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PYRAMID GROUP INTERNATIONAL, INC. (3)
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PYRAMID GROUP INTERNATIONAL, INC. (3)
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Last modified
5/6/2024 8:39:53 AM
Creation date
7/25/2022 2:34:39 PM
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Contracts
Company Name
PYRAMID GROUP INTERNATIONAL, INC.
Contract #
A-2022-111
Agency
Public Works
Council Approval Date
6/21/2022
Expiration Date
6/20/2025
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AOM1M "'"R7— Commercial General Liability Coverage Form <br />g. All interest on the full amount of any judgment that accrues after entry of the judgment <br />and before we have paid, offered to pay, or deposited in court the part of the judgment <br />that is within the applicable limit of insurance. <br />These payments will not reduce the limits of insurance. <br />2. If we defend an insured against a "suit" and an indemnitee of the insured is also named as a <br />party to the "suit", we will defend that indemnitee if all of the following conditions are met: <br />a. The "suit" against the indemnitee seeks damages for which the insured has assumed the <br />liability of the indemnitee in a contract or agreement that is an "insured contract'; <br />b. This insurance applies to such liability assumed by the insured; <br />c. The obligation to defend, or the cost of the defense of, that indemnitee, has also been <br />assumed by the insured in the same "insured contract"; <br />d. The allegations in the "suit" and the information we know about the "occurrence" are such <br />that no conflict appears to exist between the interests of the insured and the interests of <br />the indemnitee; <br />e. The indemnitee and the insured ask us to conduct and control the defense of that <br />indemnitee against such "suit" and agree that we can assign the same counsel to defend <br />the insured and the indemnitee; and <br />f. The indemnitee: <br />(1) Agrees in writing to: <br />(a) Cooperate with us in the investigation, settlement or defense of the "suit"; <br />(b) Immediately send us copies of any demands, notices, summonses or legal <br />papers received in connection with the "suit"; <br />(c) Notify any other insurer whose coverage is available to the indemnitee; and <br />(d) Cooperate with us with respect to coordinating other applicable insurance <br />available to the indemnitee; and <br />(2) Provides us with written authorization to: <br />(a) Obtain records and other information related to the "suit"; and <br />(b) Conduct and control the defense of the indemnitee in such "suit". <br />So long as the above conditions are met, attorneys' fees incurred by us in the <br />defense of that indemnitee, necessary litigation expenses incurred by us and <br />necessary litigation expenses incurred by the indemnitee at our request will be <br />paid as Supplementary Payments. Notwithstanding the provisions of Paragraph <br />2.b.(2) of Section I — Coverage A— Bodily Injury And Property Damage Liability, <br />such payments will not be deemed to be damages for "bodily injury" and <br />"property damage" and will not reduce the limits of insurance. <br />Our obligation to defend an insured's indemnitee and to pay for attorneys' fees <br />and necessary litigation expenses as Supplementary Payments ends when: <br />a. We have used up the applicable limit of insurance in the payment of <br />judgments or settlements; or <br />b. The conditions set forth above, or the terms of the agreement described in <br />Paragraph f. above, are no longer met. <br />SECTION II — WHO IS AN INSURED <br />1. If you are designated in the Declarations as: <br />Tau j�riraan <br />Risk Muuge ,C p <br />© ISO Properties Inc, 2003 <br />All rights reserved. <br />
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