Contracting Purchaser’s Interest. Leasehold Premises the costs necessary to protect the interest of the Insured as tenant in respect of damage to any building leased or rented by the Insured but only: ▪ to the extent that the insurance provided by this Policy is broader in meaning or scope than any other policy of insurance covering such building arranged by or on behalf of the landlord or lessor (any such Policy being hereafter referred to in this Extension as the “Underlying Policy”) ▪ in the event of the failure of the landlord or lessor to maintain insurance on such building or the failure of the Underlying Policy to operate due to any act or omission unknown to or beyond the control of the Insured. This insurance shall not be brought into contribution with any cover granted by the Underlying Policy other than in respect of any excess over and above the sums insured, limits or cover applicable under such Underlying Policy. for damage to a building in which, at the time of damage, the Insured has contracted to sell its interest (where the purchase has not been but shall thereafter be completed). On completion of the purchase (if and so far as the property is not otherwise insured against such damage by the purchaser or on its behalf) and at the option of the Insured the purchaser shall be entitled to benefit under this Policy for such damage without prejudice to the rights and liabilities of the Insured or the Company until completion.
Contracting Purchaser’s Interest for damage to a building in which, at the time of damage, the Insured has contracted to sell its interest (where the purchase has not been but shall thereafter be completed). On completion of the purchase (if and so far as the property is not otherwise insured against such damage by the purchaser or on its behalf) and at the option of the Insured the purchaser shall be entitled to benefit under this Policy for such damage without prejudice to the rights and liabilities of the Insured or the Company until completion.
Contracting Purchaser’s Interest. If at the time of damage, you have contracted to sell your interest in any building insured and the purchase has not been but will be completed, the purchaser on completion shall be entitled to benefit under this policy without prejudice to the rights and liabilities of you or us from the date of the damage until completion as long as the purchaser has not otherwise insured the building against such damage.
Contracting Purchaser’s Interest. In the event of DAMAGE following the insured having contracted to sell its interest in any building but the purchase has not yet completed, the contracting purchaser who completes the purchase shall have the benefit of the insurance by this section up to the date of completion if and insofar as the building is not otherwise insured and without prejudice to the rights and liabilities of the insured or underwriter.
