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<br />Policy Number: PAS037514693
<br />g. Any state or political subdivision, but only
<br />as respects legal Lability incurred by the
<br />state or political subdivision solely be-
<br />cause it has issued a permit in connec -
<br />tion with premises you own, rent, or
<br />control for one of the hazards listed
<br />below:
<br />(1) The existence, maintenance, repair,
<br />construction, erection, or removal
<br />of advertising signs, awnings, cano-
<br />pies, catlar entrances, coal holes,
<br />driveways, manholes, marquees.
<br />hoistaway openings, sidewalk vaults,
<br />street banners or decorations and
<br />similar exposures;
<br />(2) The construction, erection or re-
<br />moval of elevators; or
<br />(3) The ownership, maintenance or use
<br />of any elevators covered by this m-
<br />surarce.
<br />3. With respect to "mobile equipment' regis-
<br />tered in your name under any motor vehicle
<br />registration law, any person is an insured
<br />while driving such equipment along a public
<br />highway with your permission. Any other per-
<br />son or organization responsible for the can-
<br />duct Of gush person is 01-so an insured, but
<br />only with respect to liability arising out of
<br />the operation of the equipment, and only if
<br />no other insurance of any kind is available to
<br />that person yr organization for this liaijiiity.
<br />However, no person or organization is an
<br />insured with respect to:
<br />a. "Bodily injury" to a co- "employee" of
<br />the person driving the equipment; or
<br />b. "Property damage" to property owned
<br />by, rented to, in the charge of or occu-
<br />pied by you or the employer of any
<br />person who is an insured under this pro-
<br />vision.
<br />4. Any organization you newly acquire or form,
<br />other than a partnership or joint venture,
<br />and over which you maintain ownership or
<br />majority interest, will qualify as a Named
<br />Insured if there is no other similar insurance
<br />available to that organization. However.
<br />a. Coverage under this provision is afforded
<br />only until the 180th day after you ac-
<br />quire or form the organization or the
<br />end of the policy period, whichever is
<br />earlier;
<br />b. Coverage A does not apply to '"bodily
<br />injury" or "property damage" that oc-
<br />curred before you acquired or formed
<br />the orgaiization; and
<br />c. Coverage B does not apply to "personal
<br />and advertising injury" arising out of an
<br />offense committed before you acquired
<br />or formed the organization.
<br />No person or organization is an insured with
<br />respect to the conduct of any current or past
<br />partnership. joint venture or limited liability com-
<br />pany that is not shown as a Named Insured in the
<br />Declarations.
<br />SECTION III - UMITS OF INSURANCE
<br />1. The Limits of Insurance shown in the Dec -
<br />larations and the rules below fix the most
<br />we will pay regardless of the number of:
<br />a, insureds;
<br />b. Claims made or "suits" brought; or
<br />c. Persons or organizations making clams
<br />or bringing "suits ".
<br />2. The General Aggregate Limit is the most we
<br />will pay for the sum of:
<br />a. Damages under Coverage A. except
<br />damages because of 'bodily injury" or
<br />'. property damage" included in the "prod-
<br />ucts- completed operations hazard "; and
<br />b. Damages under Coverage B.
<br />The Gererai Aggregate Limit applies sepa-
<br />rately to each location owned by or rented
<br />to you. Location, as used here, means pre-
<br />mises involving the same or connecting lots,
<br />or premises whose connection is interrupted
<br />only by a street, roadway, waterway or
<br />right -of -way of a railroad
<br />3. The Products - Completed Operations Ag-
<br />gregate Limit is the most we will pay under
<br />Coverage A for damages because of "bodily
<br />injury" and "property damage" included in the
<br />"products- completed operations hazard".
<br />4. Subject to 2- above, the Personal and Ad-
<br />vertising Injury Limit is the most we will pay
<br />under Coverage B for the sum of all dam-
<br />ages because of alt "personal and advertis-
<br />ing injury" sustained by any one person or
<br />organization.
<br />5. Subject to 2 or 3. above, whichever ap-
<br />plies, the Each Occurrence Limit is the most
<br />we will pay for the sum of:
<br />a. Damages under Coverage A; and
<br />b. Medical expenses under Coverage C
<br />because of all "bodily injury" and "property
<br />damage' arising out of any one "'occurrence ".
<br />6. Subject to 5. above, the Tenants Legal Li-
<br />ability Limit is the most we will pay under
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<br />9S2001 Ed 4-'99 Cupv-9n5 1999. M,ry'..d :i{.MrV Ccnyn.H. ,I +04,1,oA+1 ' Page 10 of 17
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