Electronic Data Processing Media Valuation Sample Clauses

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract or any endorsement thereto, it is understood and agreed as follows:-

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract or any endorsement thereto, it is understood and agreed as follows:- Should electronic data processing media insured by this Contract suffer physical loss or damage insured by this Contract, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Contract does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. N.M.A. 2915 (25.1.01) Form approved by Lloyd’s Underwriters’ Non-Marine Association Limited ACE Tempest Reinsurance Ltd. 30.0% Axis Specialty Limited 25.0 Lloyd’s Underwriters Per Signing Schedules 10.0 Total 65.0% part of 100% share in the interests and liabilities of the “Reinsurer” ACE Tempest Reinsurance Ltd. 30.0% Axis Specialty Limited 24.0 Sirius International Insurance Corporation 1.0 Lloyd’s Underwriters Per Signing Schedules 10.0 Total 65.0% part of 100% share in the interests and liabilities of the “Reinsurer” ACE Tempest Reinsurance Ltd. 30.0% Axis Specialty Limited 23.5 Sirius International Insurance Corporation 1.5 Lloyd’s Underwriters Per Signing Schedules 10.0 Total 65.0% part of 100% share in the interests and liabilities of the “Reinsurer” ACE Tempest Reinsurance Ltd. 30.0% Axis Specialty Limited 23.5 Sirius International Insurance Corporation 1.5 Lloyd’s Underwriters Per Signing Schedules 10.0 Total 65.0% part of 100% share in the interests and liabilities of the “Reinsurer” ACE Tempest Reinsurance Ltd. Hamilton, Bermuda (hereinafter referred to as the “Subscribing Reinsurer”) The Subscribing Reinsurer hereby accepts the following percentage shares in the interests and liabilities of the “Reinsurer” as set forth in the attached Contract captioned above:

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Policy or any endorsement thereto, it is understood and agreed as follows:

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract or any endorsement thereto, it is understood and agreed as follows:- Should electronic data processing media insured by this Contract suffer physical loss or damage insured by this Contract, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Contract does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. N.M.A. 2915 (25.1.01) Form approved by Lloyd’s Underwriters’ Non-Marine Association Limited ACE Tempest Reinsurance Ltd. Hamilton, Bermuda (hereinafter referred to as the “Subscribing Reinsurer") The Subscribing Reinsurer hereby accepts a 10.0% share in the interests and liabilities of the “Reinsurer” as set forth in the attached Contract captioned above. This Agreement shall become effective on September 10, 2004, and shall continue in force until May 31, 2005, both days inclusive. The Subscribing Reinsurer’s share in the attached Contract shall be separate and apart from the shares of the other reinsurers, and shall not be joint with the shares of the other reinsurers, it being understood that the Subscribing Reinsurer shall in no event participate in the interests and liabilities of the other reinsurers.

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract or any endorsement thereto, it is understood and agreed as follows:- Should electronic data processing media insured by this Contract suffer physical loss or damage insured by this Contract, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Contract does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. NMA 2915 (25.1.01) INTERESTS AND LIABILITIES AGREEMENT of ACE Tempest Reinsurance Ltd. Hamilton, Bermuda (hereinafter referred to as the "Subscribing Reinsurer") with respect to the EXCESS CATASTROPHE REINSURANCE CONTRACT EFFECTIVE: JUNE 1, 2006 issued to and duly executed by Philadelphia Insurance Company Bala Cynwyd, Pennsylvania Philadelphia Indemnity Insurance Company Bala Cynwyd, Pennsylvania and any and all other companies which are now or may hereafter become member companies of Philadelphia Insurance Companies The Subscribing Reinsurer hereby accepts the following percentage shares in the interests and liabilities of the "Reinsurer" as set forth in the attached Contract captioned above: 0% of the First Excess Catastrophe Reinsurance 2.50% of the Second Excess Catastrophe Reinsurance 2.50% of the Third Excess Catastrophe Reinsurance This Agreement shall become effective at 12:01 a.m., Local Standard Time, June 1, 2006, and shall continue in force until 12:01 a.m., Local Standard Time, June 1, 2007, unless earlier terminated in accordance with the provisions of the attached Contract.

