Network Loss definition

Network Loss. Means the reduction in net profit earned by the Company in the period from the expiration of the Waiting Hours Period until service is restored (but in any event no later than 120 days after the commencement of the Material Interruption) that, but for the Material Interruption, the Company would have earned (and which is attributable to a Loss of revenue) before payment of income taxes and after accounting for savings and reasonable mitigation.Network Loss in this context excludes Losses arising from Claims made by Third Parties for whatever reason but not a reduction in revenue by virtue of a contractual reduction in payments for the service or service credits paid by the Insured.
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Network Loss means the following costs incurred within 120 days from the
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Network Loss means a loss of energy as it is transferred through the transmission and distribution system mainly in the form of heat.
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Examples of Network Loss in a sentence

  • Any appraisal of Network Loss shall be calculated in accordance with all terms, conditions and exclusions of this policy.

  • Network Loss calculations shall not include, and this policy shall not cover, net income that would likely have been earned as a result of an increase in volume of business due to favourable business conditions caused by the impact of security failures on other businesses.

  • Network Loss shall be reduced by any amounts recovered by an Insured (including, without limitation, the value of any service credits provided to an Insured) from any third party (including, without limitation, any Outsource Service Provider) in connection with or as a result of a System Failure or Security Failure.

  • If the Company and the Insurer disagree on the extent of Network Loss, either may make a written demand for an appraisal of such Network Loss.

  • Network Loss includes continuing normal operating expenses incurred (including payroll) and additional expenditure incurred for the purpose of minimizing the Material Interruption.

  • In determining the Network Loss for the purpose of ascertaining amount payable under this Network Interruption, due consideration shall be given to the prior experience of the Company’s business before the beginning of the Security Failure or System Failure and to the probable business an Insured could have performed had no Security Failure or System Failure occurred.

  • Outsource Service Provider means an entity not owned, operated or controlled by an Insured that such Insured depends on to conduct its business Waiting Hours Period Means the number of hours set forth in item 7 of the Schedule that must elapse once a Material Interruption has begun before a Network Loss can begin to be incurred.

  • F.6 Appraisal If the Company and the Insurer disagree on the extent of Network Loss, either may make a written demand for an appraisal of such Network Loss.

  • F.4 Notice In addition to the requirements to give notice under this policy, and before coverage will apply, each Insured must also:(i) complete and sign a written, detailed and affirmed proof of loss within ninety (90) days after the discovery of any Network Loss (unless this period is otherwise extended in writing by the Insurer) which will detail a full description of the Network Loss and the circumstances of such Network Loss.

  • In determining the Network Loss for the purpose of ascertaining the amount payable under this Network Interruption Extension, due consideration shall be given to the prior experience of the Company’s business before the beginning of the Security Failure and to the probable business an Insured could have performed had no Security Failure occurred.


More Definitions of Network Loss

Network Loss means the following costs incurred within 120 days from the commencement of a Material Interruption:
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Related to Network Loss

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,

  • Network Load means the load that a Network Customer designates for Network Integration Transmission Service under Tariff, Part III. The Network Customer’s Network Load shall include all load (including losses) served by the output of any Network Resources designated by the Network Customer. A Network Customer may elect to designate less than its total load as Network Load but may not designate only part of the load at a discrete Point of Delivery. Where an Eligible Customer has elected not to designate a particular load at discrete points of delivery as Network Load, the Eligible Customer is responsible for making separate arrangements under Tariff, Part II for any Point-To-Point Transmission Service that may be necessary for such non-designated load.

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • Network Element is As Defined in the Act.

  • Network User means each natural or legal person having concluded a Standard Transmission Agreement with the TSO for Transmission Services in the Transmission Grid.

  • Network Upgrades means modifications or additions to transmission-related facilities that are integrated with and support the Transmission Provider’s overall Transmission System for the general benefit of all users of such Transmission System. Network Upgrades shall include:

  • Network means the participating providers described in the Provider Directory.

  • Direct Loss means charges actually paid pursuant to this Agreement in respect of the period of the Delay. For the purposes of clause 13.4, the User's losses arising out of a Delay will be taken to include the amount of the relevant Direct Losses.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Packet Loss means the difference between the number of service frames transmitted at the ingress UNI and the total number of service frames received at the egress UNI. Packet Loss may also be referred to as Frame Loss.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • 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;

  • Outage has the meaning set forth in the CAISO Tariff.

  • Satellite means any satellite owned by the Issuer or any of its Restricted Subsidiaries and any satellite purchased by the Issuer or any of its Restricted Subsidiaries pursuant to the terms of a Satellite Purchase Agreement, whether such satellite is in the process of manufacture, has been delivered for launch or is in orbit (whether or not in operational service).

  • Network Service User means an entity using Network Transmission Service.

  • 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;

  • Prepaid wireless telecommunications service means a wireless communications service that provides the right to utilize mobile wireless service as well as other nontelecommunications services, including the download of digital products delivered electronically, content and ancillary services, which must be paid for in advance, and that is sold in predetermined units or dollars of which the amount declines with use in a known amount.

  • Economic loss means any of the following types of pecuniary harm:

  • Network Operator means the network operator who operates the wireless network of networks to which the SIM Cards are connected.

  • BT Network means the communications network owned or leased by BT and used to provide the Service.

  • Merchant Network Upgrades means additions to, or modifications or replacements of, physical facilities of the Interconnected Transmission Owner that, on the date of the pertinent Transmission Interconnection Customer’s Upgrade Request, are part of the Transmission System or are included in the Regional Transmission Expansion Plan. Merchant Transmission Facilities:

  • Simulated Loss means the excess, if any, of the Carrying Value of an oil or gas property (as defined in Section 614 of the Code) over the amount realized from the sale or other disposition of such property and determined pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(k)(2).

  • Core Network means the transport infrastructure identified in accordance with Chapter III of Regulation (EU) No 1315/2013;

  • End Office Switches (“EOs”) are switches from which end user Telephone Exchange Services are directly connected and offered.

  • Electrical Losses means all applicable losses, including the following: (a) any transmission or transformation losses between the CAISO revenue meter(s) and the Delivery Point; and

  • Downtime means the Total Minutes in the Month during which the Cloud Service (or Servers for Server Provisioning) does not respond to a request from SAP’s Point of Demarcation for the data center providing the Cloud Service (or Server for Server Provisioning), excluding Excluded Downtime.