Loss of Profits definition

Loss of Profits means a financial loss caused to the business activity through the interruption of operations or through additional costs incurred for the sole
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Loss of Profits means lost revenue to the Business from a customer contract (net of expenses, including Taxes, that would have been incurred to realize such lost revenue) resulting from the breach of a representation or warranty set forth on Section 4.14 (Material Contracts) or Section 4.23 (Customers and Suppliers) or the giving or the failure to give a notification relating thereto required by Section 6.4(a)(i).
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Loss of Profits means a Financial Loss caused to the business activity through the interruption of operations or through additional costs incurred for the sole purpose of avoiding or minimizing such interruption. Any loss of this type shall be defined and assessed in accordance with these terms and conditions.
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Examples of Loss of Profits in a sentence

  • Upon receipt of Loss of Profits Compensation, LICENSEE shall pay to LICENSOR a reasonable approximation, based upon the amount of Loss of Profits Compensation, as ROYALTY.

  • Lessor shall not be liable for any damages related to Loss of Profits.

  • Any remaining balance of the award after deducting all costs and expenses incurred by LICENSEE in the action as well as Loss of Profits Compensation shall be shared equally between LICENSOR and LICENSEE.

  • Several types of cover exist for Business Interruption cover, which is sometimes referred to as Loss of Profits insurance; • Gross Profit basis (usual for manufacturers, retailers etc); • Gross Revenue basis (normally for consultants, professions); • Increased cost of working (ICOW) basis (for businesses that believe there would be no loss of profit or revenue in the event of a claim, but would need to cover increased trading costs until the claim is settled).

  • Several types of cover exist for Business Interruption cover, which is sometimes referred to as Loss of Profits insurance.

  • Except for the specific elimination of any risk under the Specific Conditions, this cover shall only apply if the Loss of Profits derives from a claim specifically covered and subject to compensation under the present contract, occurring at the place or places mentioned in said Specific Conditions.

  • The Insured shall forthwith with due diligence do and concur in doing and permit to be done all things which may be reasonable practicable to minimize or check any interruptions of or interference with the business to avoid or diminish the Loss of Profits.

  • In no event will either Party or its Affiliates have any Liability arising out of or related to these Terms for any Loss of Profits, Goodwill, Losses of an Indirect, Special, Incidental, Consequential, Business Interruption or Punitive nature whether an action is in Contract or Tort and regardless of the theory of Liability, even if a Party or its Affiliates have been advised of the possibility of such damages or if a Party’s or its Affiliates’ remedy otherwise fails of its essential purposes.

  • SailPoint uses its Affiliates and a range of third party Sub-processors to assist it in providing the Services.

  • Several types of cover exist for Business Interruption cover, which is sometimes referred to as Loss of Profits insurance; Gross Profit basis (usual for manufacturers, retailers etc); Gross Revenue basis (normally for consultants, professions); and Increased cost of working (ICW) basis, for businesses that believe there would be no loss of profit or revenue in the event of a claim, but would need to cover increased trading costs until the claim is settled.