Increased Cost of Working definition

Increased Cost of Working meansyour reasonable sums necessarily incurred in addition to your normal operating expenses to mitigate an interruption to and continue your business operations, provided that the costs are less than your expected direct loss of profits sustained had these measures not been taken.
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Increased Cost of Working means the additional expenditure necessarily and reasonably incurred for the sole purpose of avoiding or diminishing Loss of Net Revenue which but for such expenditure would have taken place during the Indemnity Period but not exceeding the Loss of Net Revenue thereby avoided.
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Increased Cost of Working means the additional expenditure necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the: ▪ reduction in turnover, if gross profit is shown as the Basis of Settlement in the Schedule; or ▪ reduction in gross revenue, if gross revenue is shown as the Basis of Settlement in the Schedule; ▪ reduction in rent receivable, if rent receivable is the applicable Basis of Settlement; ▪ increase in research and development expenditure, and which, but for that expenditure, would have taken place during the indemnity period. means the period beginning with the occurrence and ending not later than the Maximum Indemnity Period or that Indemnity Period more specifically set out in the Schedule thereafter during which the results of the Insured’s business shall be affected in consequence of the damage.
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Examples of Increased Cost of Working in a sentence

  • Increased Cost of Working The additional expenditure necessarily and reasonably incurred with Our consent.

  • Extensions of cover applying to Sub-Section 3 Cover under Sub-Section 3 Increased Cost of Working is extended to include: 1 Auditors Fees Reasonable fees payable by the Insured to their auditors for producing and certifying any particulars or details contained in their books of account or other business books or documents or such other information as may be requested by the Company.

  • Increased Cost of Working is extended to include reasonable fees payable by the Insured to their auditors for producing the particulars of any claim as may be required by Policy Condition 6 of this Policy.

  • However, it enables the reader to isolate one effect from another.

  • The liability under this Sub-Section shall not exceed the lesser of: a the Sum Insured against Sub-Section 4 Virus Hacking and Denial of Service Attack; or b the aggregate of the Sums Insured in respect of Sub- Section 2 Reinstatement of Data and Sub-Section 3 Increased Cost of Working, in total for all claims or series of claims, arising out of any one original cause.

  • Provided that the liability of the Company under this Sub- Section in total for all claims during the Indemnity Period shall not exceed the Sum Insured against Sub-Section 3 Increased Cost of Working.

  • DSU covers (1) Fixed Costs, (2) Debt Service, (3) Increased Cost of Working, plus extensions for (a) Accountants’ Costs, (b) Delay due to suppliers’ inability to provide goods or services, and (c) Prevention of Access to the Site, all only to the extent resulting from damage covered under the Builders’ All Risk insurance, above.

  • Increased Cost of Working means the additional expenditure necessarily and reasonably incurred in order to minimise any interruption or interference with the Business during the Indemnity Period.

  • Increased Cost of Working Only£2,500Indemnity Period12Method of adjustmentNone Excess£50 Endorsements CC049 - Increased Costs of Bridge Club Expenses Increased costs of bridge club expenses is defined as follows: Any additional expense You necessarily and reasonably incur in renting or leasing alternative premises following Damage to Your usual premises.

  • Increased Cost of Working Only ItemsThe Insurer will pay the Insured as indemnity in consequence of Business Interruption for Increased Cost of Working.Increased Cost of Working means the additional expenditure necessarily and reasonably incurred in order to minimise any interruption or interference with the Business during the Indemnity Period.In calculating the most the Insurer will pay the Insured, adjustments will be made in accordance with the following clauses.

Related to Increased Cost of Working

  • Cost of work , in table above, shall mean the agreement amount of the work.

  • Increased Cost has the meaning specified in Section 3.01.

  • Increased Cost of Hedging means that the Issuer would incur a materially increased (as compared with circumstances existing on the First Trading Date) amount of tax, duty, expense or fee (other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any such materially increased amount that is incurred solely due to the deterioration of the creditworthiness of the Issuer shall not be deemed an Increased Cost of Hedging.

