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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />CEXC 20 62 01 25 Includes copyrighted information of ISO Properties, Inc.,Page 1 of 1 <br />with its permission. <br />WAIVER OF SUBROGATION <br />This endorsement modifies insurance provided under the following: <br />COMMERCIAL EXCESS LIABILITY COVERAGE FORM <br />SECTION III – CONDITIONS is amended by the addition of the following: <br />Waiver Of Subrogation <br />a.In the event of any payment under this Coverage Part, we shall be subrogated to all your rights <br />of recovery against any person or organization, and you shall execute and deliver instruments <br />and papers and do whatever else is necessary to secure such rights. <br />b.Any amounts recovered after any payment under this Coverage Part shall be apportioned so that <br />any interests (including those paid for you) that have paid in an amount over and above any <br />payment under this Coverage Part shall first be reimbursed up to the amount paid by you. We <br />shall then be reimbursed out of any balance then remaining up to the amount paid under this <br />Coverage Part. The interests of which this coverage is in excess shall then be reimbursed for the <br />amount of residue, if any. Expenses necessary to the recovery of any such amounts shall be <br />apportioned between the interests concerned in the ratio of their respective recoveries as finally <br />settled. <br />c.We waive any right of recovery we may have against the person or organization because of <br />payments we make for “injury or damage” arising out of your operations provided you agreed to <br />provide such waiver in a written contract or lease that was executed and signed prior to any loss <br />to which this insurance applies. This waiver applies only where the “controlling underlying <br />insurance” also contains a waiver of such right of recovery. <br />All other terms and conditions of this policy remain unchanged. <br />Docusign Envelope ID: 747370BD-6177-8716-832E-12F48085F3BE