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COMPULINK MANAGEMENT CENTER INC 3C-2009
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COMPULINK MANAGEMENT CENTER INC 3C-2009
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Last modified
7/12/2018 10:28:30 AM
Creation date
5/15/2012 11:26:53 AM
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Contracts
Company Name
COMPULINK MANAGEMENT CENTER INC
Contract #
A-2005-122-02
Agency
Finance & Management Services
Expiration Date
6/11/2010
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d. The following definitions are added to the Definitions Section: <br /> "1 "Covered recall" means a recall made necessary because the insured or a government body has deter- <br /> mined that a known or suspected defect, deficiency, Inadequacy or dangerous condition in "your product" <br /> has resulted in or will result in "bodily injury" or"property damage". <br /> 2. "Product Recall Expense" means: <br /> (a) The following necessary and reasonable expenses you incur exclusively for the purpose of recalling <br /> "your product": <br /> (1) For communications, including radio or television announcements or printed advertisements <br /> including stationery, envelopes and postage; <br /> (2) For shipping the recalled products from any purchaser, distributor or user to the place or places <br /> designated by you; <br /> (3) For remuneration paid to your regular"employees"for necessary overtime; <br /> .(4) For hiring additional persons, other than your regular"employees"; <br /> (5) Incurred by"employees", including transportation and accommodations; <br /> (6) To rent additional warehouse or storage space; or <br /> (7) For disposal of "your products", but only to the extent that specific methods of destruction other <br /> than those employed for trash discarding or disposal are required to avoid "bodily injury" or <br /> "property damage"as a result of such disposal, but <br /> "product recall expenses"does not include costs of regaining your market share,goodwill, revenue or profit. <br /> (b) "Product Recall Expense"does not include any expenses resulting from: <br /> (1) Failure of any product to accomplish its Intended purpose; <br /> (2) Breach of warranties of fitness,quality,durability or performance; <br /> (3) Loss of customer approval,or any cost Incurred to regain customer approval; <br /> (4) Redistribution or replacement of"your product"which has been recalled by like products or substi- <br /> tutes; <br /> (5) Caprice or whim of the insured; <br /> (6) A condition likely to cause loss of which any insured knew or had reason to know at the inception of <br /> this insurance; and <br /> (7) Recall of"your products"that have no known or suspected defect solely because a known or sus- <br /> pected defect in another of"your products" has been found <br /> 20. SUPPLEMENTARY PAYMENTS -INCREASED LIMITS <br /> In the SUPPLEMENTARY PAYMENTS-Coverages A and B provision: <br /> a. The limit for the cost of bail bonds is amended to$2,500; and <br /> b. The limit for reasonable expenses incurred by the"insured" is amended to $500 a day. <br /> VCG 205 02 06 Includes copyrighted material of Insurance Services Office,Inc. Page 7 of 7 <br /> Copyright2004,�����' IIfillIII!!IOnuilliii!! n�� I !lllll!ll! <br />
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