Personal Property of Others Sample Clauses

The "Personal Property of Others" clause defines the insurance coverage or responsibilities related to property owned by individuals other than the policyholder that is in the policyholder's care, custody, or control. Typically, this clause specifies the extent to which the insurer will cover loss or damage to such property, for example, items belonging to clients, customers, or employees that are temporarily stored or used on the insured premises. Its core function is to clarify liability and ensure that there is clear understanding about whether and how losses to third-party property are handled under the policy, thereby preventing disputes and gaps in coverage.
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Personal Property of Others. (non-clergy) - You may extend your Organizational Personal Property coverage, for which a limit is shown on the Schedule of Buildings and Personal Property on the declarations, in an amount up to the limit shown on the declarations for this coverage to cover personal property of others, except clergy employed by you, while at your locations de- scribed on the declarations and in your care and used for your benefit. The most we will pay for the benefit to any one person is the amount shown on the declarations for this coverage. This coverage is excess to any other insurance which applies to this property.
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Personal Property of Others. The basis of recovery shall be the least of the following amounts: (1) The actual cash value, ascertained with proper deduction for depreciation, at the time of the loss, (2) The cost of reasonably restoring the property to its condition immediately before the loss occurred, (3) The cost of replacing the property with substantially identical property.
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Personal Property of Others. We pay up to $1,000, or the additional amount shown on the Declarations, for loss or damage from covered causes of loss to property of others in your care or custody while on the insured premises. This includes personal effects of members or guests but, it does not include golf carts in your care or custody. The most that we will pay in any one occurrence is $1,000 without regard to the number of interests or claims at issue.
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Personal Property of Others. “Bailment”/Limits: [ ]*.
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Personal Property of Others. At the option of the “Insured”, this form insures uninsured “personal property” belonging to others while it is: a. on that portion of the “premises” which is occupied by the “Insured”; b. off the “premises” in the possession of the “Insured” or belonging to a “residence employee” travelling for or with the “Insured”. There is no coverage for the property of roomers or boarders who are not related to the “Insured”.
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Related to Personal Property of Others

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property:

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church. (b) At Closing, the Annual Conference shall deliver to the Local Church: (i) the Deed(s) quitclaiming and releasing all interest of the Annual Conference in the Real Property to the Local Church; (ii) the Bill of Sale conveying all the interest of the Annual Conference in the Personal Property to the Local Church; and, (iii) a FIRPTA certificate.

  • Personal Property Leases Except as set forth in Schedule 3.13.(b), Company has no leases of personal property involving consideration or other expenditure in excess of $5,000 or involving performance over a period of more than three months.

  • Leased Personal Property Other than Personal Property owned by the Company or the Company Subsidiary, the Company or the Company Subsidiary has good and valid leasehold title to all of the tangible personal property Assets used by the Company or the Company Subsidiary, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor. Disclosure Schedule 3.9(c) sets forth all Leases for personal property. With respect to each Lease listed on Disclosure Schedule 3.9(c), (i) there has been no breach or default under such Lease by the Company, the Company Subsidiary or by any other party, (ii) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will not cause (with or without notice and with or without the passage of time) a default under any such Lease, (iii) such Lease is a valid and binding obligation of the applicable lessor, is in full force and effect and is enforceable by the Company or the Company Subsidiary in accordance with its terms, (iv) no action has been taken by the Company or the Company Subsidiary and no event has occurred which, with notice or lapse of time or both, would permit termination, modification or acceleration by a party thereto other than by the Company or the Company Subsidiary without the consent of the Company or the Company Subsidiary, (v) no party has repudiated any term thereof or threatened to terminate, cancel or not renew any such Lease, and (vi) neither the Company nor the Company Subsidiary has assigned, transferred, conveyed, mortgaged or encumbered any interest therein or in any leased property subject thereto (or any portion thereof).

  • Fixtures and Personal Property All machinery, equipment, fixtures (including, but not limited to all heating, air conditioning, plumbing, lighting, communications and elevator fixtures) and other property of every kind and nature whatsoever owned by Borrower, or in which Borrower has or shall have an interest, now or hereafter located upon the Land or the Improvements, or appurtenant thereto, and used in connection with the present or future operation and occupancy of the Land and the Improvements and all building equipment, materials and supplies of any nature whatsoever owned by Borrower, or in which Borrower has or shall have an interest, now or hereafter located upon the Land and the Improvements, or appurtenant thereto, or used in connection with the present or future operation and occupancy of the Land and the Improvements (collectively, the "Personal Property"), and the right, title and interest of Borrower in and to any of the Personal Property which may be subject to any security interests, as defined in the Uniform Commercial Code, as adopted and enacted by the state or states where any of the Property is located (the "Uniform Commercial Code"), superior in lien to the lien of this Security Instrument and all proceeds and products of the above;