SIIG’s Duties.
SIIG will inspect and examine the Product and the item(s) of Connected Equipment (or at SIIG’s election, your written statement and repair cost estimate for those item(s)). You must return the product for inspection.
If the damage to Connected Equipment is covered by the Connected Equipment Guarantee, SIIG will (in addition to Limited Warranty remedies for the SIIG Product itself) repair (or pay the costs of repair) or replace the Connected Equipment or, at the option of SIIG, as permitted by law, paytotheInitialCustomerthe“AgreedDamageAmount” (up to the aggregate limits stated below) for all item(s) of Initial Customer’s Connected Equipment. The “Agreed Damage Amount” for all items of Initial Customer’s Connected Equipment shall be the lesser of the amount determined under Clause (1) or (2) below, reduced by any amounts described in Clause (3) below:
1.The fair market value of the Connected Equipment as established by the lower of (a) the price list of Orion Blue Book on the date of occurrence if such price list is no longer published, a published or announced price list reasonably selected by SIIG), or (b) the average price the same or similar items are being sold for on
2.The aggregate ceiling amount for all claims by an Initial Customer for Connected Equipment: SIIG A/V PowerSaver 8 - $150,000.00.
3.Theamount(s)ofallpaymentyouhaveorareentitled to receive from insurance, other warranties, extended warranties, or from other sources or persons for the Connected Equipment or damage to
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