ACCO ENGINEERED SYSTEMS, INC. (2)

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check, mailed or delivered, will be suf- ficient tender of any refund due you. 1. to keep the policies listed in Item 5. of the Declarations in full force and ef- 7. The first Named Insured in Item 1. of fect; the Declarations will act on behalf of all other Insureds with respect to the 2. that the Limits of Insurance of the "un- giving and receiving of notice of can- derlying insurance" policies listed in cellation and the receipt of any refund Item 5. of the Declarations will be that may become payable under this maintained except for any reduction or policy. exhaustion of aggregate limits by pay- ment of claims or suits for "losses" 8. Any of these provisions that conflict covered by "underlying insurance." with a law that controls the cancella- tion of the insurance in this policy is If you fail to comply with these require- changed by this statement to comply ments, we will only be liable to the same with the law. extent that we would have been had you fully complied with these requirements. E. First Named Insured Duties H. Notice of Occurrence The person or organization first named in Item 1. of the Declarations is responsible 1. You must see to it that we are notified for the payment of all premiums. The first as soon as practicable of an occur- Named Insured will act on behalf of all rence which may result in a claim or other Named Insureds for the giving and suit which may involve this policy. To receiving of notice of cancellation or the the extent possible, notice will include: receipt of any return premium that may become payable. a. how, when and where the occur- rence took place; We will be furnished a complete copy of the "first underlying insurance" described b. the names and addresses of any in Item 5. of the Declarations and any injured persons and witnesses; subsequently issued endorsements which may in any way affect this insurance. c. the nature and location of any in- jury or damage arising out of the F. Legal Actions Against Us occurrence. There will be no right of action against us 2. If a claim or suit against any Insured is under this insurance unless: reasonably likely to involve this policy you must notify us in writing as soon 1. you have complied with all the terms as practicable. of this policy; and 3. You and any other involved Insured 2. the amount you owe has been deter- must: mined by settlement with our consent or by actual trial and final judgment. a. immediately send us copies of any demands, notices, summons- This insurance does not give anyone the es or legal papers received in con- right to add us as a party in an action nection with the claim or suit; against you to determine your liability. b. authorize us to obtain records and G. Maintenance of Underlying Insurance other information; During the period of this policy, you agree: c. cooperate with us in the inves- tigation, settlement or defense of the claim or suit; and d. assist us, upon our request, in the enforcemer' -r __.. any person Risk Management Division o A��%. REVIEWED&APPROVED By: A4ff A iismuzza Risk Management Specialist CE 65 24 06 97 (Page 4 of 7)