct Your business.
Dependent Business means any third party service provider that provides hosted computer application services to the Named Insured or processes, maintains, hosts, or stores the Named Insured’s electronic data, pursuant to written contract with the Named Insured for such services.
Dependent Business means any business in which the public officer or any member of his household has an ownership or beneficial interest, individually or combined, amounting to more than a ten per cent interest, and during the preceding calendar year the business received from a single source more than ten thousand dollars and more than fifty per cent of its gross income.
Dependent Business means any entity that is not a part of the “Member”, but which provides necessary products or services to the “Member” pursuant to a written contract. Dependent Business Loss means: