Examples of Interruption Event in a sentence
The Customer acknowledges that there may be an Additional Expenses Charge relating to recommencement of the Works after the occurrence of a Services Interruption Event.
Provided, however that such net profit (or net loss) calculations shall not include, and this policy shall not cover, net income that would likely have been earned as a result of an increase in volume of business due to favourable business conditions caused by the impact of a Business Interruption Event on other businesses.
In respect of Insuring Clause 1.2 only, in determining the amount of net profit (or net loss) and expenses covered under this policy for the purpose of ascertaining the amount of Business Interruption Loss (and otherwise); due consideration shall be given to the prior experience of an Insured’s business before the beginning of a Business Interruption Event, and to the probable business an Insured could have performed, had no Business Interruption Event occurred.
The Insured shall provide such information and documentation relating to the Claim, Loss, or Business Interruption Event as the Insurer may require in its sole discretion.
Standard Turnover or Standard Gross Revenue means the Turnover or Gross Revenue which would have been obtained during the Indemnity Period, if the Cyber Business Interruption Event had not occurred and allowing for trends of the Business or circumstances which would have affected the Business irrespective of the Cyber Business Interruption Event occurring.