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(d) In the event of damage to or destruction of property covered by this exception, you shall, if <br /> requested by us, replace the property or furnish the labor and materials necessary for <br /> repairs thereto, at actual cost to you, exclusive of prospective profit or overhead charges of <br /> <br /> ~ any nature. <br /> (e) $2,500 shall be deducted from the total amount of all sums you became obligated to pay as <br /> damages on account of damage to or destruction of all property of each person or <br /> organization, .including the loss of use. of that property, as a result of each "occurrence." <br /> Our limit of liability under the endorsement as being applicable to each "occurrence" shall <br /> be reduced by the amount of the deductible indicated above; however, our aggregate limit <br /> of liability under this provision shall not be reduced by the amount of such deductible. The <br /> conditions of the policy, including those with respect to duties in the event of "occurrence," <br /> claims or "suit" apply irrespective of the application of the deductible amount. Vile may pay <br /> any part or all of the deductible amount to effect settlement of any claim or "suit" and., upon <br /> notification of the action taken, you shall promptly reimburse us for such part. of ,the, <br /> . deductible amount as has been paid by us. <br /> GL-3085 (01/06) -10- <br /> <br />