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SPECIAL PROPERTY COVERAGE FORM (c) Rectified products; or (d) Beer. (9) Applicable to Accounts Receivable: (a) If you can not accurately establish the amount of the accounts receivable outstanding as of the time of physical loss or physical damage the following method will be used: (i) Determine the total of the average monthly value of accounts receivable for 12 months immediately preceding the month in which the direct physical loss or physical damage occurred; and (ii) Adjust the total determined in paragraph (i) above for any normal fluctuations in the value of accounts receivable for the month in which the direct physical loss or physical damage occurred for any demonstrated variance from the average of that month. (b) The following will be deducted from the total value of accounts receivable, however that value is established: (i) The value of the accounts for which there is no physical loss or physical damage; (ii) The value of the accounts that you are able to re-establish or collect; (ii) A value to allow for probable bad debts that you are normally unable to collect; and (iv) All unearned interest and services charged. e. Our payment for physical loss of or physical damage to personal property of others will only be for the account of the owners of the property. We may adjust losses with the owners of physically lost or physically damaged property if other than you. If we pay the owners, such payment will satisfy your claims against us for the owners' property. We will not pay the owners more than their financial interest in the Covered Property. Page 22 of 25 f. We may elect to defend you against suits arising from claims of owners of property. We will do this at our expense. g. We will pay for covered physical loss or physical damage within 30 days after we receive the sworn statement of loss, if: (1) You have complied with all of the terms of this policy; and (2) (a) We have reached agreement with you on the amount of loss, or (b) An appraisal award has been made. h. The following condition applies to any loss payment for Extra Expense: We will deduct from the total Extra Expense to be paid: (1) The salvage value that remains of any property bought for temporary use during the Period of Restoration, once business operations are resumed; and (2) Any Extra Expense that is paid for by other insurance. 6. Recovered Property If either you or we recover any property after loss settlement, that party must give the other prompt notice. At your option, you may retain the property. But then you must return to us the amount we paid to you for the property. We will pay recovery expenses and the expenses to repair the recovered property, subject to the Limits of Insurance. 7. Resumption of Operations In the event of physical loss or physical damage at the "scheduled premises" you must resume all or part of your "operations" as quickly as possible. We will reduce the amount of your: a. Business Income loss, other than Extra Expense, to the extent you can resume your "operations", in whole or in part, by using damaged or undamaged property (including merchandise or stock) at the "scheduled premises" or elsewhere. b. Extra Expense loss to the extent you can return "operations" to normal and discontinue such Extra Expense. 8. Vacancy a. Description of Terms (1) As used in this Vacancy Condition, the term building and the term vacant have the meanings set forth in Paragraphs. ew cF RAMwagementDMsian Jy/\'x REVIEWED & APPROVED BY.- V"° --� Risk janagement Analyst