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CNA CNA PARAMOUNT First Party Terms and Conditions b. research, recreate or reproduce information, on any format, documenting that lost or damaged research and development project property as of the date of such loss or damage. However, the Insurer will only pay for these costs if the Named Insured repairs, replaces or recreates the research and development project property. Any research and development project property not repaired, replaced or recreated has no value. When production of a new product begins by anyone, the research and development project property for that product and all associated research and recreation costs have no value. 13. Tenant's improvements and betterments: a. Replacement cost if the Named Insured repairs or replaces with reasonable speed. b. A proportion of the Named Insured's original cost if the Named Insured does not repair or replace with reasonable speed. The Insurer will determine the proportionate value as follows: i. multiply the original cost by the number of days from the date of the loss or damage to the expiration date of the lease; and ii. divide that amount determined in Paragraph i. above by the number of days from the installation of the tenant's improvements and betterments to the expiration of the lease. If the lease contains a renewal option, the expiration date of the renewal option period will be used as the expiration date of the lease. c. If others pay for the repairs or replacement, then the Insurer will only pay for that portion which has not been paid for by others. 14. Vehicles or self-propelled machines (other than nonowned trailers), railroad rolling stock and contractor's equipment: at the lesser of the following for that lost or damaged property: a. applicable scheduled Limit of Insurance; b. actual cash value; c. cost to reasonably restore that property to its condition immediately before loss or damage; or d. cost of replacing that property with used, but substantially identical property. XIX. BUSINESS CRIME COVERAGE CONDITIONS Solely with respect to crime coverage provided under the Business Crime Coverage Part and the Employee Theft, Forgery or Alteration and Money and Securities Additional Coverages under the Business Property Coverage Part, the following conditions apply: A. Joint Named Insured 1. If the Named Insured or partner, proprietor, member or officer of that Named Insured has knowledge of any information relevant to this insurance, that knowledge is considered knowledge of every Named Insured. 2. An employee of any Named Insured is considered to be an employee of every Named Insured. 3. If any crime coverage is cancelled or terminated as to any Named Insured, a loss with respect to that Named Insured is covered only if the loss was discovered during the period of time in the When Loss Must be Sustained and Discovered Condition below. However, this extended period to discover loss terminates as to that Named Insured immediately upon the effective date of any other insurance obtained by that Named Insured replacing in whole or in part the insurance afforded hereunder, whether or not such other insurance provides coverage for loss or damage sustained prior to its effective date. 4. In the event loss or damage is sustained by more than one Named Insured, th than if the loss or damage was sustained by one Named Insured. CNA62647XX 10-15 Copyright CNA All Rights Reserved. HORaN RiskMmRgzmerdDivisian REVIEWED & APPROVED BY.- o z Risk Management Analyst