Common use of Contractual Commitments Clause in Contracts

Contractual Commitments. This Policy insures the amount The Insured is legally liable to pay under contracts for purchases unavoidably not used as a result of the Insured Damage during the Indemnity Period as a result of the Insured Damage, less any sums received or receivable by The Insured in respect of such purchases through any salvage handling operations or resale.