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have all your rights and duties under this Coverage <br />Part. <br />e. Unnamed Subsidiary <br />Any subsidiary, and subsidiary thereof, of yours <br />which is a legally in ccrpora led entity of which you <br />own a financial interest of more than 50% of the <br />voting stock on the effective date of the Coverage <br />Part. <br />The insurance afforded herein for any subsidiary <br />not named in this Coverage Part as a named <br />insured does not apply to injury or damage. with <br />rps?reLt Lts wllicfr drl insurrsti urlt?rrr [Iris Cclverayis <br />Part is also an insured under another policy or <br />would be an insurred under such policy but for its <br />termination or the exhaustion of its limits of <br />insurance. <br />3. Newly Acquired or Formed Organization <br />Any organization you newly acquire or form, other than <br />a partnership, joint venture or limited liability company, <br />and. over which you maintain financial interest of more <br />than 50% of the voting stock, will qualify as a Named <br />Insured if there is no .other similar insurance available <br />to thatnrganization. However: <br />a. Coverage under th is provision is afforded only until <br />the 18oth day afiter you acquire or form the <br />organization or t1-te end of the policy period, <br />whichever is earlier; <br />b. Coverage A does not apply to "bodily injury" or <br />"property damage" that occurred before you <br />adquired or formed the organization; and <br />c. Coverage 6 does not apply to "personal and <br />advertising InJ.ury'" adsing out of an offense <br />committed before you acquired or formed the <br />organization. <br />4. Mobile Equipment <br />With respect to "mobile equipment" registered in your <br />name under any motor vehicle registration law, any <br />person is an insured while driving such equipment <br />along a public highway with your permission. Any other <br />person or organization responsible for the conduct of <br />such person is also arr insured, but only with respect to <br />IiaUility arising out or -the opera lion of the equipment, <br />and only if no other insurance of any kind is available <br />to that persor. or organization for this liability. However, <br />no person or organization is an insured with respect to: <br />a. "Bodily injury" to -a co"employee" of the person <br />driving the equipment; or <br />b. "Property damage" to property owned by-, rentedto, <br />in the charge of or occupied by you or the employer <br />of any person who is an insured under this <br />provision. <br />5. Nonowned Watercraft <br />Y?ith respect to watercraft you do not own that is less <br />than 51 feet long and is not being used to carry <br />persons fora charge, any person is an insured whiles <br />operating such watercraft wilt-i your permissinn_ Any <br />other person or organization respohsible for the <br />conduct of such person is also an insured, but only <br />with respect to liability arising out of the operation of <br />the watercraft, and only if no other insurance uC tiny <br />kind is available to that person or organization for this <br />liability: <br />However, no person or organisation is an insured with <br />respect to: <br />a. "Bodily injury" to a co-"employee" of the person <br />operating the watercraY?: or <br />b. "Property damage" to property awned by, rented to, <br />in the charge of or occupied by you or the employer <br />of any person who is an insured under this <br />* provi Sion. <br />O Additional Insureds When Required By Written <br />Contract, Written Agreement Or Permit <br />The following person(s) or organizafion(s} are an <br />additional insured when you have agreed, in a written <br />contract, written agreement ar because of a permit <br />issued 6y a state or political subdivision, Ghat. such <br />person or organization be added as an additional <br />insured on your policy, provided the injury or damage <br />occurs subsequent to the execution of the contract or <br />agreement <br />A person or organization is an additional insured under <br />this provision only for that period of time required by <br />the contract or agreement. <br />However, no such person or organizakion is an insured <br />under [his prevision if such person or organization is <br />included as an insured by an -endorsement issued 6y <br />us and made a part of this Covsrrage Part. <br />Vendors <br />Any person(s) or organizati.nn(s) (reformed to bestow <br />as vendor), but only with respect to "bodily ihjilry" <br />or "property damage" arising out of "your products" <br />which are distributed or sold in the regular course <br />of tide vendor's IJU?i11C5J oral only if this Coverage <br />Part provides coverage for "bodily injury" or <br />"property damage" include-d within Fhe "products- <br />completed operations hazard". <br />(i) The insurance afforded the vendor is subject to <br />the following additional exclusions: <br />This insurance does not apply to: <br />(a) "Bodily injury" or "property damage" for <br />which the vendor is obligated to pay <br />damages by reason of the assumption of <br />liability in ? a contract or agreement. This <br />exclusion does not apply to liability for <br />damages that the ve-odor would have in the <br />absence of the cr?.ntract nr agraamPnt; <br />-Pagr; 10 of 18 _ HG 00 01 06 OS