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<br /> �'� c. An orgenization other tharr..:a• partnership o� �he iimits�of•this Coverage Part apply �eparetely to ^l
<br /> %:����� joint;venture;you are an-insured;Youroxecu- each consecutive annual period and td:any remain- 1
<br /> :��=:': tive officers�snd�directoTavare'-insureds;° but ing pe�io�-,Qf::lgss�haQ�,,2;rronths,;,starting�with the
<br /> only with respect to their duties as yout offi- begignj� ;of�� po�ic • erlod.sh �w ;in the Decla-
<br /> . . .A ..., .� _Y,.P....... .�,. 0.
<br /> ��;,L:; cera;or�directors, YouC,,;tgc�holde�s,;sre�als� istionsa}�,les��t�ep,olicy,period,j�•,extended after is-
<br /> ;, .,,;,►nsurqiis, bui onty,witti,rp:,pect to t�eir(iat�ility ��ua�cs�;�o�:a���a��i��gn�ti,peiio�,;p{,;less than 12
<br /> ��;;,,,� ss.s�Qcl�hoiden.� ,� .,-,;t,� ,�; to ��,�,:'9+, montF�s:;1�,�; h�at;;case,G�h��tadditio�sl�period wilt be
<br /> 2:. Each of�.tha foilowing is atso an,insured����= deemed per4`o L t,tls�(ast preceding�.period for put-
<br /> ,:, ,;.. ,
<br /> a. Any person (other than your employee) or any p°ges of det.r`m�ri�ng the'L"imits of,lnsurance.
<br /> ..,• D.11).�'f��;Ti,;. 1L%1 '�i`'•L`,I'�I)E :���1�'::f
<br /> ' .�:�. organizstion .whils acting as your.;real esiate SEC.TtON.,IV:-:.CONDITiONS ;:�;;.;,�
<br /> �. mans er. � . 1:'�Be � ,..t,,. � , .
<br /> . ,9:,...,, �.. ,, ,, ;•- � • . �. .-. ; nkitiptcy'tv: , ,�.. f,.. .,. .:..
<br /> •1L•:!t: .'t� L:�!v���' :;li::l��-.:':.. . .
<br /> 4,:b...A� , person, or.,o enizetio.n havin ptOpar '`�'"''��"� �r r.;;����ixc•�::� •� � �
<br /> � .;{;r.: �•tem ara custod � � 9� ••6ankruptc�;or��(nso�vency.,Q�,�the..i�sured will �ot
<br /> p �Y:, � y o�your property.if yau die, �"` '�elieve us of,b�r;,ob��gatio.n_under this Coverage
<br /> . . � but only:, , :,�: :,t:-.. , ,; :,;; �:, .;-. . . Part. , . ..
<br /> (1) Witri'"�espect to liebility arising out of the .. . :• .. i�'.:�' .�•'c.: 4::: :, :. .. �:::.;'u=-
<br /> 2.�.Canceltat�on.,;<,:�:_-_ . .� ,=.:.,� :;.r�,,.�.
<br /> . . ,:; . Rtalnten�nce or use of thst property; and � •. � ;'�� ��� . ' . - ��' ` ,
<br /> � , �� a: The first NSmed tnsured shown in'flib' Decla-
<br /> ��� • (2)� Until you�'legai"�epresentativet��ia's boen �•� °�3:•rations;•may;�cs"ncel'this �oiicqE-by'Yrfailing or
<br /> . , , . .._ appointed c ..�,,,.:�. . ;;�- s:.. . 4 . . : . F, .
<br /> � �, � � � delive�ing' to'•Us�"sdvence'�writfen'= �ibtics of
<br /> ..
<br /> :
<br /> '�r. :
<br /> ' �' c. Your;lepal� repiesentative .if�yoU die;,but only _ cance(lation;� �� ;� � -� , ��,-,�;-t;•.�� • ._>
<br /> with respect to duties�as'sucti:�Ttiet represen- }�; yve may;eeticel'this 'policy�liy �riiai{ing or.de-
<br /> � tative.will have all your rights and duties under ���ering to the first Named •Insured and the
<br /> � � this Coverage Part. � � �:' =�': °� ��' �'contractor;. w�itten nvtice.of cancetletlon at
<br /> No person or organization�is an insured with respect �� least: • , � � .
<br /> to the cortduct of any.current or past partnershlp or �j� �0 days �befote the ,effe�ti�e•date of can-
<br /> joint venture thst is not shown as e Named Insured cellation.if.we cancef for �on-payment of
<br /> ,'tn the �eclarations: . .. .s��- ,• .�.. �' . . . '
<br /> � • premium: nr, � ��� ;�,. ,..
<br /> S�CTION.t11:- L1MiTS OF'INSURANCE .. . . • � �� • - •�• �
<br /> � �•� • � •� � •����-�•� �••�� � �(2)_ 30�tiays befoie tt'i� effecti�e'date of can-
<br /> 1. The Limits of Insurance shown in;the Declara- , cetlation if we cancel.for�any other reason.
<br /> tions and the rules below fix th�most we will psy •.• --• � • �
<br /> regardless oi the number of: c. We will mail,o��deliver our notices to�tt�e first
<br /> a. lnsureds; � � • � - � Named l�sured's and ttie 'cdntractor's' last
<br /> , .. .- . . . , mailing sdd�ess kriown to us:'''
<br /> �.�.�.�_
<br /> b. Claims made or "suits' brougt�t; or . '�•` :: . . `, ' ., ...�.'' ..'.;,
<br /> •� d. Notice of cancellation will'state the'effective
<br /> e. Persona.or organizations makin9 claims or date of ce�Cetlation. The' poliCy period will
<br /> bringing "suits." ' ' �� • end on that date. • �'=��
<br /> 2. The Aggregate Limit is the most we will pay tar e. lf this policy is cencelled; we'wi11 8end'the
<br /> � the sum of damages becsuse of all "bodily injury' 'conuector"_an.y, premium refund. due. If we
<br /> and "property damage.' cancel,the:refund will be pro. reta. If the first
<br /> 3. Subject to 2. ebove, thv Each Occurrence Ltmlt Named �l�sured cencels, the .refund .may be �
<br /> , is the most we wlll pay for the sum of darnages less than pro rata:�The cancellatlon wlll be ef-
<br /> because of"bodlly_injury" and_'propeRy_damage" _ __ tective even if we have not made or offeFed e_
<br /> . arising out of any ona 'occurrance.' �ofund.
<br /> - -
<br /> If you designate more than ona project in the Dec- f. If �otice is mailed, proof of matllrtg wll! be
<br /> larotions, the A9e�egste Limit shatl apply sepsrately sufficient proof oi �otice.
<br /> to each project.
<br /> F'
<br /> !
<br /> Pege 4 of 7 Copyright. Insurance Services Qffice, Inc., 1984; 1988 CG 00 09 11 88 0
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