Common use of Business Income Clause in Contracts

Business Income. As an extension of the coverage required under Section 6.02(a)(i), business income insurance including extra expense in an agreed amount equal to 4 months projected loss of net profits, continuing expenses and debt service payments, subject to a maximum deductible of $25,000 and shall contain an agreed amount endorsement waiving any coinsurance penalty;

Appears in 2 contracts

Samples: Loan Agreement (Hemisphere Media Group, Inc.), Loan Agreement (Hemisphere Media Group, Inc.)

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Business Income. As an extension of the coverage required under Section 6.02(a)(i6.07(a)(i), business income insurance including extra expense in an agreed amount equal to 4 six months projected loss of net profitsprofits after accounting for all expenses and debt service, continuing expenses and debt service payments, subject to a maximum deductible of $25,000 and shall contain an agreed amount endorsement waiving any coinsurance penalty;

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ancestry.com Inc.)

Business Income. As an extension of the coverage required under Section 6.02(a)(i)paragraph (a)(i) above, business income insurance including extra expense in an agreed amount equal to 4 six (6) months projected loss of net profits, continuing expenses and debt service payments, subject to a maximum deductible of $25,000 ninety-six (96) hours and shall contain an agreed amount endorsement waiving any coinsurance penalty;.

Appears in 1 contract

Samples: Credit Agreement (Devcon International Corp)

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Business Income. As an extension of the coverage required under Section 6.02(a)(i8.5(a)(i), business income insurance including extra expense in an agreed amount equal to 4 six (6) months projected loss of net profits, continuing expenses and debt service payments, subject to a maximum deductible of $25,000 and shall contain an agreed 57 LOAN AND SECURITY AGREEMENT amount endorsement waiving any coinsurance co-insurance penalty, and a “no terrorism exclusion” clause;

Appears in 1 contract

Samples: Loan and Security Agreement (Telx Group, Inc.)

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