Standard Weekly Revenue definition

Standard Weekly Revenue means the amount calculated by averaging the weekly revenues obtained during the period from the date of the commencement of your business to the date of the damage.

Standard Weekly Revenue means the average of the Weekly Revenues in that period during the fifty two (52) weeks immediately before the date of the Damage which corresponds with the Indemnity Period.*

Standard Weekly Revenue means the average of the Weekly Revenues in that period during the fifty two

Examples of Standard Weekly Revenue in a sentence

• This item is limited to the loss of Weekly Revenue and the amount payable as compensation under this item will be the amount by which the Weekly Revenue during the Indemnity Period falls short of the Standard Weekly Revenue in consequence of the Damage.2. Additional increase in cost of workingSee ‘Common Clauses to Parts A, B and C’.3.

• Indemnity Period Indemnity Period means the period beginning with the occurrence of the Damage during which the results of Your Business are affected by the Damage and ending at the expiration of the maximum period specified in the Schedule or, in the case of Weekly Revenue, ending at the earliest of either the expiration of the maximum period specified in the Schedule or when Weekly Revenue during that period equals or exceeds ninety-five percent (95%) of Standard Weekly Revenue.

More Definitions of Standard Weekly Revenue

Standard Weekly Revenue means the average of the Weekly Revenues in that period during the fifty two (52) weeks immediately before the date of the Damage which corresponds with the Indemnity Period, adjusted as may be necessary for trends, variations in or other circumstances affecting Your Business, so that the adjusted figure will represent as far as possible the weekly results which, but for the Damage, would have been obtained during the relative period after the Damage.