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b. Available under the applicable limits of insurance; <br /> whichever is less. <br /> This endorsement shall not increase the applicable limits of insurance. <br /> N. BLANKET ADDITIONAL INSURED— MORTGAGEE, ASSIGNEE OR RECEIVER <br /> 1. SECTION II—WHO IS AN INSURED is amended to include as an additional insured ANY person(s) <br /> or organization(s), but only with respect to their liability as mortgagee, assignee or receiver and <br /> arising out of the ownership, maintenance or use of the premises by you and shown in the Schedule. <br /> However: <br /> a. The insurance afforded to such additional insured only applies to the extent permitted by law; <br /> and <br /> b. If coverage provided to the additional insured is required by a contract or agreement, the <br /> insurance afforded to such additional insured will not be broader than that which you are <br /> required by the contract or agreement to provide for such additional insured. <br /> 2. This insurance does not apply to structural alterations, new construction and demolition operations <br /> performed by or for that person or organization. <br /> 3. With respect to the insurance afforded to these additional insureds, the following is added to <br /> SECTION III— LIMITS OF INSURANCE: <br /> If coverage provided to the additional insured is required by a contract or agreement, the most we <br /> will pay on behalf of the additional insured is the amount of insurance: <br /> a. Required by the contract or agreement; or <br /> b. Available under the applicable limits of insurance; <br /> whichever is less. <br /> This endorsement shall not increase the applicable limits of insurance. <br /> O. BLANKET ADDITIONAL INSURED—STATE OR GOVERNMENTAL AGENCY <br /> 1. SECTION II — WHO IS AN INSURED is amended to include as an additional insured any state or <br /> governmental agency or subdivision or political subdivision, subject to the following additional <br /> provision: <br /> This insurance applies only with respect to the following hazards for which the state or governmental <br /> agency or subdivision or political subdivision has issued a permit or authorization in connection with <br /> premises you own, rent or control and to which this insurance applies: <br /> a. The existence, maintenance, repair, construction, erection or removal of advertising signs, <br /> awnings, canopies, cellar entrances, coal holes, driveways, manholes, marquees, hoist <br /> away openings, sidewalk vaults, street banners or decorations and similar exposures; or <br /> b. The construction, erection or removal of elevators; or <br /> C. The ownership, maintenance or use of any elevators covered by this insurance. <br /> XIL 436 0623 ©2023 X.L.America, Inc. All Rights Reserved. Page 9 of 14 <br /> May not be copied without permission. <br /> Includes copyrighted material of Insurance Services Offices, Inc.,with its permission. <br />