INTERDEPENDENCY CLAUSE Sample Clauses
An interdependency clause establishes that the obligations or performance under one contract or agreement are directly linked to those of another related contract. In practice, this means that the fulfillment, delay, or breach of one agreement can impact the rights and duties under the other, such as in large projects where multiple contracts for different phases or components are interconnected. The core function of this clause is to ensure coordination and manage risk across related agreements, preventing gaps or conflicts that could arise if the contracts were treated as entirely independent.
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INTERDEPENDENCY CLAUSE. It is hereby expressly declared and agreed that if damage to any of the joint Insured’s premises/property should result in another of the Insured suffering a reduction in turnover or increase in cost of working then such loss is deemed to be covered by this Policy notwithstanding that no material damage was sustained by the latter premises/property.
INTERDEPENDENCY CLAUSE. Time Element coverage is extended to include loss resulting to an Insured Location from interruption of or interference with the business of any company forming part of the Insured’s group of companies insured herein as a result of direct physical loss or physical damage by an Insured Event at the premises of any other group company.