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UMBRELLA <br />EU 00 01 07 16 © 2016 The Travelers Indemnity Company. All rights reserved.Page 15 of 22 <br />1.This insurance will apply before any "other <br />insurance" that is available to such additional <br />insured which covers that person or <br />organization as a named insured, and we will <br />not share with that "other insurance", provided <br />that the injury or damage for which coverage is <br />sought is caused by an "event" that takes place <br />or is committed subsequent to the signing of <br />that contract or agreement by you. <br />2.This insurance is still excess over any valid and <br />collectible "other insurance", whether primary, <br />excess, contingent or otherwise, which covers <br />that person or organization as an additional <br />insured or as any other insured that does not <br />qualify as a named insured. <br />N. PREMIUM <br />1.The first Named Insured shown in the <br />Declarations is responsible for the payment of <br />all premiums and will be the payee for any <br />return premiums. <br />2.If the premium is a flat charge, it is not subject <br />to adjustment except as provided in Paragraph <br />4.below. <br />3.If the premium is other than a flat charge, it is <br />an advance premium only. The earned <br />premium will be computed at the end of the <br />policy period, or at the end of each year of the <br />policy period if the policy period is two years or <br />longer, at the rate shown in the Declarations, <br />subject to the Minimum Premium. <br />4.Additional premium may become payable when <br />coverage is provided for additional insureds <br />under the provisions of SECTION II – WHO IS <br />AN INSURED. <br />O. PREMIUM AUDIT <br />The premium for this policy is the amount stated in <br />Item 5. of the Declarations. The premium is a flat <br />charge unless it is specified in the Declarations as <br />adjustable. <br />P. PROHIBITED COVERAGE – UNLICENSED <br />INSURANCE <br />1.With respect to loss sustained by any insured in <br />a country or jurisdiction in which we are not <br />licensed to provide this insurance, this <br />insurance does not apply to the extent that <br />insuring such loss would violate the laws or <br />regulations of such country or jurisdiction. <br />2.We do not assume responsibility for: <br />a.The payment of any fine, fee, penalty or <br />other charge that may be imposed on any <br />person or organization in any country or <br />jurisdiction because we are not licensed to <br />provide insurance in such country or <br />jurisdiction; or <br />b.The furnishing of certificates or other <br />evidence of insurance in any country or <br />jurisdiction in which we are not licensed to <br />provide insurance. <br />Q. PROHIBITED COVERAGE – TRADE OR <br />ECONOMIC SANCTIONS <br />We will provide coverage for any loss, or <br />otherwise will provide any benefit, only to the <br />extent that providing such coverage or benefit <br />does not expose us or any of our affiliated or <br />parent companies to: <br />1.Any trade or economic sanction under any law <br />or regulation of the United States of America; <br />or <br />2.Any other applicable trade or economic <br />sanction, prohibition or restriction. <br />R. REPRESENTATIONS <br />By accepting this insurance, you agree: <br />1.The statements in the Declarations and any <br />subsequent notice relating to "underlying <br />insurance" are accurate and complete; <br />2.Those statements are based upon <br />representations you made to us; and <br />3.We have issued this insurance in reliance <br />upon your representations. <br />S. SEPARATION OF INSUREDS <br />Except with respect to the Limits of Insurance, <br />and any rights or duties specifically assigned in <br />this policy to the first Named Insured shown in the <br />Declarations, this insurance applies: <br />1.As if each Named Insured were the only <br />Named Insured; and <br />2.Separately to each insured against whom <br />claim is made or "suit" is brought. <br />T. WAIVER OR TRANSFER OF RIGHTS OF <br />RECOVERY AGAINST OTHERS TO US <br />1.If the insured has rights to recover all or part <br />of any payment we have made under this <br />insurance, those rights are transferred to us <br />and the insured must do nothing after loss to <br />impair them. At our request, the insured will <br />bring suit or transfer those rights to us and <br />help us, and with respect to Coverage A, the <br />"underlying insurer", enforce them. <br />If the insured has agreed in a contract or <br />agreement to waive that insured's right of <br />recovery against any person or organization, <br />we waive our right of recovery against that <br />person or organization, but only for payments <br />we make because of an "event" that takes <br />place or is committed subsequent to the <br />POLICY NUMBER: CUP-3T402591-25-14 <br />Docusign Envelope ID: 03EC0D15-D674-4D12-9ED3-8A2C214EE218