Interruption of business definition

Interruption of business means the period of time that your business is partially or totally suspended and it:
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Interruption of business means, among other things, a slowdown or cessation of the insured’s business:
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Interruption of business means business interruption caused by
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Examples of Interruption of business in a sentence

  • Interruption of business; except to the extent provided by this section.

  • The New Directors are oriented about the Company and its operations through the Company Secretary via the provision of the Company‟s Articles of Association, relevant statutory books and regulations and adequate information on operations.

  • Neither party shall be liable to the other for any loss of profits, loss of use, Interruption of business, or indirect, special, incidental, or consequential damages of any kind in connection with or arising out of the furnishing, performance, or use of the Equipment provided for in this Agreement, whether alleged as a breach of contract or tortuous conduct.

  • Interruption of business activities METRO’s business operations could, for example, be interrupted by a failure of IT systems, natural disasters, pandemics or terrorist attacks.

  • Interruption of business activitiesMETRO faces both significant external cyber-attack threats and internal risks to its data and software systems.

  • Interruption of business caused by an order from a civil authority (“Civil Authority” coverage) (Exhibit A, p.

  • Interruption of business carried on by the insured, or reduction of the scope of business so carried on.2. Incurring unforeseen expense.3. Financial loss of the insured involving neither of the above.

  • Interruption of business could result in increased costs and operational inefficiencies, producing a net reduction in profits to for-hire entities despite a potentially unchanged number of total fishing trips and associated revenue.

  • Interruption of business processes denotes a situation in which the bank is incapable of fulfilling its business obligations for reasons beyond its control, or in cases when the bank is physically damaged or there is damage in its telecommunications, i.e. its IT systems are inaccessible.

  • Examples of disasters include, but are not limited to: o Severe damage from a tornado o Extensive damage from fire or flooding to multiple buildings o Interruption of business due to pandemic illness In many cases there is overlap between a crisis, emergency and disaster depending on the timing and duration of the events.


More Definitions of Interruption of business

Interruption of business means disruption of regular business operations resulting from required or voluntary closure related to COVID-19.
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Related to Interruption of business

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

  • 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:

  • Continuous monitoring means the collection and use of measurement data and other information to record the data inputs required to calculate the 365-day rolling average lifecycle GHG emissions, in accordance with the compliance monitoring plan described in section IV.C.

  • Interruptible Service means service from approved contracts under which Company is not expressly obligated to deliver specific volumes within a given time period, and which anticipates and permits interruption on short notice, or service under approved contracts which expressly or impliedly require installation of alternate fuel capability.

  • Substantial business relationship means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable. A guarantee contract is issued "incident to that relationship" if it arises from and depends on existing economic transactions between the guarantor and the owner or operator.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Relevant Force Majeure Event means a Force Majeure Event in relation to which an Affected Party is claiming relief under this Clause 17; and

  • Substantial disruption means without limitation that any one or more of the following occur as a result of the bullying:

  • Auto business means the business or occupation of selling, repairing, servicing, storing or parking "autos".

  • 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.

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Micro Business means a company which either:

  • Business has the meaning set forth in the Recitals.