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PI-GLD-HS(10/11) <br />DG<5C>O5I>DC>H5C>CHJG98DCANL>I=G9HE97IIDA>56>A>IN:DGQ6D8>AN>C?JGN&RQEGDE9GIN85B5<9R or <br />QE9GHDC5A5C858K9GI>H>C<>C?JGNR7 aused,inwholeorinpart,byyourmaintenance,operation <br />oruseofequipmentleasedtoyoubysuchpersonororganization. <br />A E9GHDCSHDGDG<5C>O5I>DCSHHI5IJH5H5C588>I>DC5A>CHJG98JC89GI=>H9C8DGH9B9CI9C8H <br />whentheircontractoragreementwithyouforsuchleasedequipmentends. <br />Withrespecttotheinsuranceaffordedtotheseadditionalinsureds,thisinsurancedoesnot <br />5EEANID5CNQD77JGG9C79RL=>7=I5@9HEA5795:I9GI=99FJ>EB9CIA95H99ME>G9H' <br />h.GrantorsofPermits P Anystateorpoliticalsubdivisiongrantingyouapermitinconnection <br />withyourpremisessubjecttothefollowingadditionalprovision: <br />(1)Thisinsuranceappliesonlywithrespecttothefollowinghazardsforwhichthestateor <br />politicalsubdivisionhasissuedapermitinconnectionwiththepremisesyouown,rentor <br />controlandtowhichthisinsuranceapplies: <br />(a)Theexistence,maintenance,repair,construction,erection,orremovalofadvertising <br />signs,awnings,canopies,cellarentrances,coalholes,driveways,manholes, <br />marquees,hoistawayopenings,sidewalkvaults,streetbannersordecorationsand <br />similarexposures; <br />(b)Theconstruction,erection,orremovalofelevators;or <br />(c)Theownership,maintenance,oruseofanyelevatorscoveredbythisinsurance. <br />i.Vendors P/CANL>I=G9HE97IIDQ6D8>AN>C?JGNRDGQEGDE9GIN85B5<9R5G>H>C<DJID:QNDJG <br />EGD8J7IHR whicharedistributedorsoldintheregularcourseofthevendor'sbusiness,subject <br />tothefollowingadditionalexclusions: <br />(1)Theinsuranceaffordedthevendordoesnotapplyto: <br />(a)"Bodilyinjury"or"propertydamage"forwhichthevendorisobligatedtopay <br />damagesbyreasonoftheassumptionofliabilityinacontractoragreement.This <br />exclusiondoesnotapplytoliabilityfordamagesthatthevendorwouldhaveinthe <br />absenceofthecontractoragreement; <br />(b)Anyexpresswarrantyunauthorizedbyyou; <br />(c)Anyphysicalorchemicalchangeintheproductmadeintentionallybythevendor; <br />(d)Repackaging,exceptwhenunpackedsolelyforthepurposeofinspection, <br />demonstration,testing,orthesubstitutionofpartsunderinstructionsfromthe <br />manufacturer,andthenrepackagedintheoriginalcontainer; <br />(e)Anyfailuretomakesuchinspections,adjustments,testsorservicingasthevendor <br />hasagreedtomakeornormallyundertakestomakeintheusualcourseofbusiness, <br />inconnectionwiththedistributionorsaleoftheproducts; <br />(f)Demonstration,installation,servicingorrepairoperations,exceptsuchoperations <br />performedatthevendor'spremisesinconnectionwiththesaleoftheproduct; <br />Page8of12 <br />IncludescopyrightedmaterialofInsuranceServicesOffice,Inc.,withitspermission. <br />©2011PhiladelphiaIndemnityInsuranceCompany <br /> <br />