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  <br />PPB 319 11 10 Page 3 of 4 <br />2. Green Business Personal Property Upgrades <br />a. Paragraph E.5.d.(1) of the Loss Payment <br />Property Loss Condition is amended to <br />include Green Upgrades meaning reason- <br />able additional costs to repair or replace <br />Business Personal Property, in the event of <br />covered direct physical loss or damage, with <br />materials and products that are recognized <br />by a “Green standards-setter” as “Green”, <br />subject to all applicable terms and <br />conditions of this endorsement. Repair or <br />replacement of lost or damaged parts of the <br />Covered Property is at our option. <br />b. With respect to business personal property, <br />Green Upgrade Coverage does not apply to: <br />i. Personal property of others; <br />ii. The Coverage Extension for Personal <br />Effects; <br />iii. Leased personal property; or <br />iv. "Stock". <br />c. The most we will pay for the Green Business <br />Personal Property Upgrades is determined <br />by: <br />i. Multiplying the percentage shown in the <br />declarations; times <br />ii. The amount we would otherwise pay for <br />the direct physical loss of or damage to <br />the building, prior to application of any <br />applicable deductible. <br />iii. However, the most we will pay for the <br />additional cost incurred in any one <br />occurrence, regardless of the number of <br />described premises involved, is $25,000 <br />unless a higher Limit of Insurance is <br />shown in the declarations. <br />B. We will not pay under this endorsement unless the <br />property is actually repaired or replaced at the same <br />or another premises, and unless the repairs or <br />replacement are made as soon as reasonably <br />possible after the loss or damage, not to exceed one <br />year. If the property is being relocated to another <br />premises, the most we will pay for Green Upgrades <br />is the cost of Green Upgrades at the original <br />premises, subject to all other terms and conditions of <br />this endorsement. <br />We may extend the one-year period in writing during <br />the one year after the loss or damage. <br />C. The insurance provided under this endorsement <br />applies only if replacement cost valuation applies to <br />the lost or damaged Building or Business Personal <br />Property. <br /> <br /> <br />D. The insurance provided under this endorsement <br />does not apply to any of the following: <br />1. Any building or business personal property in a <br />building that that has been “vacant” for more <br />than sixty (60) days. <br />2. Any property covered under the Newly Acquired <br />or Constructed Property additional coverage. <br />E. We will not pay under this endorsement for the costs <br />associated with enforcement of or conformance to <br />any standard which: <br />1. Requires the demolition, repair, replacement, <br />reconstruction, remodeling or remediation of <br />property due to contamination by "pollutants" or <br />due to the presence, growth, proliferation, <br />spread or any activity of "fungi", wet rot or dry <br />rot; <br />2. Requires any insured or others to test for, <br />monitor, clean up, remove, contain, treat, <br />detoxify or neutralize, or in any way respond to, <br />or assess the effects of "pollutants", "fungi", wet <br />rot or dry rot. However, this Paragraph, E.2., <br />does not negate the coverage set forth in <br />Building Air-out And Related Air Testing, <br />provided such coverage applies; or <br />3. You were required to comply with before the <br />loss (even if the property was undamaged) and <br />you failed to comply. <br />F. If you elect not to make a Green Upgrade in the <br />course of necessary repair or replacement of the <br />property that has sustained loss or damage, we will <br />settle the loss to such property in accordance with <br />the applicable terms and conditions of this policy <br />excluding this endorsement. <br />G. Business Interruption <br />The following provision applies only to the Additional <br />Coverages for Business Income (including Extended <br />Business Income) and Extra Expense: <br />The "period of restoration" is extended to include <br />the increased period of time attributable to the <br />coverage described in Paragraph A.1. and/or <br />Paragraph A.2. Such extension is limited to thirty <br />(30) days. However this provision does not <br />increase the amount of coverage available based <br />on the applicable Business Income and Extra <br />Expense provision shown in the declarations. <br />H. Definitions <br />As used in this endorsement: <br />1. “Green standards-setter” means an organization <br />or governmental agency which produces and <br />maintains guidelines related to Green products <br />and practices. Green standards-setters include <br />but are not limited to: <br />Exhibit B <br />Docusign Envelope ID: 7D12103B-E5DC-46A2-B6BA-3BD5268ECDA5