Lost Profit definition

Lost Profit has the meaning set forth in Section 2.6.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Lost Profit means the accumulated Profit for all quantities of Product affected by the Failure to Supply.

Lost Profit means the Price, minus any amounts already paid by the Customer to Supplier, minus the total costs that would have been incurred by Supplier and its Affiliates in manufacturing, delivering and installing the Deliverables at the Site or performing the Services and which Supplier and its Affiliates can reasonably avoid.

Examples of Lost Profit in a sentence

Indirect Cost backcharges originate from Whole Cost or Premium Cost backcharges and include Lost Revenue, Lost Profit, Lost Rental Value, Delays, Disruptions, Time Extensions, Acceleration, Escalation on Material, Storage Costs, Interests, Additional Administrative Costs, Overhead, and any other indirect costs that result from an error or omission.
Contemporaneously with the demand for such Lost Profit Sum, this Lease shall be deemed terminated and Tenant shall immediately quit and surrender to Landlord the Premises in accordance with (d) below.
The amount of Losses and Lost Profit Losses incurred by a party seeking indemnification hereunder shall be calculated after taking into account insurance proceeds and other third party recoveries by, and tax costs and benefits to, such party.
If after fifteen (15) business days the Parties are unable to resolve their dispute, Seller may institute suit for the collection of the remaining unpaid amount of the total Estimated Lost Profit Amount.
If no objection is made within the Objection Period, Seller shall be deemed to have accepted the calculation of the Estimated Lost Profit Amount.
The sum set forth above as aforesaid shall be discounted to present value at the then Prime Rate (the "Lost Profit Sum").
The sum set forth above as aforesaid shall be discounted to present value at the lower of (a) the Prime Rate in effect on the date of such termination; or (b) six percent (6%) (the "Lost Profit Sum").
If Seller does timely object to the calculation of the Estimated Lost Profit amount, as permitted above, Seller shall, within seven (7) business days after expiration of the Objection Period, pay to Buyer the amount not in dispute and the Parties shall use their good faith efforts to resolve their dispute.
To the extent the Holdback remaining at such time is less than the amount owed by Seller under this Section 6, Seller shall pay to Buyer within seven (7) business days after the expiration of the Objection Period, the excess of the total of the Estimated Lost Profit Amount set forth in the Buyer's notice.
If no objection is made within the Objection Period, Seller shall be deemed to have accepted the calculation of the Estimated Lost Profit amount.

More Definitions of Lost Profit

Lost Profit means the[†].

Lost Profit means profit that a private proponent should have received if the risk did not occur. This can be calculated from the financial model of the future cash flow projection of a private proponent.