Increased Cost of Working definition

Increased Cost of Working meansyour reasonable sums necessarily incurred in addition to your normal operating expenses to mitigate an interruption to and continue your business operations, provided that the costs are less than your expected direct loss of profits sustained had these measures not been taken.
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Increased Cost of Working means the additional expenditure necessarily and reasonably incurred for the sole purpose of avoiding or diminishing Loss of Net Revenue which but for such expenditure would have taken place during the Indemnity Period but not exceeding the Loss of Net Revenue thereby avoided.
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Increased Cost of Working means the additional expenditure necessarily and reasonably incurred for the sole purpose of avoiding or diminishing the: ▪ reduction in turnover, if gross profit is shown as the Basis of Settlement in the Schedule; or ▪ reduction in gross revenue, if gross revenue is shown as the Basis of Settlement in the Schedule; ▪ reduction in rent receivable, if rent receivable is the applicable Basis of Settlement; ▪ increase in research and development expenditure, and which, but for that expenditure, would have taken place during the indemnity period. Indemnity Period means the period beginning with the occurrence and ending not later than the Maximum Indemnity Period or that Indemnity Period more specifically set out in the Schedule thereafter during which the results of the Insured’s business shall be affected in consequence of the damage.
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Examples of Increased Cost of Working in a sentence

  • Business Interruption (Consequential Loss) – Additional Increased Cost of Working The increased costs incurred to avoid or reduce a loss of revenue following an insured business operation.

  • This includes: Public and Products Liability Insurance Level of Cover £ [10] Million Employer’s Liability Insurance Level of Cover £ [10] Million Professional Indemnity Insurance Level of Cover £ [10] Million In addition, the supplier will be expected to insure against all risks of material damage for the replacement value of plant and associated Increased Cost of Working (ICOW) risks – to include temporary energy supply provision.

  • Gross Revenue insures the total turnover without deductions and Increased Cost of Working is based on projected additional costs of temporary relocation and other forecast additional costs.

  • Several types of cover exist; Gross Profit basis (usual for manufacturers, retailers etc); Gross Revenue basis (normally for consultants, professions); and Increased Cost of Working 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.

Related to Increased Cost of Working

  • Cost of work , in table above, shall mean the agreement amount of the work.

  • Increased Cost has the meaning specified in Section 3.01.

  • Increased Cost of Hedging means that the Issuer would incur a materially increased (as compared with circumstances existing on the First Trading Date) amount of tax, duty, expense or fee (other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any such materially increased amount that is incurred solely due to the deterioration of the creditworthiness of the Issuer shall not be deemed an Increased Cost of Hedging.

  • Increased Costs Any amounts required to be paid by the Borrower to an Indemnified Party pursuant to Section 2.12.

  • Increased Cost Lender as defined in Section 2.23.

  • Increased-Cost Lenders as defined in Section 2.23.

  • Cost of Services is FASC’s total Operating Costs incurred in providing the applicable Category of Services during the month to all investment advisers for which FASC provides that Category of Services. “Adviser’s Assets under Management” is the total average assets under management for the month for all Accounts or portions thereof for which the Adviser acts as investment adviser or subadvisor and which utilize the Category of Services.

  • Type of Work means (insert the type of work you expect to supply the Agency Worker into);

  • SOW means the document specifying, without limitation, the scope, objective, and time frame of the Work that Supplier will perform for Cisco.

  • Increased Cost of Stock Borrow means that the Issuer and/or any of its Affiliates would incur a rate to borrow Shares that is greater than the Initial Stock Loan Rate.

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Cost of the Work means costs necessarily incurred by the Construction Manager in the proper performance of the Work. Such costs shall be at rates not higher than those customarily paid at the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items set forth in this Article 6.

  • Statement of Work means the description of activities performed in completing the Project, as specified in the Contract and as may be amended.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Manufacturing Cost means [***].

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Bondable stranded costs rate order means one or more

  • Associated Costs means, in respect of each Preference Share, an amount (subject to a minimum of zero) equal to its pro rata share (calculated on the basis of the proportion of the aggregate number of Preference Shares outstanding as at the Early Preference Share Valuation Date) as determined by the Calculation Agent of:

  • Approved costs means the eligible costs or expenditures2 as approved by the Provider, and as defined in the Agreement or Decision on Grant Funding to carry out the Grant Project.

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Work Order means an individually negotiated document that is executed by both Parties and which authorizes a Project, if any, in an indefinite quantity Contract.

  • Increased Costs of Hedging means that the Issuer has to pay a substantially higher amount of taxes, duties, expenditures and fees (with the exception of broker fees) compared to the First Trade Date in order to

  • Generator Planned Outage means the scheduled removal from service, in whole or in part, of a generating unit for inspection, maintenance or repair with the approval of the Office of the Interconnection in accordance with the PJM Manuals.

  • Total Contract Price/Project Cost/TCO means the price payable to Service Provider over the entire period of Contract for the full and proper performance of its contractual obligations.

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.