Time Element definition

Time Element means an indirect loss stemming from direct loss or damage by a “Covered Peril” to income producing property.
Time Element means an indirect loss stemming from direct loss or damage by a “Covered Peril

Examples of Time Element in a sentence

  • If your Company does not write time element ALE coverage, initial ‘No – Time Element ALE’ box below.

  • If your Company writes Covered Policies that provide ALE coverage on a time element basis (i.e., coverage is based on a specific period of time as opposed to a stated dollar limit), you must initial the ‘Yes – Time Element ALE’ box below.

  • Time Element: 1% of 12 months gross earnings at location, per occurrence c.

  • If your Company writes Covered Policies that provide ALE coverage on a time element basis (i.e., coverage is based on a specific period of time as opposed to a stated dollar limit), you must initial the 'Yes - Time Element ALE' box below.

  • Subject to the other terms, conditions and exclusions contained in this Contract, this Contract will cover physical damage to property insured under the original policies and any Time Element Loss directly resulting therefrom where such physical damage is directly occasioned by any of the following perils: fire, lightning, explosion, aircraft or vehicle impact, falling objects, windstorm, hail, tornado, cyclone, hurricane, earthquake, volcano, tsunami, flood, freeze or weight of snow Definitions 3.

  • If your Company does not write time element ALE coverage, initial 'No - Time Element ALE' box below.

  • The interruption in utility service must result from direct physical loss or damage by a Covered Cause of Loss to the utility service located outside of a covered building at a described premises in the Declarations.This Supplemental Coverage Utility Services – Time Element does not apply to Business Income and/or Extra Expense related to interruption in utility service which causes loss or damage to Electronic Data, including its destruction or corruption.

  • If your Company writes Covered Policies that provide ALE coverage on a time element basis (i.e. coverage is based on a specific period of time as opposed to a stated dollar limit), you must initial the ‘Yes – Time Element ALE’ box below.

  • This Monthly Limitation of Indemnity is payable for each period of 30 consecutive days after the beginning of the Period of Interruption and is calculated by multiplying the scheduled Time Element value by the fraction shown elsewhere.

  • This Monthly Limitation Of Indemnity shall apply to all Time Element coverages, except those that have a sublimit.

Related to Time Element

  • Cloud Service means any distinct, subscription-based, hosted, supported and operated on-demand solution provided by SAP under an Order Form.

  • Planned Service Interruption means a Service Interruption that has been scheduled to occur in accordance with Schedule 5;

  • Area network means a type of electric distribution system served by multiple transformers interconnected in an electrical network circuit, which is generally used in large metropolitan areas that are densely populated, in order to provide highly reliable service. Area network has the same meaning as the term "distribution secondary grid network" found in institute of electrical and electronics engineers (IEEE) standard 1547 sub clause 4.1.4.

  • Installation Services means all those services ancillary to the supply of the Plant and Equipment for the Facilities, to be provided by the Contractor under the Contract; e.g., transportation and provision of marine or other similar insurance, inspection, expediting, site preparation works (including the provision and use of Contractor’s Equipment and the supply of all construction materials required), installation, testing, pre-commissioning, commissioning, operations, maintenance, the provision of operations and maintenance manuals, training, etc.

  • Construction Services means either of the following for construction-manager-at-risk, design-build and job-order-contracting project delivery methods: