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have all your rights and duties under this Coverage Part. e. Unnamed Subsidiary Any subsidiary, and subsidiary Uhareof, of yours which is a legally incorporated entity of which you mmm a financial interest of more than 50Y6 of the voting stock on the effective date of the Coverage Pad. The insurance afforded herein for any subsidiary not named in this Coverage Part as a named insured does not apply to injury or damage with respect to which an insured under this Coverage Part is also an insured under another policy or would be on insured under such policy but for its termination or the exhaustion of its limits of insurance. 3. Newly Acquired wrFormed Organization Any organization you newly acquire orform, other than apartnership, jcdntvomtumaor|imhad|habi|i1ycnmpany. and over which you maintain financial interest of more than 5096 nfthe voting atook, vviN qualify as e Named Insured if there is no other n[mni|or insurance available tothat organization, However! a. Coverage under this provision is afforded only until the 180th day after you acquire or form the organization or the end of the policy period, whichever iseadier . b. Coverage A does not apply to "bodily injury" or "property damage" that occurred before you acquired nrformed the organization; and c. Coverage B does not apply to "personal and advertising injury" arising out of an offense committed before you acquired or formed the organization. 4. Mobile Equipment With respect to "mobile equipment" registered in your name under any motor vehicle registration |aw, any person is an insured while driving such equipment along apublic highway with your permission. Any other person or organization responsible for the conduct of such person isalso aninsured, but only with respect to liability arising out of the operation of the equipnment, and only if no other insurance of any kind is available to that person or organization for this |iobiUfty. However, moperson ororganization ieoninsured with respect to: a. "Bodily injury" to a co-'empUoyee" of the person driving the equipment; or b. "Property damage" toproperty owned by, rented to, inthe charge ofmroccupied byyou orthe ennpIoyer of any person who is an insured under this 5. NunownmdVVmtercraft With respect to watercraft you do not own that is less than 51 feet |nmg and is not being used to comY persons for a ohmggn, any person is an insured xvhi|n operating such *otmmrmft with your 9enniaaiom. Any other person or organization responsible for the conduct of such person is also an insurad, but only with respect to iimbiDty arising out of the operation of the vvatercnoft, and only if no other insurance of any kind [mavailable 1nthat person ororganization for this |iabiKih/. Howevor, no person mrorganization is an insured with respect to: a. "Bodily irjury" to a co -"employee" of the person operating the watercraft; or b. "Property damage" tmproperty owned by, rented to, imthe charge oforoccupied byyou mrthe employer of any person who is an insured under this provision. 6 Additional Insureds When Required By Written Contract, Written Agreement OrPermit The fo||mm|mg person(s) or organization(s) are an additional insured when you have agrend, in am/httem nmrAnact, written agreement or because of a permit issued by a state or pnhiUoa| nubdivimion, that such parson or organization be added as an additional insured mnyour policy, provided the injury ordamage occurs subsequent tuthe execution ofthe contract or agreement. Aperson urorganization isanadditional insured under this provision only for that period of time required by the contract mragreement. However, nosuch person ororganization is an insured under this provision if such penmmm or organization is included as an insured by an endorsement issued by uoand made spart u0this Coverage Part. m. Vendors Any porson(s)ororganization(s) (referred to bellow as vmmdor), but only with respect to "bodily injury" or"property damage" arising out of"your products" which are distributed or sold in the regular course ofthe vendor's business and only ifthis Coverage Part provides coverage for "bodily injury" or "property damage" included within the "pnoduots- oompAetedoperations hazmrd~. (1) The insurance afforded the vendor ia subject to the following additional exclusions: This insurance does not apply to: (m) "Bodily injury" or "property damage" for which the vendor is obligated to pay damages by reason of the assumption of ||mb|||ty in m contract or agreement. This exclusion does not apply to |iabiKity for damages that the vendor would have in the absence ofthe contract oragreement; Page 1Uof 18 HG 00010805