Common use of DATA COVERAGE Clause in Contracts

DATA COVERAGE. If, as a result of a Breakdown of Insured Equipment, Data is lost or damaged, we shall be liable for: (i) the cost of gathering or reproducing the Data; and (ii) the Business Interruption/Extra Expense resulting form the loss or damage to the data only if Business Interruption/Extra Expense is provided by this Endorsement, however, in no event shall we be liable for loss in excess of $25,000. We shall not be liable for Data which is lost or damaged as a result of programming errors of any kind including the inability of software to correctly read, recognize, save, process or interpret any date or time.

Appears in 1 contract

Sources: Equipment Breakdown Endorsement

DATA COVERAGE. If, as a result of a Breakdown of Insured Equipment, Data is lost or damaged, we shall be liable for: (ia) the cost of gathering or reproducing the Data; and (iib) the Business Interruption/Extra Expense resulting form from the loss or damage to the data only if Business Interruption/Extra Expense is provided by this Endorsementendorsement, however, in no event shall we be liable for loss in excess of $25,000. We shall not be liable for Data which is lost or damaged as a result of programming errors of any kind including the inability of software to correctly read, recognize, save, process or interpret any date or time.

Appears in 1 contract

Sources: Equipment Breakdown Endorsement

DATA COVERAGE. If, as a result of a Breakdown of Insured Equipment, Data is lost or damaged, we the Company shall be liable for: (i) the cost of gathering or reproducing the Data; and (ii) the Business Interruption/Extra Expense resulting form from the loss or damage to the data Data only if Business business Interruption/Extra Expense is provided by this Endorsementform, howeverHowever, in no event shall we the insurer be liable for loss in excess of $25,00050,000. We The Company shall not be liable for Data which is lost or damaged as a result of programming errors of any kind including the inability of software to correctly read, recognize, save, process or interpret any date or time.

Appears in 1 contract

Sources: Equipment Breakdown Rider