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H I SCOX Entertainment policy jacket Policy wording 24. No benefit to carrier or No person or organization having custody of insured property will benefit from this insurance other bailee than the insured. 25. Non -Renewal If we decide not to renew this Policy, we will mail or deliver to the first named insured stated in the Declarations written notice of the nonrenewal not less than 60 days before the expiration date. If notice of nonrenewal is mailed, proof of mailing will be sufficient proof of notice. 26. Other insurance If, at the time of the loss, there is other insurance available which would apply in the absence of this Policy, the insurance provided by this Policy will apply as excess insurance over the other insurance whether or not the insured can collect on such other insurance. 27. Premium audit If this Policy is issued on an auditable basis, the estimated premium is based on the exposures that you told us you would have when this Policy began. We will compute the final premium due when we determine your actual exposures. The estimated total premium will be credited against the final premium due and you will be billed for the balance if any. If the estimated total premium exceeds the final premium due, a refund will be issued to the first named insured stated in the Declarations. The first named insured stated in the Declarations is responsible for any additional premium due as a result of an audit. You must keep records of the information we need for premium computation and send us copies at such times as we may request. 28. Recovered property If, after a loss payment by us, any lost or damaged property is recovered by the insured or by us, the party making the recovery must give the other party prompt notice. If any recovered property has a salvage value, we will control the disposition of such salvage. When property is recovered, the insured may either keep the recovered property and return the applicable payment to us or keep the payment and we will keep the recovered property. If any recovered property the insured chooses to keep is in need of repair at the time of recovery, we will pay for the repairs subject to the applicable Limit of Insurance stated in the Declarations and any Basis of Settlement provisions. If any recovered property has salvage value, all amounts recovered by us shall first be applied to the amount that we have paid to the insured with respect to the claim, next to our costs of recovery, including our attorney's fees, and then to reimburse the insured for the insured's deductible amount and any uninsured amounts the insured may have incurred. We will determine the amount of loss or damage on the basis on which it would have been settled had the amount of recovery been known at the time the loss was originally determined. 29. Representations By acceptance of this Policy, you agree that any application form, and any representations and statements made to us by you or by anyone on your behalf are true, accurate and complete, and that we have relied upon such information in issuing this Policy. The application form will be deemed part of the Policy. If we determine that such information or any materials submitted in support thereof were untrue, inaccurate, or misleading in any material respect, then we are entitled to rescind any relevant Coverage Part. 30. Subrogation Upon payment for any loss under this Policy, the insured's rights to recover for the loss from any person or entity shall be transferred to us to the extent of our payment, regardless of whether the Insured has fully recovered or been made whole for the loss. The insured must do nothing after loss to impair such rights. At our request, the insured will bring suit against the persons or entities responsible for the loss or we may bring suit in the insured's name or as the insured's assignee. All amounts recovered by us or by the insured from any such person or entity shall first be applied to reimburse us for the amount that we have paid to the insured with respect to the claim, next to our cost of recovery, including our attorney fees, and only then to the insured for the insured's deductible amount and any uninsured amounts the insured may have incurred or any portion of the loss for which the insured has not been made whole. We will waive the right of recovery we would otherwise have had against another individual or entity only if the insured has waived the insured's right of recovery against such individual or entity in a written contract or agreement that is fully executed before the loss. RiskMansgsmenE Dirvidon RwEwED&APPRovm8r - -- - a aok Management Malyst ENT P4000 CW (3115) — Entertainment Policy Jacket