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months immediately preceding the month in which the loss or damage occurs; and (ii) . We will adjust that total for any normal fluctuations in the amount of accounts receivable for the month in which the loss or damage ,occurred or for any demonstrated variance from the average for that month. (b) The following will be deducted from the total amount of accounts receivable, however that amount is established: (1) The amount of the accounts for which there is no loss or damage; (ii) The amount of the accounts that you are able to re- establish or collect; (iii) An amount to allow for probable bad debts that you are normally unable to collect; and (iv) All unearned interest and service charges. (10) "Stock" you have sold but not delivered at the selling price less discounts and expenses you otherwise would have had. (11)Finished "stock" you manufactured at selling price less discounts and expenses you otherwise would have had. (12) Property in Transit (other than "stock" you have sold) at the amount of Invoice, including your prepaid or advanced freight charges and other charges which may have accrued or become legally due since the shipment. If you have no invoice, actual cash value will apply. (13) "Electronic data ", media and computer "software" programs. For media, at the actual costs of repairing or replacing the media with material of like kind and quality. "Electronic data" and computer "software" programs at the actual cost of reproducing the "electronic data" or computer "software" program, provided you actually reproduce or replace it. To the extent that "electronic data" is not replaced or restored, the loss will be valued at the cost of repair or replacement of the media on which the "electronic data" was stored, with 391 - 1003 06 09 17.984 blank media of substantially identical type. (14)Prepackaged "software" programs and "computer equipment" that cannot be replaced, at the cost of functionally equivalent "software" or "hardware ". (15) Precious metals, such as gold, silver and platinum, at the average market cost of replacements on the date of loss, or the actual cost of the replacement, if less. (16) "Fine Arts ". The value of covered property is not agreed upon, but will be determined at the time of loss or damage. We will not pay more than the least of the following: (a) The actual cash value of the property at the time of loss or damage; or (b) The amount for which you could reasonably expect to pay to have the property . repaired to Its condition immediately prior to the loss. e. Our payment for loss of or 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 lost or damaged property If other than you. If we pay the owners, such payments 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. L 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 loss or damage within 30 days after we receive a properly completed sworn proof of loss, provided you have complied with all of the terms of this policy, and (1) We have reached agreement with you on the amount of loss; or (2) An appraisal award has been made. h. In settling covered losses Involving a party wall, we will pay a proportion of the loss, to the party wall based on your interest in the wall In proportion to the interest of the owner of the adjoining building. A party wall is a wall that separates and is common to adjoining buildings that are owned by different parties. However, if you elect to repair or replace your building and the owner of the adjoining building elects not to repair Includes copyrighted material of Insurance Services Page 40 of 66 Office, Inc. with Its permission