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SECTION IV <br />RETAINED LIMIT -- THE AUTHORITIES LIMIT OF LIABILITY <br /> <br />The Authorities Liability as the result of any one OCCURRENCE shall be only the ULTIMATE <br />NET LOSS in excess of the CITY's Retained Limit as specified in Ite~ 5 of the Declarations; <br />and then for an amount not exceeding the amount specified in Item (4) of the Declarations. <br /> <br />For the purpose of determining the Authorities Limit of Liability and the CITY's Retained <br />Limit, all damages arising out of continous or repeated exposure to substantially the same <br />general conditions shall be considered as arising out of one OCCURRENCE. <br /> <br /> SECTION V -- COVERAGE PERIOD AND TERRITORY <br /> <br />Each Insured shall have coverage for all BODILY INJURY. PROPERTY DAMAGE, PUBLIC <br />OFFICIALS ERRORS AND OMISSIONS and PERSONAL INJURY which occur anywhere in <br />the world during the MEMORANDUM PERIOD. <br /> <br />SECTION VI -- ENTITIES OR PERSONS INSURED <br /> <br />The Insureds covered by this agreement are: <br /> <br />A. The CITY; <br /> <br />B. COVERED INDIVIDUALS; <br /> <br />MYrrh respect to any AUTOMOBILE usage, Insured does not include: <br /> <br /> Any person or organization, or any agent or employee thereof, operating an <br /> AUTOMOBILE sales agency, commercial repair shop, commercial service sta- <br /> tion, commercial storage garage or commercial public parking piece, with <br /> respect to an OCCURRENCE arising out of the operation thereof. This does not <br /> apply to publicly owned, ~perated, or publlcly owned and leased parking <br /> garages or lots; or . . <br /> <br /> The owner or any lessee, other than the CITY or COVERED INDIVIDUAL, of a <br /> hired AUTOMOBILE or any agent or employee of such owner or lessee. <br /> <br />Ao <br /> <br />SECTION VII -- EXCLUSIONS <br /> <br />This AGREEMENT does not apply to: <br /> <br />1. Any claims arising ou~ of the contaminatlon o the environment by POLLUTANTS <br /> introduced at anytime into or upon land, the atmosphere or any watercourse or <br /> body of water or aquifer. This exclusion applies whether or not the contamination <br /> is introduced into the environment intentionally or accidentally or gradually or <br /> suddenly and whether or not the insured or any other person or organization is <br /> responsible for the contamination. This exclusion does not apply, however, to <br /> EODILY INJURY OR PROPERTY DAMAGE caused by heat, smoke or fumes from a <br /> hostile fire. As used in this exclusion, a hostile fire means one which Decomes un- <br /> controllable or breaks out where it was not intended to be. <br /> <br />B!C~P 2~9~88 F-4 <br /> <br /> <br />