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r <br />Servicing includes any adjustment, assembly <br />disposal, inspection, repair or test. <br />We explain the term your products in the <br />Products and completed work total limit <br />section. <br />Operators of registered mobile equipment Au <br />operators of registered mobile equipment are <br />protected persons for covered bodily injury <br />or property damage that results from their <br />driving of such equipment on a public street <br />or road with your permission. <br />Any person or organization legally <br />responsible for the driving conduct of those <br />operators is also a protected person for <br />such bodily injury or property damage. But <br />only if there's no valid and collectible other <br />insurance available to cover its liability for <br />the operators. <br />However, no operator or any other person or <br />organization is a protected person for: <br />• bodily injury to a feliow employee of the <br />person driving the equipment; or <br />• property damage to property controlled by <br />you or the employer of an operator who <br />is a protected person. <br />Registered mobile equipment means mobile <br />equipment that's registered in your name <br />under a motor vehicle registration law. <br />We explain the terms: <br />• controlled by in the Employees and <br />volunteer workers section; <br />• mobile equipment in the Mobile equipment <br />exclusion; and <br />• other insurance in the Other Insurance <br />section. <br />Unnamed subsidiaries. Any of your <br />subsidiaries, other than a partnership, joint <br />venture, or limited liability company, that <br />isn't shown in the Introduction as a named <br />insured is a protected person if you own <br />more than 50% of it on the beginning date <br />of this agreement. <br />However, no unnamed subsidiary is a <br />protected person for: <br />• bodily injury or property damage that <br />happened before you own more than 50% <br />of it; <br />• personal injury or advertising injury that <br />results from an offense that's committed <br />before you own more than 50% of it; or <br />• injury or damage that's covered by other <br />similar general liability insurance. <br />Dwn more than 50°~ of means own more <br />than 5096 of the outstanding voting <br />securities representing the present right to <br />vote for the election of directors of the <br />organization. <br />Newly acquired ar forted organi~tioas. Any <br />organization that you acquire or form while <br />this agreement is in effect that isn't a <br />partnership, joint venture, or limited liability <br />company is a protected person if you own <br />more than 50% of it. <br />However, no newly acquired or formed <br />organization is a protected person for: <br />• more than the remainder of the time this <br />agreement is in effect, beginning with the <br />date that you acquired or formed it; <br />• bodily injury or property damage that <br />happened before you acquired or formed <br />i t; <br />• personal injury or advertising injury that <br />results from an offense committed before <br />you acquired or formed it; or <br />• injury or damage that's covered by other <br />similar general liability insurance. <br />Separation of protected persons. We'll apply <br />this agreement separately to each protected <br />person. <br />However, all protected persons share the <br />limits of coverage shown in the Coverage <br />Summary. We explain how in the Limits Of <br />Coverage section. <br />Also, any right or duty specifically assigned <br />to the first named insured remains <br />unchanged. We explain those rights and <br />duties in the General Rules, which is a part <br />of your policy. <br />Limits Of Coverage <br />The limits of coverage shown in the <br />Coverage Summary and the information <br />contained in this section fix the most we'll <br />pay as damages and medical expenses, <br />regardless of the number of: <br />47150 Rev. 7-01 Printed in U.S.A. <br />Page 10 of 28 ®St.Paul Fire and Marine Insurance Co. 2001 All Rights Reserved <br />