Common use of Effect of Continuing Restrictive Conditions Clause in Contracts

Effect of Continuing Restrictive Conditions. In this Policy, any term that imposes a Continuing Restrictive Condition, including one that is intended to reduce the risk of a particular type of loss, or reduce the risk of loss occurring at a particular time or in a particular location, shall be treated as a suspensive condition. This means that if: (a) you breach any such term; and (b) during the period of breach you suffer a relevant loss; and (c) such breach increased, in the circumstances concerned, the risk of the loss suffered by you, we will have no liability for the loss. A Continuing Restrictive Condition is any condition in this Policy, however expressed, that purports to require you to do, or not to do, a particular act or acts, or requires you to act, or not to act, in a particular manner (and any condition the effect of which is that a given set of circumstances is required to exist or to be maintained or not to exist shall be taken as falling within this definition).

Appears in 5 contracts

Samples: Home Insurance Policy, Home Insurance Policy, Home Insurance Policy

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Effect of Continuing Restrictive Conditions. In this Policy, any term that imposes a Continuing Restrictive Condition, including one that is intended to reduce the risk of a particular type of loss, or reduce the risk of loss occurring at a particular time or in a particular location, shall be treated as a suspensive condition. This means that if: (a) you breach any such term; and (b) during the period of breach you suffer a relevant loss; and (c) such breach increased, in the circumstances concerned, the risk of the loss suffered by you, we will have no liability liabili ty for the loss. A Continuing Restrictive Condition is any condition in this Policy, however expressed, that purports to require you to do, or not to do, a particular act or acts, or requires you to act, or not to act, in a particular manner (and any condition the effect of which is that a given set of circumstances is required to exist or to be maintained or not to exist shall be taken as falling within this definition).

Appears in 2 contracts

Samples: Insurance Policy, Insurance Policy

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