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. . 10-07-2003 10:18 AM ~ ( ~ ~ .~., _W ." .\ " The Umits of Insurance of this Coverage Part apply soparBtely to each consecutive annual period and to any re- maining period of less than 12 months, &lartlng with the tx>ginnlng of the policy period shown in the Declalations, unl_ the policy period Is e)dendad after issuance for an additional period of less than 12 months. In that case, the addi- tional period \WI be deemed part of the last preceding period for purpcses of determining the limits of Insurance. SECTION IV - COMMERCIAL GENERAL UABIUTY CONDITIONS 1. Ban kruptcy Bankruptcy or Insolvency of the Insured or of tlte insured's estate will not ralleve us of our obligations under tltis Coveraga Part. 2. Duties In The Event Of Occurrence, Offense, Claim Or Suit a. You must SeB 10 it that we Bre notified as soon lis practicablB of an 'occurrence' or an oHense which may result in a clelm. To the extent possible, notice should include: (1) How, when and wherelhe "occurrenCil' or offense took place; 121 ThB names end addressea of Bny injured persons Bod witnesses; Bnd (3) The nalure and location of Bny Injury or damage erising out ofth. "occurrence" or offense. b. If a claim Is made or 'suit" la brought againat eny Insured, you must: (1) Immediately record the specifics of the claim or 'suit. Bod the datB received; and (2) Notify us BS soon as praclicablll. You must see to K thai we receive writtBn notice of thB claim or 'suit" as soon as practicable. c. You end any other Invollled insured must: (1) Immediately send us copies of any demands, notices, summonSll8 or legal papers received in con- nection with the claim or "wit'; (2) AuthoriZe us 10 obtain records and othar Information; (3) Cooperate with us in Ihe investigetion or settlement of the claim or defense against the "suit": and (~) Assist us, upon our request. in Ihe enforcement of Bny right against any pBrsOn or organIZation which may be liablB 10 the insured because of Injury or damage to which this Insurence may also apply. d. No Insured Will, except et that insured's own cost, voluntarily make a peyment, assume any obligation, or Incur any.xpense, otherlhan for firsI ail, v.1lhout ourconSBnt. 3. Legal Acllon AgaInst Us No pelllon or organization has a right undBrthls CovBraga Part: e. To Join us BS II party or otherwise bMng us into a "suit" Bsking for damages from an insured; or b. To aUB us on thle Coverage Pert unless BII of its terms have bean tully complied with. A parson or organization may sua us to recover on an agreed settlement or on a final judgment against an in- surlld oblalned elter an Belual tMBI; but WB will not be liable for demages thBI are nol payable under the terms of this Coveraga Part or that are in excess ollhe applicable Umlt oflll\lurBnce. An agreed selllement means" settle- ment end releBSe of liatiIiIy signed by us, tha Insured and the claimant OIl11e c1aimenfs legal rBpre&entative. 4. Othar Insurance ;, II other vafld and collectiblB Insurance I:s available to thalnsured for a loss we cover under Coverages A or B of 'Ihis C ur obligations ere Umlled as lollows; . ; a. Primal)' Insurance IS nsurance Is primary except whBn b. below epplies, If this Insurance is primary, our obligations are not affBeled unless any of the other Insurance is also pMmary. Then, we will share with all that other Insurance by Ihe method descrlbed in c. below. b. Excess Insurance This insurance is excess over: