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been declared to be hazardous to health by
<br />a governmental agency,
<br />16. "Manager" or "managers" means a person
<br />or persons serving in a directorial capacity
<br />for a limited liability company (LLC).
<br />17. "Member" means an owner of a limited
<br />liability company represented by Its
<br />membership interest, who also may serve as
<br />a "manager ".
<br />18. "Mold" means any mold, fungus, mildew or
<br />yeast including any spores or toxins
<br />produced by or emanating from such mold,
<br />fungus, mildew or yeast.
<br />19. "Money" means:
<br />a. Currency, coins and bank notes in current
<br />use and having a face value; and
<br />b. Travelers checks, register checks and
<br />money orders held for sale to the public.
<br />20. "Occurrence" means all loss or damage that
<br />is attributable directly or indirectly to:
<br />a. One cause, act, event or series of similar,
<br />related causes, acts or events involving
<br />one or more persons; or
<br />b. One cause, act or event, or a series of
<br />similar related causes, acts or events not
<br />involving any person.
<br />21. "Operations" means your business activities
<br />occurring at the described premises.
<br />22. "Payroll expense" means:
<br />a. Payroll;
<br />b. Employee Benefits, If directly related to
<br />payroll;
<br />c. FICA payments you pay;
<br />d. Union dues you pay; and
<br />e. Workers' Compensation premiums.
<br />23. "Period of Restoration"
<br />a. Means the period of time that:
<br />(1) Begins:
<br />(a) After the number of hours shown as
<br />the Business Income Waiting Period
<br />in the Declarations after the time of
<br />direct physical loss or damage for
<br />Business Income Coverage; or
<br />(b) Immediately after the time of direct
<br />physical loss or damage for Extra
<br />Expense Coverage;
<br />caused by or resulting from any
<br />Covered Cause of Loss at the
<br />described premises; and
<br />(2) Ends on the earlier of:
<br />(a) The date when the property at the
<br />described premises should be
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<br />repaired, rebuilt or replaced (to a
<br />condition permitting occupancy)
<br />with reasonable speed and similar
<br />quality; or
<br />(b) The date when business is resumed
<br />at a new permanent location; or
<br />(c) Exhaustion of the number of
<br />consecutive months as shown on
<br />the Policy Declarations Page.
<br />b. Does not include any increased period
<br />required due to the enforcement of any
<br />ordinance or law that:
<br />(1) Regulates the construction, use or
<br />repair, or requires the tearing down of
<br />any property; or
<br />(2) Requires any Insured or others to lest
<br />for, monitor, clean up, remove, contain,
<br />treat, detoxify or neutralize, or in any
<br />way respond to or assess the effects of
<br />"pollutants ".
<br />The expiration date of this policy will not cut
<br />short the "period of restoration ".
<br />24. "Perishable goods" means personal
<br />property:
<br />a, maintained under controlled temperature
<br />or humidity conditions for preservation;
<br />and
<br />b. susceptible to loss or damage if the
<br />controlled temperature or humidity
<br />conditions change.
<br />25. "Pollutants" means any solid, liquid, gaseous
<br />or thermal irritant or contaminant, including
<br />smoke, vapor, soot, fumes, acids, alkalis,
<br />chemicals and waste. Waste includes
<br />materials to be recycled, reconditioned or
<br />reclaimed.
<br />26. "Securities" means negotiable and
<br />non - negotiable instruments or contracts
<br />representing either "money" or other
<br />property and Includes:
<br />a. Tokens, tickets, revenue and other stamps
<br />(whether represented by actual stamps or
<br />unused value in a meter) in current use;
<br />and
<br />b. Evidences of debt issued in connection
<br />with credit or charge cards, which cards
<br />are not issued by you;
<br />but does not Include "money ".
<br />27. "Software" means: processing, recording, or
<br />storage media used for computer processing
<br />operations. This includes films, tapes, cards,
<br />discs, drums, cartridges, or cells.
<br />28. "Specified Causes of Loss" means the
<br />following:
<br />Fire; lightning; explosion, windstorm or hail;
<br />Includes copyrighted material of Insurance Services Page 45 of 66
<br />Office, Inc. with its permission
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