Electronic Data Processing Media Valuation a. Loss or damage to electronic data will be valued at the cost of restoration or replacement, including the cost of data entry, reprogramming and computer consultation services; however we will not pay the cost to duplicate research and engineering that led to the development of your electronic data or any proprietary or confidential information or intellectual property in any form. To the extent that electronic data is not replaced or restored, the loss will be valued at the cost of replacement of the media on which the electronic data was stored, with blank media of substantially identical type. However, this Policy does not insure any amount pertaining to the value of such electronic data to the Insured or any other party, even if such electronic data cannot be restored, replaced, reprogrammed, recreated, gathered or assembled. b. If you recover, from a licensor or lessor, for loss or damage to electronic data, our loss payment to you will be reduced to the extent of such recovery. As used in this provision, electronic data means information, facts or computer programs stored as or on, created or used on, or transmitted to or from computer software (including systems and applications software), on hard or floppy disks, CD-ROMs, DVDs, tapes, drives, cells, data processing devices or any other repositories of computer software which are used with electronically controlled equipment. The term computer programs, referred to in the foregoing description of electronic data, means a set of related electronic instructions which direct the operations and functions of a computer or device connected to it, which enable the computer or device to receive, process, store, retrieve or send data.

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Policy or any endorsement thereto, it is understood and agreed as follows: Should electronic data processing media insured by this Policy suffer physical loss or damage insured by this Policy, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Policy does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. 25/01/01 DRAFT NMA2915 NOTWITHSTANDING anything contained in this Insurance to the contrary this Insurance may be cancelled by the Assured at any time by written notice or by surrendering of this Contract of Insurance. This Insurance may also be cancelled by or on behalf of the Underwriters by delivering to the Assured or by mailing to the Assured, by registered, certified or other first class mail, at the Assured's address as shown in this Insurance, written notice stating when, not less than 10 days thereafter, the cancellation shall be effective. The mailing of notice as aforesaid shall be sufficient proof of notice and this Insurance shall terminate at the date and hour specified in such notice. If this Insurance shall be cancelled by the Assured the Underwriters shall retain the customary short rate proportion of the premium hereon, except that if this Insurance is on an adjustable basis the Underwriters shall receive the Earned Premium hereon or the customary short rate proportion of any Minimum Premium stipulated herein whichever is the greater. If this Insurance shall be cancelled by or on behalf of the Underwriters the Underwriters shall retain the pro rata proportion of the premium hereon, except that if this Insurance is on an adjustable basis the Underwriters shall receive the Earned Premium hereon or the pro rata proportion of any Minimum Premium stipulated herein whichever is the greater. Payment or tender of any Unearned Premium by the Underwriters shall not be a condition precedent to the effectiveness of Cancellation but such payment shall be made as soon as practicable. DRAFT If the period of ...

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract or any endorsement thereto, it is understood and agreed as follows:- Should electronic data processing media insured by this Contract suffer physical loss or damage insured by this Contract, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Contract does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. N.M.A. 2915 (25.1.01) C▇▇▇▇▇ Insurance Company Ltd. H▇▇▇▇▇▇▇, Bermuda (hereinafter referred to as the “Subscribing Reinsurer”) The Subscribing Reinsurer hereby accepts the following percentage shares in the interests and liabilities of the “Reinsurer” as set forth in the attached Contract captioned above:

Electronic Data Processing Media Valuation. 2.1. Notwithstanding any provision to the contrary within the Policy or any endorsement thereto, it is understood and agreed as follows; 2.1.1. Should electronic data processing media insured by this Policy suffer physical loss or damage insured by this Policy, then the basis of valuation shall be the cost of the blank media plus the cost of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any cost of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced of restored the basis of valuation shall be the cost of the blank media. However, this Policy does not insured any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled. NMA2915A 11/03/2015 1. If a person applying for insurance falsely describes the property to the prejudice of the insurer, or misrepresents or fraudulently omits to communicate any circumstance that is material to be made known to the insurer in order to enable it to judge the risk to be undertaken, the contract is void as to any property in relation to which the misrepresentation or omission is material.