Contract Loss definition

Contract Loss means a Loss resulting from the cost of performance of a Contract exceeding the revenue derived from such Contract.

Contract Loss means, with respect to a Government Contract, the amount equal to (i) direct costs and fringe costs and expenses (excluding overhead and general and administrative costs and expenses) less (ii) revenue (including in all cases the application of all customer credits, incentive programs and/or incentive payments).

Contract Loss means, for each Contract Year, the product of the volume of Commodities received into Dedicated Storage expressed in Gross Standard Volume and point **********.

Examples of Contract Loss in a sentence

• We are never liable to you for, and you release us from any Claim for, any Contract Loss.

• The aggregate limitation of liability cap in above Subsection (b) (Limitation of Liability) is increased to 2 times the maximum aggregate contract price for liabilities arising from: (i) Contractor’s obligation to indemnify under Section 32 of this Contract; (ii) Contractor’s breach of Section 37.e of this Contract (Loss or Compromise of State Data; and (iii) either party’s gross negligence, fraud or willful misconduct.

• If asked to make a determination of whether an absence was foreseeable, the Commission will consider foreseeability from both the subjective perspective of the Covered Employee and the objective perspective of whether another reasonable person under the same circumstances would have foreseen the absence.

• In case of Contract Loss Insurer provides Insured copy of the Contract within 2 business days and the lost copy of the Contract is considered invalid and no insurance indemnity is made by it.

• Example of a diagram used in the RFP (redrawn) A sample text is the following.

More Definitions of Contract Loss

Contract Loss means all losses, including but not limited to funding costs and loss of bargain suffered by the Bank, upon termination of any Foreign Exchange Contract.

Contract Loss means a Loss resulting from the cost of performance of a Contract exceeding the revenue derived from such Contract. “Dispute” is defined in Section 11.7.

Contract Loss means a loss under any contract of the Borrower or any Subsidiary in which the stated contract amount is USD 10,000,000 or greater, such loss being measured at the time the Borrower or such Subsidiary becomes aware that it must recognize a contract loss in respect of such contract in accordance with GAAP."

Contract Loss means the difference between the price per gallon for heating fuel as set in a heating fuel contract and the average price of heating fuel actually delivered to the person pursuant to a heating fuel contract if the average price of the heating fuel decreases to a lesser price after the parties have entered into the heating fuel contract.

Contract Loss shall have the meaning set forth in Section 16(d).

Contract Loss has the meaning assigned to such term in Section 5.20(h).

Contract Loss means a circumstance in which the amount equal to (i) contract revenue (including in all cases the application of all customer credits, incentive programs and/or incentive payments) less (ii) direct contract costs and fringe costs and expenses (including overhead and general and administrative costs and other allocable indirect expenses) is anticipated to be negative. “COVID-19” means both the viral pneumonia named coronavirus disease 2019 (COVID- 19) by the World Health Organization and the virus named Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) by the International Committee on Taxonomy of Viruses, and any mutations, evolutions or variances thereof. “COVID-19 Effect” means any (a) required or recommended quarantines, travel restrictions, or social distancing, in each case, issued by a Governmental Authority of competent jurisdiction or (b) factory shutdowns or slowdowns, workplace, school or worksite shutdowns or