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have all your rights and duties under this Coverage Part Unnamed Subsidiary Any Subsidiary, and subsidiary thereof, of yours which is o legally |nuoqpuooiod entity of which you own m financial interest of more than 5DY6 of the voting stock On the effective date of the Coverage Part. The insurance afforded herein for any subsidiary not named /n this Coverage Part as a named insured does not apply to injury or damage with respect to which an Insured undar this coverage Pad is also an insured undmr another policy or would be an insured under such policy but for its termination or the exhaustion of its limits of insurance. 3. Newly Acquired wrFormed Organization Any organization you newly acquire orform, other than apartnership, joint venture orlimited liability company, and over which you maintain UnencYoY |nimm* of more than 50% o[the voting stock, will qualify oso Named Insured if there Is no other similar insurance available (othat organization, However: a. Coverage undnrthisprovision |safforded only until the 180th day ufto/ ydu acquire or fuml the organization or the end of the policy poMud, whichever |mearlier; b. Coverage A does not apply to "bodily injury" or "property damage" that occurred before you acquired orformed the organization: and n. Coverage B does not apply to "personal and advertising injury" odainQ out of an uKenna committed before you acquired or fnnnod the organization. 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. ^Dm1i|y injury" to a co -"employee" of the parson driving the equipment; o/ b."Property damage" to property owned by, rented to, in the charge ofuroccupied byyou orthe employer of any person who is on insured under this Page 10 of 18 S. NonovvnedWatemnsft 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 for this However, no person or organization is an insured with respect to: a. "Bodily injury" to a co -"employee" of the ponmo operating the watercraft; o/ b�"Property damoge"tmproperty owned by, rented to, /nthe charge ofor000upiedbyyou orthe employer of any person who is on insured under this provision. 6. Additional Ansuredn When Required By VVrdtoo Contract, Written Agreement Or Permit The following (s) or organization(s) are an additional insured when you have agreed, in a written contract, written agreement or because of a permit Issued by a state or political subdivision, 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 8persx) or organization is an additional insured under this provision only for that period of time required by the contract nragreement. However, no such person or organization is on iowomd under this provision if such panyoM or nn]mnized|on is included as an insured by on endorsement issued by usand made apart ofthis Coverage Part. a. Vendors Any person(s) or organization(s) (referred to below as vendor), but only with respect to "bodily injury" nr"property damage" arising Out of"Your products" which are disthbutad or sold in the regular course of the vendors business and on|y ifthis Coverage Pert provides nuvouoge for "bodily injury" or "property damage" included within the "products - completed operations hazard". (1) The insurance afforded the vendor issubject tn the following additional exclusions: This insurance does not apply to: (a) "Bodily injury" or "property damage" for which the vendor is obligated to pay damages by momnn of the assumption of liability in o contract or agreement. This exclusion dnma not apply to liability for damages that the vendor would have in the absence ofthe contract oragreement; HG 00U4 06 06