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FIREPE, INC. (2)
City of Pleasanton
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FIREPE, INC. (2)
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Last modified
10/31/2025 10:02:05 AM
Creation date
10/31/2025 9:54:44 AM
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CONTRACTS
Description Type
Other
Contract Type
New
NAME
FIREPE, INC.
Contract Record Series
704-05
Contract Expiration
6/30/2027
NOTES
THROUGH LIVERMORE FINANCE. CONTRAT WILL BE IHPUT BY LIVERMORE ONCE EXECUTED.
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PPB 301 01 18 Page 8 of 10 <br />(3) The most we will pay under this Coverage <br />Extension for loss of or damage to “valuable <br />papers and records” in any one occurrence is <br />$100,000 unless a higher limit of insurance is <br />scheduled in the Declarations, regardless of the <br />number of described premises involved. <br />The following is added to the Coverage Extension e. <br />Valuable Papers and Records: <br />With respect “valuable papers and records” of others <br />in your care, custody, or control covered under this <br />Coverage Extension, the owner may have other <br />insurance covering the same property as this <br />insurance. This insurance is intended to be primary, <br />and not contribute with such other insurance. <br />18. Accounts Receivable <br />The following changes Coverage Extensions f. <br />Accounts Receivable, paragraph (2) as follows: <br />(2) The most we will pay under this Coverage <br />Extension for loss or damage in any one occur- <br />rence, whether at or away from the described <br />premises, is $250,000, unless a higher Limit of <br />Insurance for accounts receivable is shown in the <br />Declaration. <br />19. Business Income And Extra Expense – Billable <br />Hours Option <br />You may choose to have a covered business income <br />loss paid on a Billable Hours basis. If you do so, the <br />following applies under this Coverage Extension with <br />respect to such loss: <br />Paragraph A.5.f.(1)(c) is replaced by the following: <br />(c) Business Income means: <br />(i) The income that would have been generated <br />from Billable Hours normally charged by you <br />or to your clients for services performed by <br />you or your employees if no physical loss or <br />damage occurred; and <br />(ii) Other income of your business that would <br />have been earned or incurred if no physical <br />loss or damage occurred; but <br />Minus expenses which do not necessarily <br />continue. <br />Within Paragraph A.5.f.(1)(c), the term Billable <br />Hours replaces the term Net Income as <br />referenced within such provision: <br />(i) Billable Hours means the dollar value <br />assigned to one hour of service you normally <br />charge to a client for work performed by you <br />or your employees including time charged for <br />support functions such as copying and <br />typing; <br />(ii) The most we will pay for loss of business <br />income under this Coverage Extension in any <br />one occurrence is $50,000; and <br />This option is not available for any coverage <br />provided by A.5. Additional Coverages, i. Civil <br />Authority. <br />20. Computer Fraud <br />a. When a Limit of Insurance is shown in the <br />Declarations for Business Personal Property at <br />the described premises, you may extend that limit <br />of insurance to apply to loss of or damage to <br />Business Personal Property resulting directly <br />from the use of any “computer” to fraudulently <br />cause a transfer of that property from inside the <br />building at the described premises or “banking <br />premises”. <br />b. Limitations paragraph A.4.a.(4) does not apply <br />to this Coverage Extension. <br />c. The most we will pay under this Coverage <br />Extension in any one occurrence is $25,000, <br />regardless of the number of premises involved. <br />21. Limited Building Coverage – Tenant Obligation <br />a. When a Limit of Insurance is shown in the <br />Declarations for Business Personal Property at <br />the described premises you may extend that <br />insurance to apply to direct physical loss of or <br />damage to that part of a building you occupy as a <br />tenant caused by or resulting from a Covered <br />Cause of Loss provided that: <br />(1) You are a tenant; and <br />(2) You are contractually obligated to repair or <br />replace that part of a building you occupy as <br />a tenant. <br />b. This Coverage Extension does not apply to any <br />otherwise covered: <br />(i) Building glass; or <br />(ii) Tenants improvements and betterments as <br />described in Paragraph A.1.b.(3). <br />c. The most we will pay under this Coverage <br />Extension in any one occurrence is $10,000 at <br />each described premises. <br />22. Water Back Up And Sump Overflow <br />a. When a Limit of Insurance is shown in the <br />Declarations for Building or Business Personal <br />Property at the described premises, you may <br />extend that limit of insurance to apply to direct <br />physical loss of or damage to Covered Property <br />at the described premises caused by or resulting <br />from water or sewage that backs up or overflows <br />from a sewer, drain, or sump resulting from: <br />Exhibit B <br />Docusign Envelope ID: 7D12103B-E5DC-46A2-B6BA-3BD5268ECDA5
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