Business Personal Property. We will cover property damage to business personal property owned or used by you or a listed driver up to $1,000, resulting in a covered loss caused by collision or any direct, sudden and accidental loss other than collision.
Business Personal Property. Off Premises -- "We" pay for loss or damage to covered Business Personal Property while temporarily at locations that "you" do not own, control, rent, or lease. This coverage includes property while in transit.
a. We" only cover loss at such locations within the "basic territory".
b. We" do not cover loss to accounts receivable or "valuable papers and records".
Business Personal Property. We" pay for loss or damage to Business Personal Property:
a. at each location "you" acquire;
Business Personal Property and Loss of Income Insurance: Tenant shall, if applicable, maintain business personal property insurance to pay for damage to or destruction of the Tenant's property from damage to or destruction of the Premises. Such insurance shall insure against losses on an "all-risk" type policy to the extent of at least one hundred percent (100%) of the full replacement value of business personal property.
Business Personal Property. (a) Except as set forth in Schedule 3.8, the Business Personal Property of Sellers and the Transferred Entities has been maintained in all material respects in accordance with normal industry practice and is in good operating condition and repair in all material respects, normal wear and tear excepted.
(b) At the Closing, in respect of Business Personal Property, subject to Section 1.5, Sellers shall convey to Purchaser good and marketable title or its equivalent to, or a valid leasehold interest in or right to use, the Business Personal Property free and clear of all Encumbrances (other than Permitted Encumbrances).
Business Personal Property. Insurance - Business personal property insurance for facilities and equipment in the amount of replacement cost.
Business Personal Property. All business personal property, including computers and electronic data processing equipment, at any location forming part of the Facilities shall be insured using a form at least as broad as the most recent revision of the Property Special Form coverage adopted by the ISO, subject to a reasonable deductible per occurrence and in an amount equal to at least the lesser of the full replacement value of the property insured or the aggregate principal amount of the Outstanding Bonds and Parity Debt. The Office, the Authority and the Trustee shall be loss payees on all policies maintained pursuant to this subdivision.
Business Personal Property. $2,500 on business property. We do not cover any business property:
a. that consists of samples or articles for sale or delivery; or
b. if the property is away from the residence premises.
1. articles separately described and specifically insured by this or other insurance.
2. animals or birds.
3. motor or engine propelled vehicles or machines designed for movement on land, including attached machinery or equipment However, we do cover such vehicles which are not subject to motor vehicle registration and are:
a. devices and equipment for assisting the handicapped.
b. power mowers.
c. golf carts.
d. vehicles or machines used for recreational purposes while located on the residence premises.
e. farm equipment not designed for use principally on public roads.
4. trailers, semi-trailers or mobile homes. However, we do cover:
a. trailers and semi-trailers that are designed for use principally off public roads.
b. boat trailers while on the residence premises.
Business Personal Property. Business property collateral pledged under a UCC filing requires Business Personal Property Insurance (BPP). The Insurer must be licensed and rated pursuant to the Administrative Agent’s requirements as stated in Section 1 above and be in an amount equal to the replacement cost of the business personal property with a replacement cost endorsement. Insurance equal to the principal Loan amount is required when there is no replacement cost endorsement. 17.
Business Personal Property. $2,500 on business 2. LOSS OF USE. If a loss caused by a Peril Insured property. We do not cover any business property:
a. that consists of samples or articles for sale or delivery; or
b. if the property is away from the residence premises.
1. articles separately described and specifically insured by this or other insurance.
2. animals or birds.
3. motor or engine propelled vehicles or machines designed for movement on land, including attached machinery or equipment. However, we do cover such vehicles which are not subject to motor vehicle registration and are:
a. devices and equipment for assisting the handicapped.
b. power mowers.
c. golf carts.
d. vehicles or machines used for recreational Against under Section I makes the residence premises wholly or partially untenantable, we cover:
a. additional living expense, meaning any necessary and reasonable increase in living expense you incur so that your household can maintain its normal standard of living.
b. fair rental value, meaning the fair rental value of that part of the residence premises usually rented to others by you, less any expenses that do not continue. The total limit of liability for all loss of use is 20% of the Coverage B (Personal Property) limit of liability. This is additional insurance and does not reduce the Coverage B (Property) limit of liability. The deductible clause does not apply to loss of use coverage. Payment will be for the reasonable time required to repair or replace the damaged property. If you permanently relocate, payment will be for the reasonable time required for your household to become settled. The periods of time for loss of use are not limited by expiration of this policy.
