|
rhe insurance afforded herein for any
<br />subsidiary not named in this Coverage Part
<br />as a naimed insured does not apply to injury
<br />or damage wiith respect to, which such, insured
<br />is also a nainied insured under ainother pollicy
<br />or would be a, named insured under such
<br />policy but for its termination or the, exhaustion
<br />of its Ililmits of lrisurainc8,
<br />3. Newly Acq uJI red Or Formed Ori nizatio n
<br />Any arganization you newly acquire or form,
<br />other than a partnership, joint venture, or Illlimlited
<br />liability company, and over which your maintain
<br />financial interest of more than 50% of the voting
<br />stock, wiII qL[alify as a Named Insured if there is
<br />no other similar insurance available to that
<br />orgainizatilon, However:
<br />a» Coverage under this provision is afforded only
<br />until 'the 180th day after you acquire or form
<br />the organization or the end of the poticy
<br />1perjiod, whichever is i
<br />b. Coverage A does not aipi#ly to "bodily injury"'
<br />or "property darnage" that occurred before
<br />you acquired or formed the organization; and
<br />c,, Coverage B does not apply to `personal and
<br />advertising injury" arising out of an offense
<br />corrimitted before you acquired or formed flee
<br />organization
<br />4. Noniownied Watercraft
<br />With respei watercraft you do, not. own that is
<br />less than, 5,1 feet long and is, not b6ng used to
<br />carry, persons for a charge, any person is an
<br />insured while operating such watercraft with your
<br />perrnission. Any other person or' organization
<br />responsible for" the conduct of such person is
<br />also an, insured, but only with respect to liability
<br />arising out of the operation of the watercraft. and
<br />only if no other insurance of any kind is available
<br />to that person or organization for this liability,
<br />However, no, person or organization is an insured
<br />with respect to:
<br />a» "Bodily injury" to, a co -"employee" of the
<br />person operafing the waterciraft;, or
<br />b. "Property damage" to property owined by,
<br />rented to, in the charge of or occupied by you
<br />or the eimpiloyer of any person who is an
<br />insured under this provision.
<br />5w Additional Insureds When Required By
<br />Written Contract, Written Agreement Or
<br />Permit
<br />The following persons) or organization(s) are an
<br />additional insured when you have agreed, iin, a
<br />written contract, written agreement or because of
<br />a permit issued by a state or poilifical subdIvision,
<br />thiat such person or organization be added as an
<br />additional insured on your pollicy, provided the
<br />injury or damage occurs subseq&lient to the
<br />execution of the contract or agireeiryi,ent.
<br />Page 12 of 21
<br />,A person air organization is ainadditional insured
<br />under this provision only for that period of firne
<br />required by the, contract or agreement.
<br />However, no such person or organization is an
<br />insured undler this provision if sucth person or
<br />organization is included as an insured by an
<br />endorsement issued by us and made a part of
<br />this, Coverage Par I..
<br />ia. Vendors
<br />Any, person(s) or organization(s) (referred to
<br />below as vendlor), but orilly with respect 'to
<br />"bodily injury' or "property darnage"' arising
<br />out of "'your products" which are distributed of
<br />sold in, the regular course of the vendor's
<br />blusiness and only if i Coverage Part
<br />provides coverage for "bodily injury" or
<br />property darinage" included Mi the
<br />products-corripleted operations hazard".
<br />(i), The insuirance afforded the vendor is
<br />subject to the following additional
<br />exclusions:
<br />This insurance does not apply to:
<br />(a), "i injury" or "property damage"' for
<br />whijch the vendor is obligated to pay
<br />damages, by reason of the assumpifion
<br />of liabiillity in a cointract or agreement,
<br />This exclusion does not apply to,
<br />liability for damages that the vendor
<br />would have in, the absence of the
<br />contract or agirelement',
<br />M Any express warranty unaluthorized by
<br />you "
<br />(c) Any physical air chemicall change in the
<br />piroduct made intentionally by the
<br />vendor;
<br />(d) Repackaging, except when unpacked
<br />solely for the purposle of inspection,,
<br />demonstration, testing, or the
<br />subStitUtion of parts, under instructions
<br />from -the manufacturer, and i
<br />repackaged in'the original container;
<br />(e) Any fafluirei to make such linspections,
<br />adijustments, tests or s8irviiciing as the
<br />vendor has agreed to make or nofmaifly
<br />undertakes to, make in the usual
<br />course of business, in connection with
<br />the distriiblution or sale of the products-,
<br />(f) Demonstration, installation, servicing
<br />or repair operations, except such
<br />operabons perfornied ait the vendor's
<br />premises in (A)rinection with the sale of
<br />the product;
<br />(S) Products which, after distribution or
<br />sale by you, have been lalbeledl or
<br />relabeled or used as a cointainer, part
<br />,or ingredient
<br />substaince by o ep ..cF RAMwagmedDMsiun
<br />Jy? N,�q REVIEWED & APPROVED BY.-
<br />F04C.�" z VX*vd
<br />RtWjanagementftalpt
<br />
|