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have all your rights and duties under this Coverage a. Unnamed Subsidiary Any subsidiary, and subsidiary thereof, of yours wUK* is a legally incorporated entity of which you own o financial interest of more than 509& of the voting stock mnthe effective date of the Coverage Part. The insurance afforded herein for any subsidiary not named in this Coverage Port as a named insured does not apply to injury or damage with respect |owhich an Insured under this Coverage Pod is also an insured under another policy or would be an insured under such policy but for its termination or the exhaustion of its limits of insurance. INewly Acquired orFormed Organization Any organization you newly acquire or forrn, other than a partnership, joint venture or limited liability company, and over which you maintain financial interest of more than 50% of the voting stock, will qualify as a Named Insured if there is no other similar insurance available to that organization. However a. Coverage under this provision Is afforded only until the 180th day after you acquire or form the organization or the end of the policy period, whichever is earlier, h. Coverage A does not apply to "bodily injury" or °pmpurty damage" that orou,nad before you acquired or formed the organization; and c. Coverage B does not apply to "personal and advertising Injury" arising out of on offense committed before you acquired or formed the VnJan|zat|nn. 4. Mobile Equipment With respect to "mobile equipment" registered in your name under any motor vehicle registration law, any person Is an insured while driving such equipment along a public highway with your permission. Any other person or organization responsible for the conduct of such person is also an insured, but only with respect to liability arising out of the operation of the equipment, and only if no other Insurance of any kind is available to that person or organization for this liability. However, no person or organization is an insured with respect to: a. "Bodily injury" to a co -"employee" of the person driving the equipment; o/ b. "Property damage" tu property owned by, rented to. |nthe charge ofuroccupied byyou orthe employer of any person who is an insured under this provision. Page 10 of 18 6. NonownedVUateruraft With respect to watercraft you do not own that is less than 51 feet long and is not being used to carry persons for a charge, any person Is an Insured while operating such watercraft with your permission, Any other person or organization responsible for the conduct of such person is also an insured, but only with respect to liability arising out of the operation of the watercraft, and only If no other 'insurance of any kind Is available to that person or organization forthis Howovmr, noperson ororganization isuminsured with respect to: a. "Bodily injury' to oyee" of the person operating the watercraft; ur b. "Property damage" tuproperty owned by, rented to, |nthe charge oforoccupied byyou orthe employer of any person who Is an insured under this provision, 6. Additional Insureds When Required By Written Contract, Written Agreement OrPermit The following person(s) or orgmn|zaUon(s) are on additional Insured when you have agreed, in a written oontract, written agreement or bmooumo of m permit Issued by o state or political yobdiviuinn, that such person or organization be added as an additional Insured on your policy, provided the injury or damage occurs subsequent to the execution of the contract or agreement. Aperson m/organization ism1additional insured under this provision only for that period of time required by the contract uragreement. However, no such person or organization is an insured under this provision if such person or organization is included as an insured by on endorsement issued by usand made apart cfthis Coverage Part. a. Vendors Any person(s) ororQanizahon(s) (referred to below as vendor), but only with respect to "bodily Injury" "property 'pmparty damogo" arising out of"your products" which are distributed or sold in the regular course K of the vendors business and only this Coverage Part Provides coverage for "bodily injury" or "property damage" included within the "products - completed operations hazard". pmductocoNp|etedopomtionxhmzend". (1) The insurance afforded the vendor iesubject to the following additional exclusions: This insurance does not apply to: (m) "Bodily injury" or "property damage" for which the vendor is obligated to pay damages by reason of the assumption of |}obUby in a contract or agreement. This exclusion does not apply to liability for damages that the vendor would have in the absence oYthe contract oragreement; HG 00 01 06 06