Replacement equipment - rental Sample Clauses

Replacement equipment - rental or hire costs a) the cost of hiring charges you incur for the necessary hire of substitute building services equipment of a similar type and capacity until repair o r replacement of the building services equipment; and/or b) the additional rental arising out of the replacement of a lease/hire agreement in respect of the building services equipment by a new contract for a similar equipment consequent upon damage insured by this section, provided that: i) liability is admitted under this section; and ii) Our liability under this clause shall not exceed £ 5,000 any one occurrence.