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Policy Number: PAS037514693 g. Any state or political subdivision, but only as respects legal liability incurred by the state or political subdivision solely be- cause it has issued a permit in connec - tion with premises you own, rent, or control for one of the hazards listed below: (1) The existence, maintenance, repair, construction, erection, or removal of advertising signs, awnings, cano- pies, cellar entrances, coal holes, driveways, manholes, marquees. hoistaway openings, sidewalk vaults. street banners or decorations and similar exposures; (2) The construction, erection or re- moval of elevators; or (3) The ownership, maintenance or use of any elevators covered by this in- surarce. 3, With respect to "mobile equipment" regis- tered in your name under any motor vehicle registration law, any person is an insured while driving such equipment along a public highway with your permission. Any other per- son or organization responsible for the con- duct of such person ie also an insured, but only with respect to liability arising out of the operation of the equipment, and only if no other insurance of any kind is available to thai person pr organization for this iialility. However, no person or organization is an insured with respect to: a. "Bodily injury" to a co-"employee" of the person driving the equipment; or b. "Property damage" to property owned by, rented to, in the charge of or occu- pied by you or the employer of any person who is an insured under this pro- vision. 4. Any organization you newly acquire or form, other than a partnership or joint venture, and over which you maintain ownership or majority interest, will qualify as a Named Insured if there is no other similar insurance available to that organization. However: a. Coverage under this provision is afforded only until the 180th day after you ac- quire or form the organization or the end of the policy period, whichever is earlier, b. Coverage A does not apply to "bodily injury" or "property damage" that oc- curred before you acquired or formed the organization; and c. Coverage B does not apply to "personal and advertising injury" arising out of an offense comriitted before you acquired or formed the organization. No person or organization is an insured with respect to the conduct of any current or past partnership. joint venture or limited liability corn- pany that is not shown as a Named Insured in the Declarations. SECTION III - LIMITS OF INSURANCE 1. The Limits of Insurance shown in the Dec- larations and the rules below fix the most we will pay regardless of the number of: a. Insureds; b. Claims made or "suits" brought: or c. Persons or organizations making clairns or bringing "suits". 2_ The General Aggregate Limit is the most ^rve will pay for the sum of: a. Damages under Coverage A. except damages because of 'bodily injury' or "property damage" included in the "prod- ucts-completed operations hazard": and b. Damages under Coverage B. The Gereral Aggregate Limit applies sepa- rately to each location owned by or rented to you. Location, as used here, means pre- mises involving the same or connecting lots, or premises whose connection is interrupted only by a street, roadway, waterway or right-of-way of a railroad. 3. The Products-Completed Operations Ag- gregate Limit is the most we will pay under Coverage A for damages because of "bodily injury" and "property damage" included in the ''products-completed operations hazard". 4. Subject to 2 above, the Personal and Ad- vertising Injury Limit is the most we will pay under Coverage 8 for the sum of all dam- ages because of all "personal and advertis- ing injury" sustained by ary one person or organization. 5. Subject to 2 or 3 above, whichever ap- plies, the Each Occurrence Limit is the most we will pay for the sum of: a. Damages under Coverage A; and b. Medical expenses under Coverage C because of all "bodily injury" and "property damage' arising out of any one "occurrence". 6. Subject to 5. above, the Tenants Legal U- ability Limit is the most we will pay under n_ e:Oi = r. 'il'"a n.fa... a. -1 ea...lnne Cl...i,e• !]ti •e - r n ,< perlw aainn l.ayy'pl, -nsN1n8e9 Sa,.'Cos Jff¢W. ?ne„'i99? ' 9S2001 Ed 4-99 Cupy,-9nt, 1999. Mmyi¦d :anaiiy Cc pa-w. n aadmanai -mv :oz -*v,6 or: Page 10 of 17