SANTA ANA GOLF, LLC (COURSECO, INC.)

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.tl HISCQXC-Suite General Terms and Conditions the debtor-in-possession (or equivalent position outside the United States), loss we paid within the retention. This contractual right of recovery will be in addition to and independent of our subrogation rights under this subsection I and any other rights we may have under applicable law. Solely with respect to the Fiduciary Coverage Part, we will not exercise our subrogation rights unless required to exercise our recourse rights under ERISA, in which case any amounts we recover based on such recourse rights will be added back to the coverage part limit applicable to the Fiduciary Coverage Part, accounting for any costs, expenses, or reimbursements we incurred in pursuing such recovery. With respect to any loss under the Crime Coverage Part, you must transfer to us all of your rights of recovery against any person or organization for any loss you sustain and which we have paid.Additional rules governing the payment of recoveries under the Crime Coverage Part are contained in Section IV. Limits of liability and settlement, E. Recoveries, of that Coverage Part. Titles J. Titles of sections of and endorsements to this policy are inserted solely for convenience of reference and will not be deemed to limit, expand, or otherwise affect the provisions to which they relate. VI. Definitions The following definitions apply to all Coverage Parts you have purchased. If the same term is applicable to all defined here and in a Coverage Part, then the definition in the Coverage Part will govern the Coverage Parts coverage provided under that Coverage Part. Application means the signed application for the policy, any attachments and materials submitted with that application, and any other information that is filed by an insured or otherwise publicly available. If this policy is a renewal or replacement of a previous policy issued by us, application also includes all previous signed applications,attachments, and materials. With respect to the Fiduciary Coverage Part(if purchased), application will also mean any public documents filed by the named insured or any subsidiary with any federal, state, local, or foreign regulatory agency, during the one-year period prior to the inception of the policy period. The application forms a part of this policy. Continuity date means the date stated as such in the Declarations with respect to each Coverage Part you have purchased which includes a continuity date. Coverage part limit means the amount stated in the Declarations as the aggregate limit applicable to each Coverage Part you have purchased which is subject to an aggregate limit. Covered amounts means any amounts we have expressly agreed to pay under any Coverage Part you have purchased. Discovery period means the time period described in Section IV. Discovery period of these General Terms and Conditions which is purchased by the named insured to extend the length of time you have to report claims arising from otherwise covered wrongful acts committed, or breaches that take place, before the inception of the discovery period. Employee means an employee as defined in each Coverage Part you have purchased. Foreign jurisdiction means any jurisdiction other than the United States or any of its territories or possessions. Insolvency means the: 1. appointment by any government official,agency, commission, court, or other governmental authority of a receiver, conservator, liquidator,trustee, rehabilitator, or similar official to take control of, supervise, manage, or liquidate an insolvent insured organization; 2. filing of a petition under the bankruptcy laws of the United States;or 3. foreign equivalent of 1 or 2 above. CSU P0001A CW(12/22) Page 5 of 6