Common use of Electronic Equipment Clause in Contracts

Electronic Equipment. The per-claim limit of liability under this Service Agreement for Electronic Equipment is [$1,000]. The maximum limit of liability under this Service Agreement for all claims in any given calendar year for Electronic Equipment after Your coverage start date is [$2,000]. Any repair or replacement charges beyond Your Limit of Liability are Your sole and absolute responsibility. For Electronic Equipment replacement claims only, Your claim will be covered according to the following depreciation schedule. Age of Electronic Equipment will be determined at the sole discretion of the Administrator using available industry/product information or other valid information that helps the Administrator determine age. Age of Electronic Equipment % Paid after Depreciation Less than 1 year 100% Greater than 1 year but less than 2 years 95% Greater than 2 years but less than 3 years 90% Greater than 3 years but less than 4 years 85% Greater than 4 years but less than 5 years 80% Greater than 5 years but less than 6 years 75% Greater than 6 years but less than 7 years 70% Greater than 7 years but less than 8 years 65% Greater than 8 years but less than 9 years 60% Greater than 9 years but less than 10 years 55% Greater than 10 years 50% In no event shall Administrator be liable to customer or any third party for any loss of use, revenue or profit or for any consequential, incidental, indirect, exemplary, special or punitive damages whether arising out of breach of contract, infringement, negligence, strict liability, other tort or otherwise regardless of whether such damage was foreseeable and whether or not such party has been advised of the possibility of such damages and notwithstanding the failure of any agreed or other remedy of its essential purpose. Administrator shall not be responsible for any parts provided by or labor performed by the customer or any third party. Notwithstanding anything herein this Service Agreement to the contrary, coverage under this Service Agreement is excess to any valid warranty, insurance or indemnity benefit available to You. The limits of liability will remain in effect for the calendar year at the single-family residence, condominium or manufactured home covered under this Service Agreement.

Electronic Equipment. The per-claim limit of liability under this Service Agreement for Electronic Equipment is [$1,000]. The maximum limit of liability under this Service Agreement for all claims in any given calendar year for Electronic Equipment after Your coverage start date is [$2,000]. Any repair or replacement charges beyond Your Limit of Liability are Your sole and absolute responsibility. For Electronic Equipment replacement claims only, Your claim will be covered according to the following depreciation schedule. Age of Electronic Equipment will be determined at the sole discretion of the Administrator using available industry/product information or other valid information that helps the Administrator determine age. Age of Electronic Equipment % Paid after Depreciation Less than 1 year 100% Greater than 1 year but less than 2 years 95% Greater than 2 years but less than 3 years 90% Greater than 3 years but less than 4 years 85% Greater than 4 years but less than 5 years 80% Greater than 5 years but less than 6 years 75% Greater than 6 years but less than 7 years 70% Greater than 7 years but less than 8 years 65% Greater than 8 years but less than 9 years 60% Greater than 9 years but less than 10 years 55% Greater than 10 years 50% In no event shall Administrator be liable to customer or any third party for any loss of use, revenue or profit or for any consequential, incidental, indirect, exemplary, special or punitive damages whether arising out of breach of contract, infringement, negligence, strict liability, other tort or otherwise regardless of whether such damage was foreseeable and whether or not such party has been advised of the possibility of such damages and notwithstanding the failure of any agreed or other remedy of its essential purpose. purpose Administrator shall not be responsible for any parts provided by or labor performed by the customer or any third party. Notwithstanding anything herein this Service Agreement to the contrary, coverage under this Service Agreement is excess to any valid warranty, insurance or indemnity benefit available to You. The limits of liability will remain in effect for the calendar year at the single-family residence, condominium or manufactured home covered under this Service Agreement.

Electronic Equipment. The per-claim limit of liability under this Service Agreement for Electronic Equipment is [$1,000]. The maximum limit of liability under this Service Agreement for all claims in any given calendar year for Electronic Equipment after Your coverage start date is [$2,000]. Any repair or replacement charges beyond Your Limit of Liability are Your sole and absolute responsibility. For Electronic Equipment replacement claims only, Your claim will be covered according to the following depreciation schedule. Age of Electronic Equipment will be determined at the sole discretion of the Administrator using available industry/product information or other valid information that helps the Administrator determine age. Age of Electronic Equipment % Paid after Depreciation Less than 1 year 100% Greater than 1 year but less than 2 years 95% Greater than 2 years but less than 3 years 90% Greater than 3 years but less than 4 years 85% Greater than 4 years but less than 5 years 80% Greater than 5 years but less than 6 years 75% Greater than 6 years but less than 7 years 70% Greater than 7 years but less than 8 years 65% Greater than 8 years but less than 9 years 60% Greater than 9 years but less than 10 years 55% Greater than 10 years 50% In no event shall Administrator be liable to customer or any third party for any loss of use, revenue or profit or for any consequential, incidental, indirect, exemplary, special or punitive damages whether arising out of breach of contract, infringement, negligence, strict liability, other tort or otherwise regardless of whether such damage was foreseeable and whether or not such party has been advised of the possibility of such damages and notwithstanding the failure of any agreed or other remedy of its essential purpose. purpose Administrator shall not be responsible for any parts provided by or labor performed by the customer or any third party. Notwithstanding anything herein this Service Agreement to the contrary, coverage under this Service Agreement is excess to any valid warranty, insurance or indemnity benefit available to You. The limits of liability will remain in effect for the calendar year at the single-family residence, condominium or manufactured home covered under this Service Agreement.