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CNA CNA PARAMOUNT First Party Glossary of Defined Terms Newly Acquired Location Newly acquired location means a fixed premises the Named Insured owns, leases, rents or controls. The premises becomes a newly acquired location on the later of: A. the date the Named Insured obtains possession or control of the premises; or B. the date the real property, personal property, fine arts, records of accounts receivable or media for which the Named Insured has an insurable interest is placed at the premises. Newly acquired location does not include: 1. a location; 2. an unspecified location; 3. a reported unspecified location; 4. an installation location; or 5. a fair, trade show or exhibition. Occurrence Occurrence means one event or a series of related events that contribute concurrently to or contribute in any sequence to physical loss of or damage to property. However, with respect to: A. the equipment breakdown peril, occurrence means all equipment breakdowns that manifest themselves at the same time and are the result of the same cause, regardless of the number of locations or reported unspecified locations or other premises involved. B. a named storm, occurrence means each named storm. If a named storm is downgraded to a tropical depression, such tropical depression shall be considered a separate occurrence. C. theft, occurrence means all loss sustained by the Named Insured caused by 1. any single act or series of related acts; 2. any act or acts involving one person, or a group of persons acting together; or 3. an act or event, or a series of related acts or events, not involving any identifiable person. D. volcanic eruption, occurrence means all volcanic eruptions, explosions or effusions that occur within any 168 hour period. E. Employee Theft Coverage or Employee Theft of Client Property Coverage, occurrence means: 1. any single act; 2. the combined total of all separate acts whether or not related; or 3. a series of acts whether or not related, committed by an employee, acting alone or in collusion with other persons, or any group of employees acting together, even if in collusion with other persons, during the policy period, before the policy period or both, subject to the Loss Sustained During Prior Policy Condition under the BUSINESS CRIME COVERAGE CONDITIONS in the First Party Terms and Conditions. F. Forgery or Alteration Coverage, occurrence means: 1. any single act; 2. the combined total of all separate acts whether or not related; or 3. a series of acts whether or not related, CNA62641XX 10-15 Copyright CNA All Rights Reserved. HortaN Risk MmRgzmerttDiAsian r� ^ecoG< REVIEWED & APPROVED BY.- o z Risk Management Analyst