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or replace that building, we will pay you the full value of the loss to the party wall, subject to all applicable policy provisions Including Limits of Insurance, the Valuation and all other provisions of this Loss Payment Condition. Our payment under the provisions of this paragraph does not alter any right of subrogation we may have against any entity, Including the owner or insurer of the adjoining building, and does not alter the terms of the Transfer Of Rights Of Recovery Against Others To Us Condition in this policy. 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 of Section I - Property. 7. 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 (a) and (b) below: (a) When this policy is issued to a tenant, and with respect to that tenant's interest in Covered Property, building means the unit or suite rented or leased to the tenant. Such building is vacant when it does not contain enough business personal property to conduct customary operations. (b) When this policy is issued to the owner or general lessee of a building, building means the entire building. Such building is vacant unless at least 31% of its total square footage is: (i) Rented to a lessee or sub - lessee and used by the lessee or sub - lessee to conduct its customary operations; and/or (ii) Used by the building owner to conduct customary operations. (2) Buildings under construction or renovation are not considered vacant. b. Vacancy Provisions If the building where loss or damage occurs has been vacant for more than 60 consecutive days before that loss or 391 - 1003 06 09 17,985 The Hanover Insurance Croup.. 0133 9898815 1001051 damage occurs: (1) We will not pay for any loss or damage caused by any of the following even If they are Covered Causes of Loss: (a) Vandalism; (b) Sprinkler leakage, unless you have protected the system against freezing; (c) Building glass breakage; (d) Water damage; (e) "Theft "; or (f) Attempted "theft ". (2) With respect to Covered Causes of Loss other than those listed in Paragraphs (1)(a) through (1)(0 above, we will reduce the amount we would otherwise pay for the loss or damage by 15 %. 8. Pair, Sets or Parts In case of loss of or damage to: a. Any part of a pair or set, we may: (1) Repair or replace any pair or set to its value before the loss or damage; or (2) Pay the difference between the value of the pair or set before and after the loss or damage. b. Covered Property consisting of several parts when complete, we will only pay for the value of the lost or damaged part. F. Property General Conditions 1. Control Of Property Any act or neglect of any person other than you beyond your direction or control will not affect this insurance. The breach of any condition of this Coverage Form at any one or more locations will not affect coverage at any location where, at the time of loss or damage, the breach of condition does not exist. 2. Mortgageholders a. The term mortgageholder Includes trustee. b. We will pay for covered loss of or damage to buildings or structures to each mortgageholder shown in the Declarations in their order of precedence, as interests may appear. c. The mortgageholder has the right to receive loss payment even If the mortgageholder has started foreclosure or similar action on the building or structure. d. If we deny your claim because of your Includes copyrighted material of Insurance Services Page 41 of 66 Office, Inc. with Its permission