Income loss definition

Income loss means an amount equal to:
Income loss means financial loss, which an Insured sustains, as determined in accordance with the provisions of Coverage 5.b. or Coverage 7.
Income loss means eighty (80%) percent of gross income actually lost by an insured.Income loss also means reasonable expenses actually incurred for hiring:

Examples of Income loss in a sentence

  • Any non-cash asset distributed to one or more Members will first be valued by the Manager at its Fair Market Value to determine the Net Income, Loss and special allocations that would have resulted if that asset had been sold for that value, which amounts will be allocated pursuant to Article VI, and the Members' Capital Accounts will be adjusted to reflect those allocations.

  • Any non-cash asset distributed to one or more Members shall first be valued by the Manager at its Fair Market Value to determine the Net Income, Loss and special allocations that would have resulted if that asset had been sold for that value, which amounts shall be allocated pursuant to Article VI, and the Members’ Capital Accounts shall be adjusted to reflect those allocations.

  • Second Priority The Medical Expense and Income Loss Benefits Coverage of the operator of the “motor vehicle” the “insured” was “occupying” at the time of the accident.

  • Third Priority The Medical Expense and Income Loss Benefits Coverage of the “insured”.

  • If, after submission of the Proof of Loss, the Insurer and Insured do not agree on the amount of Income Loss, each party will select an appraiser.


More Definitions of Income loss

Income loss in relation to a Mortgage Loan, means on the Liquidation Date for that Mortgage Loan, the aggregate of:
Income loss means loss of revenue of the Named Insured and/or any Subsidiaries minus all costs saved.
Income loss for any accounting period shall mean the amount for such accounting period disclosed with the caption “Net Income (Loss)” or its equivalent, on the Covered Businesses’ combined statement of income (or combined statement of operations, as applicable) prepared in accordance with GAAP. For avoidance of doubt, such amount is meant to reflect the Covered Businesses’ combined income or loss for such accounting period after income tax, but before (a) net income (or loss) attributable to Bluegreen Communities; and (b) net income (or loss) attributable to non-controlling interest.
Income loss means financial loss you sustain, as determined in accordance with the provisions of Coverage Agreement E(2) or Coverage Agreement G.
Income loss means both:
Income loss means pretax net profit the Insured Organisation did not earn, or net loss the Insured Organisation incurred, because of a First Party Event. Continuing normal and necessary operating expenses and payroll are part of the pretax net profit or net loss calculation. Income Loss does not include:
Income loss means eighty (80%) percent of gross income actually lost by an insured.