Common use of Electronic Data Processing Media Valuation Clause in Contracts

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.

Appears in 12 contracts

Sources: Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp), Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp), Excess Catastrophe Reinsurance Contract (Philadelphia Consolidated Holding Corp)

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract Policy or any endorsement thereto, it is understood and agreed as follows:- follows: Should electronic data processing media insured by this Contract Policy suffer physical loss or damage insured by this ContractPolicy, 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 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.

Appears in 4 contracts

Sources: Off Road Vehicle Insurance Agreement, Off Road Vehicle Insurance Agreement, Off Road Vehicle Insurance Policy

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract this insurance or any endorsement thereto, it is understood and agreed as follows:- follows: Should electronic data processing media insured by this Contract policy suffer physical loss or damage insured by this Contractpolicy, 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 insurance does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured Insured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled.

Appears in 1 contract

Sources: Insurance Contract

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract Section or any endorsement thereto, it is understood and agreed as follows:- follows: Should electronic data processing media insured by this Contract Section suffer physical loss or damage insured by this ContractSection, then the basis of valuation shall be the cost of the blank media plus the costs 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 or 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 Section 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.

Appears in 1 contract

Sources: Commercial Package Policy

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.. 06\P2Z1057 (▇▇▇▇▇▇▇▇ LOGO) NMA 2915 (25.1.01)

Appears in 1 contract

Sources: Excess Reinsurance Contract (Philadelphia Consolidated Holding Corp)

Electronic Data Processing Media Valuation. Notwithstanding any provision to the contrary within the Contract Policy or any endorsement thereto, it is understood and agreed as follows:- Should electronic data processing media insured by this Contract the Policy suffer physical loss or damage insured by this ContractPolicy, 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 generationgenerations. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not nor repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However this Contract 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.

Appears in 1 contract

Sources: Public Liability Insurance Policy