Loss of income definition

Loss of income means the income your business could reasonably be expected to have earned during the period of restoration if no covered property loss had occurred less any income your business actually earned. Loss of income does not include charges and expenses which do not necessarily continue during the time of interruption. Coverage also applies to expenses you incur to reduce loss of income, however, only to the extent that they actually reduce your loss of income.

Loss of income means the lesser of the:

Loss of income means the Salary applicable for the ordinary hours of work normally undertaken by the Employee but shall not include payment for additional hours of work or payment at Overtime rates; v “Proof of current registration” shall be a letter from the relevant service stating the employee’s name and membership number.

Examples of Loss of income in a sentence

• Location(s) maintain the following limits: - Blanket Building & Personal Property $461,454,000 any one loss - Blanket Loss of Income $102,292,700 any one loss Locations (ii), (iii) and (iv) maintain the following limits: - Blanket Building & Personal Property $87,200,000 any one loss - Blanket Loss of Income $16,100,000 any one loss Separately, a $20,000,000 annual aggregate sublimit applies for the perils of flood and/or earthquake damage, as well as a $15,000,000 building ordinance and law sublimit.

• Coverage for the loss of rental income may be included in Tenant's Loss of Income Insurance coverage.

• The LESSOR will carry adequate “special form” property insurance on the Building, Business Loss of Income insurance and General Liability insurance.

• Erwin, TN) and V 5,000,000 / 5,000,000 Extensions of Coverage Accounts Receivable 1,000,000 Computer Virus & Denial of Access / Electronic Vandalism 100,000 Course of Construction – Additions & Renovations Only 500,000 Debris Removal 5,000,000 or 25% of the Combined Amount of Covered Direct Physical Damage & Loss of Income Loss, Whichever is Greater This insurance document is furnished to you as a matter of information for your convenience.

• Each Covered Person shall carry, however, business interruption insurance in such amounts as are satisfactory to Administrative Agent; Administrative Agent acknowledges that the amount of business interruption insurance reflected on the insurance certificates Borrower has delivered to Administrative Agent as "Loss of Income" coverage is satisfactory to Administrative Agent.

More Definitions of Loss of income

Loss of income means gross income actually lost by a victim

Loss of income means the difference between:

Loss of income means income the insured would have earned but for the injuries received in the auto accident, less any income actually earned from employment during the period the insured is recovering from bodily injuries caused by an auto accident.

Loss of income shall be computed as 20% of the total amount for unfinished work performed by Customer or any third party service DL Restcon. Customer agrees to provide, within ten (10) days, copies of all pricing, bills, receipts and/or invoicing from any and all third parties upon written request by DL Restcon. Further, Customer agrees to provide a full and complete release of any liability related to any work that was cancelled prior to completion.

Loss of income means becoming unemployed or unable to earn an income, other than as a result of permanent or temporary disability, arising after the Date of Commencement, and receiving no

Loss of income means Your loss of permanent, contract or temporary employment, or any other form of income that You have been receiving for at least 3 months immediately prior to the Entry Date.

Loss of income means loss of an "affected person's" or "care provider's" actual gross income based on the salary of the "affected person" or "care provider" on the date of the "crisis event". "Loss of income" does not include: