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Agmt25 A Pe Pe, Inc. (2616 Broadway)
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Agmt25 A Pe Pe, Inc. (2616 Broadway)
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Last modified
8/28/2025 1:23:29 PM
Creation date
8/28/2025 1:22:22 PM
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Agreement
PROJECT NAME
Outdoor Business Activity License Agreement
RMP File Number
304.5
Date
8/13/2025
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(a) If the equipment is repaired or replaced, on the same or another premises, we will not pay <br />more than the lesser of: <br />(i) The amount you actually spend to repair the equipment, but not for more than the <br />amount it would cost to replace the equipment with equipment of the same kind and <br />quality; or <br />(ii) The Limit Of Insurance shown in the Declarations as applicable to the Covered Building <br />or Business Personal Property. <br />(b) If the equipment is not repaired or replaced, we will not pay more than the lesser of: <br />(i) The actual cash value of the equipment at the time of loss; or <br />(ii) The Limit Of Insurance shown in the Declarations as applicable to the Building or <br />Business Personal Property. <br />(c) We will not pay for loss due to any ordinance or law that: <br />(i) You were required to comply with before the loss, even if the equipment was <br />undamaged; and <br />(ii) You failed to comply with. <br />(6) The most we will pay for loss or damage under this Additional Coverage is $10,000 in any one <br />occurrence at each Described Premises. <br />XIX. Pollutant Clean Up and Removal <br />The last paragraph under Part A.S.h. (Section I — Property) is replaced with: <br />The most we will pay for each location under this Additional Coverage is $25,000 for the sum of all <br />such expenses arising out of Covered Cause of Loss occurring during each separate 12 month period <br />of this policy. <br />XX. Reward Coverage <br />The following Additional Coverage is added to Part A.S. (Section I — Property): <br />Reward Coverage <br />We will reimburse you for rewards you have paid leading to: <br />(1) The successful return of undamaged stolen articles to a law enforcement agency; or <br />(2) The arrest and conviction of any persons who commits arson with respect to any property <br />covered by this policy. <br />We will pay up to 10 percent of the amount of the covered loss or $10,000, whichever is less. No <br />matter how many persons provide information or how many persons are convicted, our liability <br />under this coverage will not be increased. We will not pay for loss or damage in any one occurrence <br />until the amount of loss or damage exceeds the deductible. <br />XXI. Salespersons' Samples <br />The following Additional Coverage is added to Part A.S. (Section I — Property): <br />Salespersons' Samples <br />We will pay up to $1,000 in any one occurrence as an additional Limit Of Insurance to extended <br />Business Personal Property to cover: <br />(a) Samples of your stock in trade (including containers); and <br />(b) Similar property of others; <br />but only while such property is in: <br />(a) Your custody while acting as a sales representative; or <br />(b) In the custody of your sales representative(s) or agent(s). <br />XXI I. Tenant Glass <br />MC BOP RES BROADEND 07 19 <br />ATTY/AGR.2025.207/A Pa Pe, Inc. (2616 Broadway) (Page 27 of 55) <br />Page 8 of 17 <br />
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