Loss of Profit definition

Loss of Profit. Means the profits the Rental Company failed to obtain with the rental vehicle by virtue of conducts of the Client, his or her Representative or Additional Driver, including theft, stealing, Accident, calculated based on the price of the daily tariff engaged. Such amounts shall be charged in case the respective protection has not been engaged or in cases of loss thereof.
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Loss of Profit means reduced profits (other than the Overcharge and Financing Losses / Interest) caused by the Infringement.
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Loss of Profit means the amount reasonably certified by the Seller's accountants as being the loss of profit suffered by the Seller as a consequence of the Seller’s inability to sell any part of Oceana Beachmere due to the Buyer’s non-compliance with the Building Covenants;
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Examples of Loss of Profit in a sentence

  • If the Bank shall determine that there is no such Loss of Profit or that the Bank shall actually gain from any such prepayment, then the Borrower shall not be required to pay any such additional amount for Loss of profit and shall not be entitled to receive any amount from the Bank.

  • For the purposes hereof, the Loss of Profit shall mean the difference between (i) the whole of the amounts which the Bank would have earned on the prepaid amounts (had such prepayment not have been effected) by way of linkage to the Index and interest in accordance with the provisions hereof from the date of prepayment and until the agreed date of repayment as stipulated in Clause 6.01 and (ii) the Bond Rate relevant on the date of such prepayment.

  • The purpose of the insurance is to secure the result of the insured business activity if and when a property damage causes a Loss of Profit (see article 7.1), subject however to the terms and conditions stipulated herein (TK01), in the general terms and conditions (ÜL) and in any special terms and conditions stated in the policy.

  • Neither Party shall be liable to the other for any consequential, incidental, indirect, punitive or special damages of any kind (including but not limited to Loss of Profit and / or actual loss / damages) arising out of or in relation to this Agreement.

  • Loans granted in NIS on the Fixed Linked Rate basis may be converted to Authorised Currency or to Bond Rate basis subject to payment of Loss of Profit pursuant to section 6(c) below.

  • The amount so calculated by the Bank and informed to the Borrower shall be deemed the actual Loss of Profit and shall be binding on the Borrower, except only for manifest error.

  • The Bank shall calculate the amount of the Loss of Profit and shall give the Borrower notice of such amount not later than 7 (seven) days before the date of prepayment.

  • Also, there will be no for Pure Economic loss, Loss of Profit, Loss of Revenue, Loss of Goodwill & Loss of business reputation.

  • The Machinery Loss of Profit cover is optional and can be included by deleting Special Exclusions 4, and 7 to Section B.2.2 of Property All Risk Insurance Policy.

  • In the coverage for Fire/Lightning and Loss of Profit (all events), the Insurer will be liable for damage covered up to the maximum indemnity limit specified in the policy, provided the value at risk declared in the policy is equal or higher than 80% (eighty percent) of the value at risk calculated at the time of loss.

Related to Loss of Profit

  • Consequential Loss means indirect or consequential loss or damage such as, but not limited to, loss of contract, bargain, expectation, opportunity, profit, production, revenue, anticipated cost reduction or interest payable howsoever caused, arising out of or in connection with this Contract.

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • 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;

  • Loss of Use means the total and irrecoverable loss of function of an arm, hand, foot, leg or thumb and index finger of the same hand provided such loss of function is continuous for 12 consecutive months and such loss of function is thereafter determined on evidence satisfactory to Chubb Life to be permanent.