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that are in exo*ae of the applicable limit of insurance. Anagreed settlement means asettlement and release ofliability signed byus, the insured and the claimant or the claimant's legal representative. 4. Other Insurance Ifother valid and collectible insurance is available to the insured for a loss we cover under Coverages &or B of this Coverage Part' our obligations are limited as a. Primary Insurance This insurance is primary except when 6. below applies. Uother insurance is also primary, we will ahuna with all that other insurance by the method described inc.below. b. Exoeos|nsurance This insurance is excess over any of the other inauranm*, whether primary, exoeno, contingent or onany other basis: (1) Your Work That isFire, Extended Coverage, Builder's Risk, Installation Rink or similar coverage for "your (2) Premises Rented To You That is fire, lightning or explosion insurance for premises rented toyou ortemporarily occupied byyou with permission ofthe owner; (3) Tenant Liability That is insurance purchased by you to cover your liability as o tenant for "property damage" to premises rented to you or temporarily occupied byyou with permission ofthe owner; (4) Aircraft, Auto Or Watercraft If the loss arises out of the maintenance or use ofaircraft, "autos" or watercraft to the extent not subject to Exclusion g. of Section |—Cov*nage A—Bodily Injury And Property Damage Liability; (5) Property QornaQe to Borrowed Equipment Or Use C)fElevators If the loss arises out of"property damage" to borrowed equipment or the use of elevators to the extent not subject toExclusion j.ofSection | ' Coverage A - Bodily Injury And Property Damage Liability; (6) When You Are Added As An Additional Insured ToOther Insurance Any other insurance available to you covering liability for damages arising out ofthe premises or openadona, or products and completed operadona, for which you have been added an anadditional insured bythat insurance; or PA RAGON PARI NERS A-2011-056-01 REVIEM.E.D BY: (7) When You Add Others As An Additional Insured ToThis Insurance Any other insurance available to an additional insured. Howevor, the following provisions apply to other insurance available to any person or JLorganizohunwhoiuonaddibona|innunedunder this coverage part. (a) Primary Insurance When Required By Contract This insurance ioprimary ifyou have agreed in o written contract or written agreement that this insurance be primary. If other insurance is also primary, we will share with all that other insurance by the method described ino.below. (b) Primary And Non -Contributory To Other Insurance When Required By Contract If you have agreed in a written contract, written ngnyomont, or permit that this insurance is primary and non-contributory with the additional innurnd'aown insurance, this insurance is primary and we will not seek contribution from that other insurance. Paragraphs (a) and (b) do not apply to other insurance to which the additional insured has been added onanadditional insured. When this insurance is axnouo, we will have no duty under Coverages AorBtodefend the insured against any ^ouit'`ifany other insurer has aduty to defend the insured against that ^aoit' If no other insurer defends, we will undertake to do eu, but we will be entitled to the inoured'o rights against all those other insurers. When this insurance is excess over other insurance, wewill pay only our share ofthe amount ofthe loss, ifany, that exceeds the sum of: (1) The total amount that all such other insurance would pay for the |oao in the absence of this insurance; and (2) The total of all deductible and self-insured amounts under all that other insurance. We will share the remaining |000, if any, with any other insurance that isnot described in this Excess Insurance provision and was not bought specifically toapply inexcess ofthe Limits ofInsurance shown in the Declarations ofthis Coverage Part. hall ofthe other insurance permits contribution by equal shares, wewill follow this method also, Under this approach each insurer contributes equal amounts until it has paid its applicable limit of insurance or none of the |000 nemains, whichever AcorrioafinaL Page 14 of 18 HG 00 0106 05