Departmental clause Sample Clauses

Departmental clause. If the business is conducted in departments or branches, the independent trading results of which are ascertainable, the provisions under Items 1 (gross profit) or 2 (revenue) relating to reduction in turnover/ revenue and increase in cost of working, shall apply separately to each department or branch affected by the Damage except that if the sum covered by the relative item is less than the aggregate of the (annual revenue) (sums produced by applying the rate of gross profit) for each department or branch, whether or not affected by the Damage (to the relative annual turnover thereof) (proportionately increased if the number of months referred to in the definition of indemnity period exceeds twelve), the amount payable shall be proportionately reduced. Deposit Contribution clause In consideration of the contribution by Items 1 or 2 being provisional in that it is calculated on 75 percent of the sum covered, the contribution is subject to adjustment on expiry of each period of cover as follows: In the event of the gross profit/revenue earned (proportionately increased if the number of months referred to in the definitions of indemnity period exceeds twelve) during the financial year most nearly concurrent with any period of cover being less or greater than 75 percent of the sum covered thereon, a pro rata return or additional contribution not exceeding 331/3 percent of the provisional contribution paid for such period of cover will be made in respect of the difference. In the event of a claim being made under this section, the amount paid or payable thereon shall be regarded as actually earned. Output (alternative basis) clause At the option of the Participant the term output may be substituted for the term turnover and for the purpose of this section output shall mean the sale or transfer value, as shown in the Participant’s books, of goods manufactured or processed by the Participant at the premises provided that
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Departmental clause. If the business be conducted in departments the independent trading results of which are ascertainable the provisions of Clauses
Departmental clause. If the Insured’s business is conducted in departments the provisions of the Gross Profit Basis of Settlement shall apply separately to each department affected by the damage, provided that the trading results of each department are independent and separately ascertainable.
Departmental clause. If the Business be conducted in departments the independent trading results of which are ascertainable the provisions of Clauses (a) and (b) of Item No. 1 — of Basis of Settlement (Section 2) — may at the option of the Insured apply separately to each department affected by the Damage. Provided that the trading results of all business units within the one Operating Group that are affected by the Damage shall be taken into account for the purpose of adjusting a claim. Where, for the purpose of avoiding or diminishing a reduction in Turnover or Gross Earnings, goods or services are purchased from a party also insured under this Policy, the reasonable full price of such goods or services shall be taken into account for the purpose of adjusting a claim as though the goods or services were purchased from a party not also insured by this Policy. Deterioration of Undamaged Stock This Section is extended to cover loss directly resulting from interruption to or interference with the Business carried on by the Insured at the Premises occasioned by the deterioration of otherwise undamaged stock caused by inability to process or complete any process in consequence of Damage to property used by the Insured at the Premises. Such loss for the purpose of this Policy being deemed to be loss resulting from Damage.

Related to Departmental clause

  • General Clauses 29.1 This Deed of Sale constitutes the entire agreement between the Parties as to the subject matter hereof and no agreement, representation or warranty between the Parties other than those set out herein are binding on the Parties.

  • SPECIAL CLAUSES [No special clauses apply to this grant agreement.] [The following special clauses apply to this grant agreement:]

  • Official Personnel File Only one (1) official personnel file shall be kept for each employee at the appropriate personnel office. Records of previous discipline not found in the official personnel file cannot be used against an employee in any future disciplinary proceeding. Grievances shall not be kept in the employee’s official personnel file. Employees shall be informed as to where their personnel file is maintained.

  • NO EXCLUDED NATION OR TERRORIST ORGANIZATION CERTIFICATION As required by Chapter 2252 of the Texas Government Code the Contractor must certify that it is not a company engaged in active business operations with Sudan, Iran, or a foreign terrorist organization – specifically, any company identified on a list prepared and maintained by the Texas Comptroller under Texas Government Code §§806.051, 807.051, or 2252.153. (A company that the U.S. Government affirmatively declares to be excluded from its federal sanctions regime relating to Sudan, Iran, or any federal sanctions regime relating to a foreign terrorist organization is not subject to the contract prohibition.)

  • Final Clauses 24.1 This Agreement will enter into force upon signature by both Parties and shall remain in force until completion of all obligations of the Parties under this Agreement.

  • Additional Clauses 31.13.1 The Parties expressly agree that if any limitation or provision contained or expressly referred to in this Clause 31 (Indemnities and Liability) is held to be invalid under any Law, it will be deemed omitted to that extent, and if any party becomes liable for loss or damage to which that limitation or provision applied, that liability will be subject to the remaining limitations and provisions set out in this Clause 31 (Indemnities and Liability).

  • Definition of “Knowledge For purposes of the Loan Documents, whenever a representation or warranty is made to Borrower’s knowledge or awareness, to the “best of” Borrower’s knowledge, or with a similar qualification, knowledge or awareness means the actual knowledge, after reasonable investigation, of the Responsible Officers.

  • Prohibition on Use of Public Funds for Political Activity In performing the Services, Contractor shall comply with San Francisco Administrative Code Chapter 12G, which prohibits funds appropriated by the City for this Agreement from being expended to participate in, support, or attempt to influence any political campaign for a candidate or for a ballot measure. Contractor is subject to the enforcement and penalty provisions in Chapter 12G.

  • Definition of Grievance A grievance shall be defined as any difference arising out of the interpretation, application, administration, or alleged violation of the Collective Agreement.

  • Survival Clause It is the intent of the Parties that this Agreement and procurement method applies to any TIPS Sale made during the life of this Agreement even if made on or near the Contract Expiration Date as defined herein. Thus, all TIPS Sales, including but not limited to: leases, service agreements, license agreements, open purchase orders, warranties, and contracts, even if they extend months or years past the TIPS Contract Expiration Date, shall survive the expiration or termination of this Agreement subject to the terms and conditions of the Supplemental Agreement between Customer and Vendor or unless otherwise specified herein.

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