Insurance Cost Decrease definition
Insurance Cost Decrease means the Insurance Cost Differential if the value thereof is less than zero, multiplied by minus one;
Insurance Cost Decrease the Insurance Cost Differential if the value "Insurance Cost Differential" shall, subject to the Insurance Review "Insurance Cost Increase" the Insurance Cost Differential if the value "Insurance Cost Index" any index introduced by the United Kingdom "Insurance Review Date" the First Insurance Review Date and, thereafter,
Insurance Cost Decrease means the Insurance Cost Differential if the value thereof is less than zero, multiplied by minus one; Insurance Cost Differential shall, subject to the Insurance Review Procedure, be determined as follows:
More Definitions of Insurance Cost Decrease
Insurance Cost Decrease means the Insurance Cost Differential if the value thereof is less than zero, multiplied by minus one;62 “Insurance Cost Differential” will, subject to the Insurance Review Procedure, be determined as follows:- Insurance Cost Differential = (▇▇▇▇ – BRIC) – (±PIC)63 Where: ▇▇▇▇ is the Actual Relevant Insurance Cost BRIC is the Base Relevant Insurance Cost PIC is any Project Insurance Change
Insurance Cost Decrease means the Insurance Cost Differential if the value thereof is
Insurance Cost Decrease means the Insurance Cost Differential if the value is less than zero, multiplied by minus one. Insurance Cost Differential shall, subject to the Insurance Premium Benchmarking Procedure, be determined as follows: Insurance Cost Differential = (ABIC - BBIC) - (+/-PIC), where: ABIC is the Actual Benchmarked Insurance Cost; BBIC is the Base Benchmarked Insurance Cost; and PIC is any Project Insurance Change;
Insurance Cost Decrease the Insurance Cost Differential if the value thereof is less than zero (0), multiplied by minus one (1);