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IOverland Pacific & Cutler Inc. 72UUNTR7859 <br />have aq your rights anis duties under thi& overage <br />Part. <br />e, Unnamed Subsidiary <br />Any subsidiary, and subsidiary thereof, of yours <br />which is a legally incorporated entity of which you <br />own a financial interest of more than 50% of the. <br />voting stock on the effective dale 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 />respect to which an insured under this Coverage <br />Pari is also an Insured under another policy or <br />would be an insured under such policy but for its <br />termination or tha, exhaus(ion of its limits of <br />insurance. <br />Newly Acquired or Formed Organization <br />Any organization you newly acquire or form, otherthan <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 />lo that organization. However. <br />a. Coverage under this provision is afforded only unlit <br />the 180th day after you acquire or form the <br />organization or the end of 'the policy period', <br />whichever is earlier; <br />b.. Coverage A does not apply to "bodily lnjury" or, <br />"properly damage" that occurred before you <br />acquired or formed the organization; and <br />c. Coverage B does not apply to "personal and <br />advertising injury' arising out of an offense <br />committed before you acquijed pr 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 an Insured, but only with respect to <br />liability arising out of the operation of the equipment,. <br />pod only if no other insurance of any kind is available <br />to that person or ortianization for this liability. However, <br />no person or organization is an insured with respect to; <br />a. "Bodily inj►rry" to a co -"employee" of the person <br />driving the equipment; or <br />b. "Property damage" to property owned 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 />-provision <br />Rage 10 z f' 1:8 <br />CERT NO.: 16449661 (WH) Lindsay Moss 5/22/2013 4:00:15 PM Page 2 of S <br />6/1/2013 6/1/2014 <br />54 Nonowned Watercraft <br />With respect to watercraft you do not own that is less <br />than 51 feet long and is not being used to carry <br />persons for a charge, any person is an insured while <br />operating such watercraft with your permission. Arty <br />other person or organization responsible for the <br />conduct of such person is also an insured, but orjly <br />with respect to liability arising out of the operation of. <br />the watercraft, and only if no other insurance of any <br />kind is available to that person or organization for this, <br />liability. <br />However, no person, or organization ii an inSUred iiydh <br />respect to: <br />a. "Bodily injury" to a co -"employee" of the person. <br />operating the watercraft; or <br />b, "Property damage" to property owned 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 />provision <br />4. ,Additional Insureds When Required By 'Written <br />C,pntract, Written Agreement Or Permit <br />The following person(s) or organization(§) are ani <br />;additional insured when you have agreed, in a written <br />contract, written agreement or because of a permit <br />issued by a state or political subdivision, that such <br />person or organization be added as an additional' <br />#nsured on your policy, provided the injury or damage <br />aoccurs subsequent to the execution of the contract or <br />agreement. <br />�k person or organization is an additlonal' insured under <br />this provislon only for that period of time required by <br />the contract or agreement. <br />However, no such person or organization is aif insured <br />under this provision if such person or organization `is <br />included as an insured by an endorsement issued by <br />kis 'and made a part of this Cgvorage Part., <br />ax Vendors <br />Any person(s) or organization(s) (referred to berow <br />as vendor), but only with respect to "bodily injury" <br />or "properly damage" arising out of "your products" <br />which are distributed or sold in the regular course <br />of the vendor's business and only If this Coverage <br />Part provides coverage for "bodily injury" or <br />"properly damage" included within the "products - <br />completed operations hazard". <br />(1} 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 vendor would have in the <br />absence of the contract oragreementl <br />HG (lit 0106 05 <br />