Insured Damage means that part of any damage occurring to the Leased Premises of which the entire cost of repair is actually recovered by the Landlord under a policy of insurance in respect of fire and other perils from time to time effected by the Landlord, or for which the Landlord has self-insured under Section 9.1 herein.

Insured Damage means damage to the Property by any of the Insured Risks but excluding any Uninsured Damage and any damage in relation to which the Landlord's insurance is made less effective by the Tenant (unless the Tenant promptly pays to the Landlord the amount of insurance monies so made irrecoverable);

Insured Damage means that part of any damage occurring to the Leased Premises of which the entire cost of repair (or the entire cost of repair other than a deductible amount collectable by the Landlord as part of the Operating Costs) is actually recoverable by the Landlord under a policy of insurance in respect of fire and other perils from time to time effected by the Landlord. Where an applicable policy of insurance contains an exclusion for damages recoverable from a third party, claims as to which the exclusion applies shall be considered to constitute Insured Damage only if the Landlord successfully recovers from the third party.

Examples of Insured Damage in a sentence

Equipment on loanWe will pay for Insured Damage to items that You have on loan temporarily, to replace insured Computer Systems or Electronic Equipment where We have admitted a claim under this section.
Insured Damage occurring to Electronic Equipment during any period when it is out of Your possession on hire, rental, lease or loan.
Insured Damage caused by atmospheric conditions, moisture or change in temperature unless directly resulting from Damage to, or the malfunctioning of, air conditioning equipment.
Insured Damage covered under any manufacturers’ or suppliers’ guarantee/warranty or which would have been covered but for a breach of Your obligations under the terms of the guarantee/warranty.
However, We shall be liable for Insured Damage (not otherwise excluded by this section) which is not recoverable under such agreement, warranty, guarantee or indemnity by reason of a specific exclusion contained in that agreement, warranty, guarantee or indemnity.

More Definitions of Insured Damage

Insured Damage. (as herein defined). The Landlord shall in no event be required to make repairs to Leasehold Improvements made by the Tenant, or by the Landlord on behalf of the Tenant or another tenant or to make repairs to wear and tear within the Leased Premises.

Insured Damage means sudden and unforeseen Loss and/or Damage to an Insured Item necessitating repair or replacement to allow continuation of its use.

Insured Damage means sudden and unforeseen physical loss and/or physical damage to an Insured Item necessitating repair to allow continuation of use.

Insured Damage means accidental Damage to Property occurring during the Period of Insurance provided that:

Insured Damage means that part of the damage occurring to any portion of the Leased Premises for which the Landlord is responsible of which the entire cost of repair is actually recoverable by the Landlord under a policy of insurance in respect of fire and other perils from time to time effected by the Landlord or, if and to the extent that the Landlord has not insured and is deemed to be a co-insurer or self-insurer pursuant to section 12.01, would have been recoverable had the Landlord effected insurance in respect of perils and to amounts and on terms for which it is deemed to be insured;

Insured Damage means a cause of loss or damage as described and limited for which this policy offers coverage.