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<br />, Oct-28JOA <br /> <br />08:23 <br /> <br />From-BarneyiBarney <br /> <br />1858mmo <br /> <br />T-480 <br /> <br />P005/005 <br /> <br />F-1AT <br /> <br />(3) If the loss arises out of the maintenance or use of "aircraft," "aulas" or watercraft 10 Ihe exient not subject <br />to Exclusion 9- (SECTION I). <br /> <br />When Ihis insurance Is excess, we will have no duty under this policy to defend any "olalm" or "suit' thai any <br />olher insurer has a duty to defend. If no other Insurer defends, we will undertake to do so, bul we will be <br />entitled to Ihe Insured's righls against all those other Insurers. <br /> <br />When this Insurance is excess over other insure nee. we will pay only our share of Ihe amount of the loss, if <br />any, thai exoeeds the sum of: <br /> <br />(1) The loial amaunl that all such other insurance would pay for the loss in the absence of this insurance; and <br /> <br />(2) The total of all deductible and salf-Insured amounts under alllhal other insurance. <br /> <br />We will share Ihe remaining loss, if any, with any other insurance thai is not described In this Excess <br />insurance provision and was nOI bought specifically 10 apply in excess of the limits of Insuranoe shown in the <br />Declarations of Ihis policy. <br /> <br />c. Method of Sharing <br /> <br />If all the other insuranoe permits contribution by equal shares, we will follow this method also. Under this <br />approach each insurer contributes equal amounts until it has paid ~s applicable limit of insuranoe or none of <br />the loss remains, whichever comes first. <br /> <br />If any of the other does not permit oontrlbutlon by equal shares, we will contribute by IImllS. Under this <br />method, each insurer's share is based on the ratio of its applicable limils of insurance to the total applicable <br />limits of insurance of all insureds. <br /> <br />){~~tl/ y/c¡ <br /> <br />/ <br /> <br />Form GN 20 16 14 (ED. 01/95) <br /> <br />Page 2 of 2 <br /> <br />