Examples of Shortage in Turnover in a sentence
During the portion of the Indemnity Period beginning with the occurrence of the Damage and ending not later than the number of weeks thereafter specified in the Schedule: The sum produced by applying the Rate of Pay-Roll to the Shortage in Turnover during the said portion of the Indemnity Period, less any saving during the said portion of the Indemnity Period, through reduction in consequence of the Damage in the amount of Pay-Roll paid.
Shortage in Turnover The amount by which the Turnover during the Indemnity Period (Loss of Liquor Licence Insurance) shall in consequence of the forfeiture, suspension or withdrawal of the Premises Licence fall short of the Turnover which but for the loss of licence would have been achieved during the Indemnity Period (Loss of Liquor Licence Insurance).
Shortage in turnover Shortage in Turnover means the amount by which the Turnover during a period shall, in consequence of the Breakdown, fall short of the part of the Standard Turnover which relates to that period.
Additional Expenditure The additional expenditure necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the Shortage in Turnover which would have occurred but for that expenditure during the Indemnity Period (Loss of Liquor Licence Insurance) in consequence of the loss of the Premises Licence but not exceeding the amount of the reduction in Gross Profit thereby avoided.
Shortage in Turnover means the amount by which the Turnover during an Indemnity Period, in consequence of the Damage, falls short of the Standard Turnover for that period.
Shortage in Turnover The amount by which the Turnover during a period shall, in consequence of the Damage, fall short of the part of the Standard Turnover which relates to that period.
Accumulated Stocks In adjusting any loss, account shall be taken, and equitable allowance made if any Shortage in Turnover due to the Damage is postponed by reason of the Turnover being temporarily maintained from accumulated stocks of finished goods.
The definition of Shortage in Turnover shall, for the purpose of such claim, read as follows: Shortage in Turnover shall mean:the amount by which the Turnover during a period (less than Turnover for the period of the salvage sale) shall, in consequence of the Damage, fall short of the part of the Standard Turnover which relates to that period, from which shall be deducted the Payroll paid during the period of the salvage sale.
Additional Expenditure The additional expenditure necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the Shortage in Turnover which would have occurred but for that expenditure during the Indemnity Period (Loss of Liquor Insurance) in consequence of the loss of the Premises Licence but not exceeding the amount of the reduction in Gross Profit thereby avoided.
Accumulated stock clausein adjusting any loss, account will be taken, and equitable allowance made, if any Shortage in Turnover or reduction in the Weekly Income due to Damage is postponedby reason of the Turnover or Weekly Income being temporarily maintained from accumulated stocks.