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0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />N <br />0 <br />CNA CNA PARAMOUNT <br />First Party Glossary of Defined Terms <br />Premises <br />Premises means: <br />A. the interior of that portion of any building the Named Insured occupies in conducting the Named Insured's <br />business; <br />B. with respect only to damage to other property, the exterior of that portion of any building the Named Insured <br />occupies in conducting the Named Insured's business; or <br />C. with respect only to the Employee Theft of Client Property While on Client Premises Coverage under the <br />Business Crime Coverage Part, the interior of that portion of any building a client occupies in conducting the <br />client's business or the interior of a client's owned, leased or rented residence. <br />Prepaid Rent <br />Prepaid rent means that unamortized portion of any amount of advance rent the Named Insured paid based on the <br />percentage of the unexpired portion of the lease that remains at the time of physical loss or damage. <br />Prepaid rent does not include the customary rent for a rental period or any amount refunded to the Named Insured. <br />Property Not Covered <br />Property not covered means: <br />A. animals unless: <br />1. owned by others and boarded by the Named Insured, or <br />2. owned by the Named Insured as stock, other than research animals, while inside of a building at a <br />location or reported unspecified location; <br />B. bulkheads, pilings, piers, wharves or docks; <br />C. contraband, or property in the course of illegal transportation or trade; <br />D. fine arts, money, securities, records of accounts receivable, media or research and development project <br />property; <br />E. vehicles or self-propelled machines (including autos, aircraft or watercraft) that are: <br />1. licensed for use on public roads; or <br />2. operated principally away from the location or reported unspecified location, <br />except to the extent included in Paragraph J. of the personal property definition; <br />F. land, naturally occurring water, air, growing crops and standing timber; <br />G. outdoor trees, shrubs, plants or lawns; <br />H. dams, dikes or retaining walls; <br />I. underground mines, mine shafts, caverns, open pits or quarries; or <br />J. any property which the Named Insured has covered under any other Policy in which such property is more <br />specifically described, except for the excess of the amount due under such other coverage, whether collectible or <br />not. <br />Qualifying Period <br />Qualifying period means the continuous period of time which must pass before the applicable coverage begins. <br />CNA62641XX 10-15 <br />Copyright CNA All Rights Reserved. <br />�oRaN Risk MmRgzmerttDiAsian <br />REVIEWED & APPROVED BY.- <br />o z <br />Risk Management Analyst <br />