Increased Costs of Working definition

Increased Costs of Working means the costs and expenses incurred by You for the sole purpose of minimising the reduction in Income from Your Activities during the Indemnity Period, but not exceeding the reduction in Income saved.
Sample 1Sample 2Sample 3
Increased Costs of Working means the additional expenditure necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the reduction in Business Income, excluding expenditure incurred on the purchase of Stock in Trade.
Sample 1Sample 2Sample 3
Increased Costs of Working. Means the fees, costs and expenses that are reasonably and necessarily incurred by you to avoid, minimize or reduce the amount of business interruption loss (including by reducing the period during which business interruption loss is incurred), but only where:
Sample 1

Examples of Increased Costs of Working in a sentence

  • If this is the Insured's first trading year, the difference between the Insured's Income during the Period of Indemnity and during the period immediately prior to the interruption, less any savings resulting from the reduced costs and expenses the Insured pay out of the Insured's Income during the Period of Indemnity.3. The Insurer will also pay for Increased Costs of Working.

  • Provided that: a liability is limited solely to the cost of reinstating data onto Computer Media; b the Company shall not be liable for Damage to software; and c the Company shall not be liable under this Extension for costs more specifically described under Extension 4 Increased Costs of Working.

  • The insurance by this item is limited to Additional Increased Costs of Working as a result of interruption of or interference with Your Activities arising from Insured Damage occurring during the Period of Insurance to Property used by You in respect of Your Activities at the Premises.Our liability under this item shall not exceed the sum insured stated on the Schedule.

  • Cover 1.c) – Increased Costs of Working is extended to include additional rental costs incurred following the replacement of a maintenance lease or hire agreement in respect of computer equipment by a new contract for similar computer equipment and consequent upon breakdown or derangement insured by this section up to a sum insured of £5,000.

  • Reimburse the Insured for Restoration and Increased Costs of Working arising from a Data Breach or Unauthorized Access.

  • Increased Costs of Working incurred during the first 48 hours following the failure of any item of Hardware due to its Breakdown or derangement where a Maintenance Agreement is not in force on the item at the time of the Damage 2.

  • It would be curious if the insured business was not provided with such cover - Gross Profit losses are invariably more significant than Increased Costs of Working that might be incurred to avoid them.

  • OutcomeWe successfully placed the policy that included Additional Increased Costs of Working for the purchase of replacement power.

  • Therefore, if an alternative office was required, i.e. a porta cabin, then the Increased Costs of Working would cover that.Commercial Combined Insurance – Goods in Transit & Contractors PlantWith reference to stock, Mr J Cooke noted that it is also covered when it has left the Depot and is in transit to other sites.

  • These comprise a Loss of Gross Profit (consequent upon a reduction in Turnover), Increased Costs of Working and Savings.

Related to Increased Costs of Working

  • 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

  • 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.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • 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 Lenders as defined in Section 2.23.

  • Transfer Costs means the cost of registration of Transfer arising herefrom calculated with reference to the fee chargeable in terms of the recommended guideline of conveyancing fees, and all incidental disbursements necessary to effect registration, together with VAT on such costs and disbursements, but specifically excluding any costs relating to mortgage bond registration;

  • 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.

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

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

  • Hard Costs means all costs and expenses payable for supplies, materials, labor and profit with respect to the Improvements under any Construction Contract.

  • 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.

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Direct Costs means the sum of the following:

  • Increased Cost Lender as defined in Section 2.23.

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

  • Delivery Costs means those components of the traction electricity costs in respect of which the rate charged to Network Rail varies by Geographic Area g. These include costs associated with electricity supply industry transmission and distribution;

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Mandatory Costs means the percentage rate per annum calculated in accordance with Schedule 1.01(b).

  • Program Costs means all necessary and incidental costs of providing program services.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • 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.

  • Bondable stranded costs rate order means one or more

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.