<p>It is noted and agreed that in the event of loss or damage to spare parts of pair &amp; set and other spare parts currently insured under this Policy becoming obsolete following an indemnifiable loss to the operating unit and/or units to which they belong, such spare parts shall also be deemed a constructive total loss provided that such parts cannot be used as spares and the insured surrenders the remaining parts or articles of the pair &amp; set to the Insurer for any other units. The Company retains the salvage rights over such parts.</p>
