Additional Expenditure definition
Examples of Additional Expenditure in a sentence
Additional Expenditure The additional expenditure necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the Shortage in Turnover which would have occurred but for that expenditure during the Indemnity Period (Loss of Liquor Insurance) in consequence of the loss of the Premises Licence but not exceeding the amount of the reduction in Gross Profit thereby avoided.
The insurance under this Memorandum shall be the Additional Expenditure (in excess of the amount payable under paragraph B.
For the avoidance of doubt, after notice is provided by NYSEG, the major turbine generator overhaul of RSS Unit 2 is not an Additional Expenditure.
Additional Expenditure: Any unforeseen expenditure above £5,000 and not listed in the budget forecast will be authorised by the MAC prior to committing funds/liabilities being incurred.