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.
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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.
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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 business impact period), but only where:
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Examples of Increased Costs of Working in a sentence

  • Five cover options are available: (1) Gross Profit; (2) Gross Rentals; (3) Gross Income; (4) Weekly Income; or (5) Increased Costs of Working Only.

  • 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.

  • 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.

  • Additional Expenses means Relocation Costs, Increased Costs of Working, Additional Costs of Working, Expediting Expenses and/or Loss of Accounts Receivable.

  • Increased Costs of Working Only cover is the ‘Increased Cost of Working Only’sum insured specified in the schedule.

  • 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.

  • D Increased Costs of Working The Company shall be liable to pay reasonable costs necessarily incurred in minimising or preventing the resulting interruption or interference to the Insured’s computer operations.

  • Additional Increased Costs of Working We will pay the additional expenditure not otherwise payable under this Section, necessarily and reasonably incurred during the Indemnity Period and in consequence of the Insured Event for the purpose of diminishing a reduction in Gross Income or for the purpose of resuming or maintaining the normal operation of the Business.

  • Additional Increased Costs of Working are those additional operating expenses, including payroll, taxes, interest and rents, that are necessarily incurred to enable the Insured Entity to continue trading following a Systems Disruption with the minimum practicable insured Loss of Net Profit.Increased Cost of Working shall not include the fees of any forensic IT professionals, any Revamp Advice Costs or any costs incurred for the enhancement or upgrade of the Insured’s Systems or Outsourced Systems.

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 Any amounts required to be paid by the Borrower to an Indemnified Party pursuant to Section 2.12.

  • 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;

  • 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 all items of expense directly or indirectly payable by or reimbursable to the City or the Trustee relating to the sale and execution and delivery of the Purchase Agreement, this Trust Agreement and the Obligations, including but not limited to filing and recording costs, settlement costs, printing costs, reproduction and binding costs, initial fees and charges of the Trustee, financing discounts, legal fees and charges, insurance fees and charges, financial and other professional consultant fees, costs of rating agencies for credit ratings, fees for execution, transportation and safekeeping of the Obligations and charges and fees in connection with the foregoing.

  • 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 the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • 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.

  • Crew Support Costs means all expenses of a general nature which are not particularly referable to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and, without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews.