ELKS BUILDING ASSOCIATION OF SANTA ANA

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* 061 * 06/07/2021 * UMB 3952752 00 GREAT AMERICAN ALLIANCE INS CO *D/B* 121126296 255044 F. "Electronic data" means information, facts or programs stored as or on, created or used on, or transmitted to or from computer software, hardware, or media, including systems and applications software, hard or floppy disks, CD-ROMS, tapes, drives, cells, data processing devices or any other media which are used with electronically controlled equipment. G. "Employee" includes a "leased worker." "Employee" does not include a "temporary worker." H. "Executive officer" means a person holding any of the officer positions created by your charter, constitution, bylaws or any other similar governing document. I. "Impaired property" means tangible property, other than "your product" or "your work," that cannot be used or is less useful because: 1. it incorporates "your product" or "your work" that is known or thought to be defective, deficient, inadequate or dangerous; or 2, you have failed to fulfill the terms of a contract or agreement; if such property can be restored to use by the repair, replacement, adjustment or removal of "your product" or "your work" or your fulfilling the terms of the contract or agreement. "Impaired property" does not include "electronic data." J. "Insured" means each of the following, to the extent set forth: 1. The Named Insured meaning: a. any person or organization listed in Item 1. of the Declarations, and any Company of which you own more than 50% as of the beginning of the Policy Period. b. any organization you newly acquire or form during the Policy Period, other than a partnership, joint venture or limited liability company, and of which you maintain ownership of more than 50%, will qualify to be a Named Insured. However; (1) coverage for such an organization under this provision is afforded only until the 90th day after you acquire or form the organization or the end of the Policy Period, whichever is earlier; (2) coverage under this provision does not apply to any "bodily injury," "property damage," "personal injury" or "advertising injury" that occurred before you acquired or formed the organization; and (3) coverage under this provision applies only if the organization is insured under one or more of the policies listed in the Schedule of Underlying Insurance, and then for no broader coverage than is provided for that organization under such underlying policies. 2. If you are an individual: a. you and your spouse, but only with respect to the conduct of a business of which you are the sole owner as of the beginning of the Policy Period. b. any person or organization having proper temporary custody of your property if you die, but only: (1) with respect to liability arising out of the maintenance or use of that property; and GAI 6002 (Ed. 04/10) XS (Page 13 of 26)