Laserfiche WebLink
r 1 <br />LJ <br />Definitions WHEN USED WrrH REM'ECT" r(.) INSURANCE UNI)I R THIS CONTRACT, WORDS <br />(continued) AND PHRASES T TIA`I'Ai'l EAR IN BOLD PRINT HAVE THE SPECIAL MEIANINGS <br />DESCRIBED BELOW: <br />Impaired Property Impaired property me-uns tanl;ible property, other than your product of your work, that c�uinot <br />be used or is less useful because: <br />* it incorporates your product or your work that is known or thought to be defective, <br />deficient, inadcquate or dangerous; or <br />you have failed to fulfill the terms or conditions cif a. crxaract or agreement; <br />if such property can he restored to use by: <br />• the rc;pair, replacement, adjustnIMtor removal of your product or your work; or <br />Your fulfilling; the: terms or conditions of the contract or ,agreement, <br />111sured Insured ineuns a person or an organisation qualifying; as an insured in the Wlio is An Insured <br />suction of this contract. <br />Insured Contract Insured contract: <br />A, means: <br />1, a lease of premises; <br />2. a sidetrack agreement; <br />3. <br />4. <br />S. <br />6, <br />an casement or license: agreement; <br />an obligation, as required by ordinance, to indemnify a nnrnicipality, except in <br />connection with work for a municipality; <br />an elevator maintenance agreement; or <br />B. does not include that part of any contract or agreement that indemnifies an architect, <br />engineer or surveyor for damages arising out of: <br />1. preparing, approving or failing to prepare or approve maps, drawings, opinions,. <br />reports, surveys, field orders, change orders, designs or specifications; or <br />2, giving directions or instructions, or failing to give them. <br />Liability Insurance <br />Form 80-02 -2000 (Rev, 4-01) contract Page 26 of 32 <br />