Common use of MEASURE OF RECOVERY Clause in Contracts

MEASURE OF RECOVERY. The measure of recovery in the event of loss hereunder shall be the reduction in “gross rent and rental value” directly resulting from being untenantable solely and directly due to destruction or damage by the perils insured against to the described building(s), less charges and expenses which do not necessarily continue during the period the building(s) is so untenantable, for not exceeding such length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the building(s) described as has been destroyed or damaged, commencing with the date of such destruction or damage and limited to a period of 12 consecutive calendar months from the date of such destruction or damage, but not exceeding the actual loss sustained by the Insured resulting from the building(s) being untenantable.

MEASURE OF RECOVERY. The measure of recovery in the event of loss hereunder shall be the reduction in “gross rent Gross Rent and rental value” Rental Value directly resulting from being untenantable solely and directly due to destruction or damage by the perils insured against to the described building(s), less charges and expenses which do not necessarily continue during the period the building(s) is so untenantable, for not exceeding such length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the building(s) described as has been destroyed or damaged, commencing with the date of such destruction or damage and limited to a period of 12 consecutive calendar months from the date of such destruction or damage, but not exceeding the actual loss sustained by the Insured resulting from the building(s) being untenantable. The Insurer shall in no event be liable for more than the amount as cited in the Declarations Page(s) of this Policy.

MEASURE OF RECOVERY. The measure of recovery in the event of a loss hereunder shall be the reduction in “gross rent and rental value” directly resulting res ulting from being untenantable solely and directly due to destruction or damage by the perils insured against to the described building(s), less charges and expenses which do not necessarily continue during the period the building(s) is so untenantable, for not exceeding such length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the building(s) described as has been destroyed or damaged, commencing with the date of such destruction or damage and limited to a period of 12 twelve (12) consecutive calendar months from the date of such destruction or damage, but not exceeding the actual loss sustained by the Insured resulting from the any building(s) being untenantable.

MEASURE OF RECOVERY. The measure of recovery in the event of loss hereunder shall be the reduction in “gross rent and rental value” directly resulting from being untenantable solely and directly due to destruction or damage by the perils insured against to the described building(s), less charges and expenses which do not necessarily continue during the period the building(s) is so untenantable, for not exceeding such length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the building(s) described as has been destroyed or damaged, commencing with the date of such destruction or damage and limited to a period of 12 consecutive calendar months as shown on the declarations from the date of such destruction or damage, but not exceeding the actual loss sustained by the Insured resulting from the building(s) being untenantable.

MEASURE OF RECOVERY. The measure of recovery in the event of loss hereunder shall be the reduction in “"gross rent and rental value” " directly resulting from being untenantable solely and directly due to destruction or damage by the perils insured against to the described building(s), less charges and expenses which do not necessarily continue during the period the building(s) is so untenantable, for not exceeding such length of time as would be required with the exercise of due diligence and dispatch to rebuild, repair or replace such part of the building(s) described as has been destroyed or damaged, commencing with the date of such destruction or damage and limited to a period of 12 consecutive calendar months from the date of such destruction or damage, but not exceeding the actual loss sustained by the Insured resulting from the building(s) being untenantable.