CONSEQUENTIAL FINANCIAL Sample Clauses
The "Consequential Financial" clause serves to address the allocation of liability for financial losses that arise as a consequence of a party’s actions or breaches under the contract. Typically, this clause clarifies whether one party is responsible for indirect or consequential financial damages, such as lost profits, loss of business opportunities, or other secondary financial impacts that are not the direct result of a breach. By defining the scope of recoverable financial damages, the clause helps manage risk exposure and provides certainty to both parties regarding the extent of their potential liability.
CONSEQUENTIAL FINANCIAL. LOSS This policy does not insure any kind of consequential financial loss (e.g. financial loss that occurs as a direct or indirect result of the loss of insured property), including the following: 1. delays, 2. loss of market, 3. penalties, 4. rates, taxes, duties, development charges, 5. other charges or assessments arising out of capital appreciation, that are payable to comply with any regulations, 6. loss of use of any property, other than cover provided by: (a) Automatic Policy Extension – H. Expediting Costs Cover, (b) Automatic Policy Extension S: Redundant Foundations, (c) Automatic Policy Extension T: Redundant Plant and Stock.
CONSEQUENTIAL FINANCIAL. LOSS This policy does not insure any kind of consequential financial loss (e.g. financial loss that occurs as a direct or indirect result of the loss of insured property), including the following: 1. delays, 2. loss of market, 3. penalties, 4. rates, taxes, duties, development charges, 5. other charges or assessments arising out of capital appreciation, that are payable to comply with any regulations, 6. loss of use of any property, other than cover provided by: (a) Automatic Policy Extension G. Expediting Costs Cover, (b) Automatic Policy Extension R. Redundant Foundations,