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that are in excess of the applicable limit of insurance An agreed settlement means a settlement and release of liability signed by us. the insured and the claimant or the claimant's legai representative 4. Other Insurance If other valid and collectible insurance is available to the insured for a loss we cover under Coverages A or B of this Coverage Part. our obligations are limited as follows: a. Primary Insurance This insurance is primary except when b, below aoplies If other insurance is also primary, we will share with all that other insurance by the method described in c. below, b. Excess Insurance This insurance is excess over any of the other insurance. whether primary, excess contingent or on any other basis (1) Your Work That is Fire, Extended Coverage, Builder's Risk, Installation Risk or simkar coverage for "your work ", (2) Premises Rented To You That is fire, lightning or explosion insurance for premises rented to you or temporarily occupied by you with permission of the owner. (3) Tenant Uability That is insurance purchased by you to cover your liability as a tenant for "property damage" I o premises rented to you or temporarily occupied by you with permission of the owner (4) Aircraft, Auto Or Watercraft If the loss arises out of the maintenance or use of aircraft, "autos" or watercraft to the extent not subject to Exclusion g. of Section I — Coverage A — Bodily Injury And Property Damage Liability: (5) Property damage to Borrowed Equipment Or Use Of Elevators f the loss arises out of "property damage" to borrowed equipment or the use of elevators to the extent not subject to Exclusion 1 of Section I - Coverage A - Bodily Injury And Property Damage Liabllhy; (6) When You Are Added As An Additional Insured To Other Insurance Any other insurance available to you covering liability for damages arising out of the premises or operations, or products and completed operations, for which you have been added as an additional insured by that insurance; or Page 14 of 18 (7) When You Add Others As An Additioital Insured To This Insurance Any other insurance available to ar additional insured However. the following provisions ap y no other insurance available to any ersoln or organization who is an additional insurediunder this coverage part. (a) Primary Insurance When Re uirad By Contract This insurance is primary V you have agreed in a written contract or written agreement that this insurance be pr ma I`fIother insurance is also primary, we will shade with all that other insurance by t e irroethod described in c. below. (b) Primary And Non- Contributory To iOther Insurance When Required By C nWct If you have agreed in a writtei contract, written agreement, or permit that this insurance is primary and non- oniribuiory with the additional insured's own insr4ance. this insurance is primary aril Mill riot seek contribution from that other f surance. Paragraphs (a) and (b) do not app y to' other insurance to which the additional f surd has been added as an additional insured. When this insurance is excess, we 1 ai�e no duty under Coverages A or B to defend helinsured against any "suit" if any other insurer h alttuty!to defend the insured against that "suit`, If nod other insurer defends, we will undertake to do so. but we will be entitled to the insured's rights against all those other insurers. When this insurance is excess er other insurance, we will pay only our share of a a(riount of the loss, if any, that exceeds the sum f- (1) The total amount that all such othe insurance would pay for the loss in the abse ce of this insurance: and (2) The total of all deductible and elfainsured amounts under all that other insuran . We will share the remaining loss, if any, vOt!h any other insurance that is not described in t iis ILxcei;s Insurance provision and was not bought peelfically I o apply in excess of the Limits of Insure ce shown in the Declarations of this Coverage Part c. Method Of Sharing If all of the other insurance permits can bbl ` n by equal shares, we will follow this method Iso(�nder this approach each insurer contri esi equal amounts until it has paid its appliaa a !1111 it of insurance or none of the loss remains, whi hever comes first HG t1b 011 106 05