Loss of Profit definition

Loss of Profit. Means the profits the Rental Company failed to obtain with the rental vehicle by virtue of conducts of the Client, his or her Representative or Additional Driver, including theft, stealing, Accident, calculated based on the price of the daily tariff engaged. Such amounts shall be charged in case the respective protection has not been engaged or in cases of loss thereof.
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Loss of Profit means an amount of profit, net of taxes which would have been applied to such profit had such profit been earned, which is the amount by which (a) exceeds (b). For the purpose of this calculation:
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Loss of Profit means reduced profits (other than the Overcharge and Financing Losses / Interest) caused by the Infringement.
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Examples of Loss of Profit in a sentence

  • In respect of several insurances within the same compound / location with all the Indian insurers, the maximum aggregate loss (Material Damage and Loss of Profit combined) payable per compound /location shall be Rs.500 crores.

  • The limit of coverage under this endorsement shall not exceed Rs. (insert here the overall liability limit for Material Damage + Loss of Profit).

  • The tournament manager and NCAA championship administrator shall review with the local law- enforcement agencies their procedures for circumstances requiring emergency evacuation of the competition site or interruption of the game.

  • As the plant was fully insured under IAR Policy and Loss of Profit, the Company lodged the claim with the insurance Company for recovery of the losses suffered.

  • The limit of coverage under this endorsement shall not exceed the Sum Insured under this Policy OR Rs. 200 crores ( combined for Material Damage and Loss of Profit Policies), whichever is lower.

  • For the purposes hereof, the Loss of Profit shall mean the difference between (i) the whole of the amounts which the Bank would have earned on the prepaid amounts (had such prepayment not have been effected) by way of linkage to the Index and interest in accordance with the provisions hereof from the date of prepayment and until the agreed date of repayment as stipulated in Clause 6.01 and (ii) the Bond Rate relevant on the date of such prepayment.

  • The indemnities contained in this clause shall survive the termination of the arrangement with ‘The Escrow Agent’, whether the same occurs pursuant to clause of this Agreement.

  • Exceptional Items Claim for Loss of Profit from Contractors / Suppliers For its Integrated Steel Manufacturing facilities, the Company had entered into contracts with several parties for supply of equipment, structures, civil and erection commissioning etc.

  • If Turnover is being temporarily maintained from accumulated stock of finished goods, then an allowance will be made in the amount recoverable for Loss of Profit in Section 2.3(1) to reflect the depletion of accumulated stock.

  • This insurance shall allow the customer to contract Advance Loss of Profit (ALOP) Insurance, where applicable.


More Definitions of Loss of Profit

Loss of Profit. Means the amount of net profit before taxation that you could reasonably have projected to be earned for goods sold and for services rendered during the business impact period, minus the actual net profit before taxation that you earned during the business impact period. Such projection will be assessed by applying the same rate of net profit before taxation earned:
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Loss of Profit means the amount reasonably certified by the Seller's accountants as being the loss of profit suffered by the Seller as a consequence of the Seller’s inability to sell any part of Oceana Beachmere due to the Buyer’s non-compliance with the Building Covenants;
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Related to Loss of Profit

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, and criminal or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Loss of Use means the total and irrecoverable loss of function of an arm, hand, foot, leg or thumb and index finger of the same hand provided such loss of function is continuous for 12 consecutive months and such loss of function is thereafter determined on evidence satisfactory to Chubb Life to be permanent.

  • Special Damages has the meaning specified in Section 11.21.

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Loss of Activities of Daily Living means that, due to an Injury or Sickness, the Insured Employee has lost the ability to safely and completely perform two or more of the following six Activities of Daily Living without another person's active, hands-on help with all or most of the activity.

  • Punitive Damages are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Profit and “Loss” and any items of income, gain, expense, or loss referred to in this Agreement shall be determined in accordance with federal income tax accounting principles, as modified by Regulations Section 1.704-1(b)(2)(iv), except that Profit and Loss shall not include items of income, gain and expense that are specially allocated pursuant to Sections 5.1(b), 5.1(c) or 5.1(d). All allocations of income, Profit, gain, Loss and expense (and all items contained therein) for federal income tax purposes shall be identical to all allocations of such items set forth in this Section 5.1, except as otherwise required by Section 704(c) of the Code and Regulations Section 1.704-1(b)(4). The General Partner shall have the authority to elect the method to be used by the Partnership for allocating items of income, gain, and expense as required by Section 704(c) of the Code including a method that may result in a Partner receiving a disproportionately larger share of the Partnership tax depreciation deductions, and such election shall be binding on all Partners.

  • Operating Loss means a negative Operating Profit.

  • Loss of Sight means the entire, permanent and irrecoverable loss of sight.

  • Direct Damage has the meaning given to it in clause 26.2;

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Material Damage and “Materially damaged” means damage (w) resulting in the Property not complying with all legal requirements applicable to the Property, (x) reasonably exceeding $300,000 or (y) that entitles any tenant of the Property to terminate its Lease, or (z) which, in Buyer’s or Seller’s reasonable estimation, will take longer than 120 days to repair.

  • Service Interruption means the cessation of electricity supply to an ICP for a period of 1 minute or longer, other than by reason of De-energisation of that ICP:

  • unrealized profits means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • Losses shall have the meaning set forth in Section 5(a).

  • Accidental Damage means physical damage, breakage or failure of Your Covered Equipment due to an unforeseen and unintentional event occurring either due to handling (e.g., dropping the Covered Equipment or through liquid contact) or due to an external event (e.g., extreme environmental or atmospheric conditions). The damage must affect the functionality of Your Covered Equipment, which includes cracks to the display screen that affect the visibility of the display.

  • Interruption means a reduction in non-firm transmission service due to economic reasons pursuant to Tariff, Part II, section 14.7.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.

  • Non-Profit means a qualified non-profit entity as defined in Section 42(h)(5)(C), subsection 501(c)(3) or 501(c)(4) of the IRC and organized under Chapter 617, F.S., if a Florida Corporation, or organized under similar state law if organized in a jurisdiction other than Florida, to provide housing and other services on a not-for-profit basis, which owns at least 51 percent of the ownership interest in the Development held by the general partner or managing member entity, which shall receive at least 25 percent of the Developer fee, and which entity is acceptable to federal and state agencies and financial institutions as a Sponsor for affordable housing, as further described in Rule 67-48.0075, F.A.C.

  • Loss of Speech means the disability in articulating any three of the four sounds which contribute to the speech such as the Labial sounds, the Alveololabial sounds, the Palatal sounds and the Velar sounds or total loss of vocal cord or damage of speech center in the brain resulting in Aphasia.

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.