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CNA CNA PARAMOUNT First Party Terms and Conditions XIV. SALVAGE AND RECOVERIES All salvages, recoveries, and payments, excluding proceeds from subrogation and other insurance, recovered or received prior to a loss settlement under this Policy, shall reduce the loss accordingly. If recovered or received subsequent to a loss settlement under this Policy, such net amounts received shall be divided between the interests concerned in the proportion of such respective interests. XV. SUSPENDED EQUIPMENT The Insurer, or any of the Insurer's representatives, has the right to suspend the insurance provided for covered equipment from an equipment breakdown peril when the equipment is found to be in, or exposed to, a dangerous condition, provided that the Insurer, or any representative, has: A. told the Named Insured of the dangerous condition immediately upon discovering it and informed the Named Insured of the suspension of coverage; and B. mailed or delivered a notice of the suspension to the First Named Insured's last known address or the address where the covered equipment is located. The Named Insured will get a pro-rata refund of premium for the suspended insurance. However, the suspension will be effective even if the Insurer has not yet made or offered a refund. Reinstatement can only be effected by a written endorsement issued by the Insurer. XVI. TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO THE INSURER If the Insurer pays a claim under this Policy, it will be subrogated, to the extent of such payment, to all the Named Insured's rights of recovery from other persons, organizations and entities. The Named Insured will execute and deliver instruments and papers and do whatever else is necessary to secure such rights. The Named Insured shall do nothing to prejudice such rights. The Insurer will have no rights of subrogation against: A. any person or entity who or which is a Named Insured; B. any subsidiary or any entity associated with the Named Insured through ownership or management; C. any other person or entity that the Named Insured waived its rights of subrogation against in writing before the time of loss. XVII. VACANCY If a building where loss or damage occurs has not been used by the Named Insured to conduct its normal business for more than 60 consecutive days before such loss or damage occurs, the Insurer will not pay for any loss or damage caused by any of the following even if they are covered perils: A. vandalism; B. sprinkler leakage, unless the Named Insured has protected the system against freezing; C. building glass breakage; D. water damage; E. theft or attempted theft. With respect to all other covered perils, the Insurer will reduce the amount that would otherwise be paid for the loss or damage by 15%. CNA62647XX 10-15 Copyright CNA All Rights Reserved. — N Risk MmRgzmerttDiAsion REVIEWED & APPROVED BY.- 3 i E� Risk Management Analyst