  • Increased Costs means: (A) a reduction in the rate of return from the Facility or on a Finance Party’s (or its Affiliate’s) overall capital; (B) an additional or increased cost; or (C) a reduction of any amount due and payable under any Finance Document, which is incurred or suffered by a Finance Party or any of its Affiliates to the extent that it is attributable to that Finance Party having entered into its Commitment or funding or performing its obligations under any Finance Document.

  • Increased Cost Lender as defined in Section 2.23.

  • Custom Local Area Signaling Service Features (CLASS) means certain call-management service features that are currently available from SBC-13STATE’s local networks. These could include: Automatic Call Back; Automatic Recall; Call Trace; Caller Identification and related blocking features; Calling Number Delivery; Customer Originated Trace; Distinctive Ringing/Call Waiting; Selective Call Forward; and Selective Call Rejection.

  • Increased-Cost Lenders as defined in Section 2.23.

  • Cost of Services is FASC’s total Operating Costs incurred in providing the applicable Category of Services during the month to all investment advisers for which FASC provides that Category of Services. “Adviser’s Assets under Management” is the total average assets under management for the month for all Accounts or portions thereof for which the Adviser acts as investment adviser or subadvisor and which utilize the Category of Services.

  • Type of Work means (insert the type of work you expect to supply the Agency Worker into);

  • SOW means the document specifying, without limitation, the scope, objective, and time frame of the Work that Supplier will perform for Cisco.

  • Service line sample means a one (1) liter sample of water collected in accordance with section 37(b)(3) of this rule that has been standing at least six (6) hours in a service line.

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Cost of the Work means those costs described in Paragraph 11.2.

  • Statement of Work means the description of activities performed in completing the Project, as specified in the Contract and as may be amended.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Manufacturing Cost means ***

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Bondable stranded costs rate order means one or more

  • Associated Costs means, in respect of each Preference Share, an amount (subject to a minimum of zero) equal to its pro rata share (calculated on the basis of the proportion of the aggregate number of Preference Shares outstanding as at the Early Preference Share Valuation Date) as determined by the Calculation Agent of:

  • Approved costs means the eligible costs or expenditures2 as approved by the Provider, and as defined in the Agreement or Decision on Grant Funding to carry out the Grant Project.

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Work Order means an individually negotiated document that is executed by both Parties and which authorizes a Project, if any, in an indefinite quantity Contract.

  • Increased Costs of Hedging means that the Issuer has to pay a substantially higher amount of taxes, duties, expenditures and fees (with the exception of broker fees) compared to the First Trade Date in order to

  • Generator Planned Outage means the scheduled removal from service, in whole or in part, of a generating unit for inspection, maintenance or repair with the approval of the Office of the Interconnection in accordance with the PJM Manuals.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Manufacturing Costs means, with respect to a given AquaBounty Product, the full-time equivalent costs (under a reasonable accounting mechanism to be agreed upon by the Parties) and out-of-pocket costs that AquaBounty or any of its Affiliates incurred in manufacturing such products, including costs and expenses incurred in connection with (a) the development or validation of any manufacturing process, formulations or delivery systems, or improvements to the foregoing; (b) manufacturing scale-up; (c) in-process testing, stability testing and release testing; (d) quality assurance/quality control development; (e) internal and Third Party costs and expenses incurred in connection with qualification and validation of Third Party contract manufacturers, including scale up, process and equipment validation, and initial manufacturing licenses, approvals and inspections; (f) packaging development and final packaging and labeling; (g) shipping configurations and shipping studies; and (h) overseeing the conduct of any of the foregoing. “Manufacturing Costs” shall further include: (i) to the extent that any such AquaBounty Product is manufactured by a Third Party manufacturer, the out-of-pocket costs incurred by AquaBounty or any of its Affiliates to the Third Party for the manufacture and supply (including packaging and labeling) thereof, and any reasonable out-of-pocket costs and direct labor costs incurred by AquaBounty or any of its Affiliates in managing or overseeing the Third Party relationship determined in accordance with the books and records of such Party or its Affiliates maintained in accordance with US GAAP; and (ii) to the extent that any such AquaBounty Product is manufactured by AquaBounty or any of its Affiliates, direct material and direct labor costs attributable to such product, as well as reasonably allocable overhead expenses, determined in accordance with the books and records of AquaBounty or its Affiliates maintained in accordance with US GAAP.