Common use of OPERATIVE CLAUSE Clause in Contracts

OPERATIVE CLAUSE. We hereby agree subject to the terms and conditions contained herein or endorsed or otherwise expressed hereon, to indemnify You to the extent and in the manner specified herein, against any loss or Damage to the Property insured due to operation of any of the insured perils during the Policy Period as shown in the Schedule of the Policy. I(A) Building I(B) Personal Possessions/Contents I(C) Terrorism Damage II(A) Burglary and Theft II(B) Safety and Security III(A) Audio and Audio-Visual Appliances III(B) Breakdown of Domestic Appliances III(C) Portable Equipment VI(A) Third Party Legal Liability VI(B) Tenant’s Legal Liability VI(C) Employees’ Compensation