Business Interruption Costs definition

Business Interruption Costs means the total sum of the following:
Sample 1Sample 2Sample 3
Business Interruption Costs means the sum of the following:
Sample 1Sample 2Sample 3
Business Interruption Costs do not include:
Sample 1

Examples of Business Interruption Costs in a sentence

  • In that event, coverage under this Policy will continue until the end of the Period of Insurance, but only with respect to Cyber Event Costs, Cyber Business Interruption Costs, Cyber Claims and/or Media Claims arising from acts, events or incidents occurring prior to the merger or acquisition.

  • Timely notification allows Keystone the opportunity to appoint suitably qualified professionals to provide the Insured with Cyber Emergency Services and assistance in a timely fashion, potentially mitigating the Insured’s Cyber Event Costs, Cyber Business Interruption Costs, Cyber Loss, and/or Media Loss.

  • The following are conditions precedent to the payment by Keystone of any Cyber Business Interruption Costs.

  • The Underwriters shall reimburse the Named Insured the actual Business Interruption Costs incurred by the Named Insured during the Period of Restoration due to a Network Attack commencing during the Policy Period and reported to the Underwriters in accordance with the terms of this Policy.

  • By way of example only, the following may constitute Eligible Expenses: Business Interruption Costs include support to cover general operating expenses related directly to required closures due to COVID-19 such as utilities, security, rent or mortgage payments, and personnel costs.

  • What that clause is making clear is that if there is a claim for both Material Damage Costs and Expenses and Business Interruption Costs and Expenses where the material damage and the business interruption arise from, are attributable to or are in connection with the same ‘single occurrence’, then the limit for both combined will be £75,000.

  • The Claimant has also suffered Business Interruption Costs and Expenses, as defined under the Policy, including AICW, Claims Preparation Costs (for which the Defendant’s consent was sought and granted), and Public Relations Crisis Management, all as defined.

  • The Insurer shall reimburse an Insured for Business Interruption Costs incurred during the Period of Restoration due to a System Disruption commencing during the Policy Period and reported to the Insurer in accordance with the terms of this Policy.

  • The Insurer shall reimburse an Insured for Business Interruption Costs incurred during the Period of Restoration due to a Third Party System Disruption commencing during the Policy Period and reported to the Insurer in accordance with the terms of this Policy.

  • Zurich’s argument against this is that the Schedule states that ‘The maximum recoverable under Material Damage Costs & Expenses and Business Interruption Costs & Expenses combined will not exceed GBP 75,000.’ This, it is said, indicates that the £75,000 must be an aggregate limit because it is not confined to BIL.


More Definitions of Business Interruption Costs

Business Interruption Costs means the total sum of Extra Expense and Business Income Loss. Business Interruption Costs does not include:
Sample 1
Business Interruption Costs means where there is a loss of access to or use of an affected production unit or facility for a period in excess of five (5) days, the costs
Sample 1

Related to Business Interruption Costs

  • Service Interruption means the cessation of electricity supply to an ICP for a period of 1 minute or longer, other than by reason of De-energisation of that ICP:

  • Planned Service Interruption means a Service Interruption that has been scheduled to occur in accordance with schedule 5;

  • Unplanned Service Interruption means any Service Interruption where events or circumstances prevent the timely communication of prior warning or notice to the Trader or any affected Customer;

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code Part 7000.

  • Interruption means a reduction in non-firm transmission service due to economic reasons pursuant to Tariff, Part II, section 14.7.

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Basic generation service transition costs means the amount by

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Services Interruption Event means any interruption to a Works caused by; a Force Majeure Event, the Customer’s failure to carry out or perform any obligation required of it under this agreement which in the sole opinion of the Company does or may cause a delay in the Works and any other matter which in the reasonable opinion of the Company will cause an interruption or delay in the performance of the Works;

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Electrical Losses means all electrical losses associated with the transmission of Product to the Delivery Point, including if applicable, but not limited to, any transmission or transformation losses between the CAISO revenue meter and the Delivery Point.

  • Interruption of irradiation means the stopping of irradiation with the possibility of continuing irradiation without resetting of operating conditions at the control panel.

  • Environmental Costs and Liabilities means any and all losses, liabilities, obligations, damages, fines, penalties, judgments, actions, claims, costs and expenses (including, without limitation, fees, disbursements and expenses of legal counsel, experts, engineers and consultants and the costs of investigation and feasibility studies and remedial activities) arising from or under any Environmental Law or order or contract with any Governmental Authority or any other Person.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Direct Costs means the sum of the following:

  • Direct Damage has the meaning given to it in clause 26.2;

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Special Damages shall have the meaning as set forth in Section 5.07.

  • Consequential Loss means loss of profits, anticipated loss of profit or revenue, loss of production, loss of business opportunity, loss of or damage to goodwill or reputation, loss of use or any other similar loss, but excludes:

  • Environmental Damage means any injury or damage to persons, living organisms or property (including offence to man’s senses) or any pollution or impairment of the environment resulting from the discharge, emission, escape or migration of any substance, energy, noise or vibration;

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Utility Costs means utility and home energy costs related to the occupancy of rental property (e.g. electricity, gas, water and sewer, trash removal, and energy costs (such as fuel oil)) that are separately-stated charges. Utility Costs do not include telecommunication services (e.g. telephone, cable, and internet services).

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.