Common use of Conditions and Provisions Clause in Contracts

Conditions and Provisions. Subject to the terms, exceptions and conditions (precedent or otherwise) and in consideration of, and conditional upon, the prior payment of the premium by or on behalf of the Insured and receipt thereof by or on behalf of the Company, the Company specified in the schedule agrees to indemnify or compensate the Insured by payment or, at the option of the Company, by replacement, reinstatement or repair in respect of the defined events occurring during the period of insurance and as otherwise provided under the within sections up to the sums Insured, limits of indemnity, compensation and other amounts specified. Where more than one insurance Company or insurer participates in this insurance, the expression “Company” shall be amended to “insurers” wherever it appears in this policy. In this event the percentage share of each insurer will be as expressed in the schedule of this policy and the liability of each such insurer individually shall be limited to the percentage share set against its name. Specific Exceptions, Conditions and Provisions shall override General Exceptions, Conditions and Provisions. General Exceptions

Conditions and Provisions. Subject to the terms, exceptions and conditions (precedent or otherwise) and in consideration of, and conditional upon, the prior payment of the premium by or on behalf of the Insured insured and receipt thereof by or on behalf of the Companycompany, the Company company specified in the schedule agrees to indemnify or compensate the Insured insured by payment or, at the option of the Companycompany, by replacement, reinstatement or repair in respect of the defined events occurring during the period peri od of insurance and as otherwise provided under the within sections up to the sums Insuredinsured, limits of indemnity, indemnity compensation and other amounts specified. Where more than one insurance Company company or insurer participates in this insurance, the expression “Company” "company" shall be amended to “"insurers” " wherever it appears in this policy. In this event the percentage share of each insurer will be as expressed in the schedule of this policy and the liability of each such insurer individually shall be limited to the percentage share set against its name. Specific Exceptions, Conditions and Provisions shall override General Exceptions, Conditions and Provisions. General ExceptionsThe contra proferentem rule does not apply to the interpretation of this policy.