In the event of Damage occurring at the Premises before the completion of the first year’s trading of the Business the terms “Rate of Gross Profit”, “Standard Turnover” and “Rate of Pay-Roll” shall bear the following meanings and not as within stated :
Rate of Gross Profit : The rate of ) to which such adjustments
Gross Profit earned on the Turnover during ) shall be made as may be
the period between the date of the ) necessary to provide for the
commencement of the Business and the date of ) trend of the business and
the damage ) for variations in or other
Standard Turnover : the proportional equivalent, ) circumstances affecting the
for a period equal to the Indemnity Period, ) business either before or
for the Turnover realized during the period ) after the damage or which
between the commencement of the Business and ) would have affected the
the date of the Damage nearly as may be ) business had the damage not
reasonably ) occurred so that the figures
Rate of Pay-Roll : the rate of Pay-Roll to ) adjusted shall represent as
Turnover during the period between the date of ) nearly as may be practicable
the commencement of the Business and the date ) the results which but for the
of the Damage. ) damage would have been
) obtained during the relative
) period after the damage.
