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Except with respect to the applicable Limit(s) of Liability and any rights or duties specifically assigned to the
<br /> Insured, this insurance applies separately to each Insured against which a Claim is made. Misrepresentation,
<br /> concealment, breach of condition, or violation of any duty under this policy by one Insured will not prejudice the
<br /> interests of or coverage afforded to another Insured under this policy.
<br /> K. Sole Agent
<br /> If there is more than one (1) Named Insured in this policy, then the Named Insured that is listed in the
<br /> Declarations shall act on behalf of all Insureds for all purposes, including but not limited to the payment or
<br /> return of premium, responsibility for payment of any Self-Insured Retention, receipt and acceptance of any
<br /> endorsement issued to form a part of this policy, complying with all applicable claims provisions, giving and
<br /> receiving notice of cancellation or nonrenewal, and the exercise of the rights provided in the Automatic
<br /> Extended Reporting Period, Optional Extended Reporting Period, if applicable, or Subsection IX.L.
<br /> Subrogation.
<br /> L. Subrogation
<br /> In the event of any payment under this policy, we shall be subrogated to all the Insureds' rights of recovery
<br /> against any person or organization, and the Insureds shall execute and deliver instruments and papers and do
<br /> whatever else is necessary to secure such rights. The Insureds shall do nothing to prejudice such rights.
<br /> We shall not exercise any such rights against any person(s),firm(s)or corporation(s) included in the definition of
<br /> Insured, against the Insured's clients, or as may be required by a written contract or agreement if, prior to the
<br /> Claim, the Insured contractually agreed to or entered into a legally enforceable waiver of subrogation.
<br /> For any recovery obtained through subrogation, after expenses incurred in such subrogation are deducted by
<br /> the party bearing the expense, reimbursement will be made in the following order:
<br /> 1. First, to any interest who has paid any amount in excess of the Limits of Liability provided under this policy;
<br /> 2. Next, to us; and
<br /> 3. Then to any interests as are entitled to claim the remainder, if any.
<br /> M. Policy Territory
<br /> Coverage under this policy will extend to Claims, Wrongful Acts, Pollution Events taking place, and
<br /> Damages or Loss incurred anywhere in the world, where permitted by applicable law. All premiums, Limits of
<br /> Liability, Self-Insured Retentions, Claim Expenses, Cleanup Costs, Damages, Loss, Mitigation Costs and
<br /> Expenses, Protective Claim Attorneys' Fees and Expenses, and Rectification Costs and Expenses and
<br /> any other amounts paid under this policy are expressed and payable in the currency of the United States of
<br /> America. If judgment is rendered, settlement is denominated, or another element of Damages or Loss under
<br /> this policy is shown in a currency other than United States dollars, payment under this policy will be made in
<br /> United States dollars at the rate of exchange published in The Wall Street Journal on the date the final judgment
<br /> is reached, the amount of the settlement is agreed upon, or the other element of Damages or Loss are due,
<br /> respectively, or, if not published on such date, the next date of publication of The Wall Street Journal.
<br /> STF-CPP-100-E CW(06/24)
<br /> Page 26 of 26
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