Common use of Electronic Data Exclusion Clause in Contracts

Electronic Data Exclusion. Notwithstanding any provision to the contrary within the “Memorandum” or any endorsement thereto, it is understood and agreed as follows: a. This “Memorandum” does not insure loss, damage, destruction, distortion, erasure, corruption or alteration of ELECTRONIC DATA from any cause whatsoever (including but not limited to COMPUTER VIRUS) or loss of use, reduction in functionality, cost, expense of whatsoever nature resulting therefrom, regardless of any other cause or event contributing concurrently or in any other sequence to the loss. ELECTRONIC DATA means facts, concepts and information converted to a form useable for communications, interpretation or processing by electronic and electromechanical data processing or electronically controlled equipment and includes program, software, and other coded instructions for the processing and manipulation of data or the direction and manipulation of such equipment. COMPUTER VIRUS means a set of corrupting, harmful or otherwise unauthorized instructions or code including a set of maliciously introduced unauthorized instructions or code, programmatic or otherwise, that propagate themselves through a computer system or network of whatsoever nature. COMPUTER VIRUS includes but is not limited to "Trojan Horses", "worms" and "time or logic bombs". b. However, in the event that a “Peril” listed below results from any of the matters described in paragraph a) above, this “Memorandum” , subject to all its terms, conditions and exclusions will cover physical damage occurring during the Memorandum” period to property insured by this “Memorandum” directly caused by such listedperil.

Electronic Data Exclusion. Notwithstanding any provision to the contrary within the “Memorandum” or any endorsement thereto, it is understood and agreed as follows: a. This “Memorandum” does not insure loss, damage, destruction, distortion, erasure, corruption or alteration of ELECTRONIC DATA from any cause whatsoever (including but not limited to COMPUTER VIRUS) or loss of use, reduction in functionality, cost, expense of whatsoever nature resulting therefrom, regardless of any other cause or event contributing concurrently or in any other sequence to the loss. ELECTRONIC DATA means facts, concepts and information converted to a form useable for communications, interpretation or processing by electronic and electromechanical data processing or electronically controlled equipment and includes program, software, and other coded instructions for the processing and manipulation of data or the direction and manipulation of such equipment. COMPUTER VIRUS means a set of corrupting, harmful or otherwise unauthorized instructions or code including a set of maliciously introduced unauthorized instructions or code, programmatic or otherwise, that propagate themselves through a computer system or network of whatsoever nature. COMPUTER VIRUS includes but is not limited to "Trojan Horses", "worms" and "time or logic bombs". b. However, in the event that a “Peril” listed below results from any of the matters described in paragraph a) above, this “Memorandum” ”, subject to all its terms, conditions and exclusions will cover physical damage occurring during the Memorandum” period to property insured by this “Memorandum” directly caused by such listedperil.