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CNA CNA PARAMOUNT Business Property Coverage Part b. The most the Insurer will pay for all loss or damage under this Newly Acquired Property — Other Property coverage for any one occurrence is the Newly Acquired — Other Property Limit of Insurance. c. The coverage provided under this ADDITIONAL COVERAGE for fine arts, records of accounts receivable and media is subject to the provisions of the Fine Arts Coverage, Accounts Receivable Coverage and Restoration of Media Coverage, respectively, under the ADDITIONAL BASKET COVERAGE section except the requirement that such property be at a location or reported unspecified location. 3. Newly Acquired Location — Time Element a. To the extent time element coverage is applicable on the Business Property Coverage Part, the Insurer will pay, as provided, for: i. the actual loss of business income the Named Insured sustains during the period of restoration due to the necessary suspension or delay in operations; ii. the actual loss of research and development business income the Named Insured sustains during the period of restoration due to the necessary suspension or delay of research and development projects; and iii. extra expense, caused by loss or damage to property at a newly acquired location directly caused by a covered peril. b. The most the Insurer will pay for all loss or expense under Newly Acquired Location — Time Element coverage for any one occurrence is the Newly Acquired Location — Time Element Limit of Insurance. 4. This Newly Acquired Locations and Property Coverage expires on the date when any of the following first occurs: a. the Policy expires or is cancelled; b. the number of consecutive days shown on the Business Property Schedule of Coverages and Limits has passed from the date: i. the premises becomes a newly acquired location; ii. the Named Insured acquires such property at a location or reported unspecified location; or iii. construction begins on new buildings; or c. the Named Insured reports values to the Insurer. 5. The Insurer will charge the Named Insured additional premium for values reported from the date the premises becomes a newly acquired location, the Named Insured acquires such property or the construction begins on new buildings. O. Ordinance or Law Coverage If at the time of direct physical loss of or damage to insured property directly caused by a covered peril there is an ordinance or law in effect regulating the construction, zoning, repair or land use of such insured property and, as a result of such covered loss or damage, such ordinance or law requires code compliance in the repair or replacement of such insured property, the following coverages apply: 1. Undamaged Insured Property The Insurer will pay for the amount equal to the value of the undamaged portion of such insured property that must be demolished in accordance with such ordinance or law. The amount the Insurer will pay for all loss or damage under this Undamaged Insured Property coverage is included within the applicable Real Property Coverage or Personal Property Coverage Limit of Insurance. CNA62648XX 10-15 Copyright CNA All Rights Reserved. ,a Risk MmRgemerdDivisiun REVIEWED & APPROVED BY.- ru4w'L� 11. Yj&4441 Risk Management Analyst