$ (as stated in Item 5 of the Declarations)

$ (as stated in Item 6 of the Declarations)

**Conditions**

1. **Prior Insurance and Non-Cumulation of Liability**

It is agreed that if any loss covered hereunder is also covered in part under any other excess policy issued to the Assured prior to the date hereof, the limit of liability hereof as stated in Items 5 and 6 shall be reduced by any amounts due to the Assured on such loss under such prior insurance.

Subject to the foregoing paragraph and to all the other terms and conditions of this Policy in the event that personal injury or property damage arises out of an occurrence covered hereunder is continuing at the time of termination of this Policy, the Company will continue to protect the Assured for the respect of such personal injury or property damage without payment of additional premium.

2. **Maintenance of Underlying Umbrella**

This policy is subject to the same terms, definitions, exclusions and conditions (except as regards the premium, the amount and limits of liability and otherwise provided herein) as are contained in or as may be added to the underlying umbrella policies stated in Item 2 of the Declarations prior to the date of an occurrence for which claim is made hereunder.

It is a condition of this Policy that underlying umbrella policies shall be maintained in full effect during the currency hereof except for any reduction in the aggregate limits contained therein solely by payment of claims in respect of accidents and/or occurrences occurring during the period of this Policy in operation of Condition C of the underlying umbrella policies.

3. **Cancellation**

This policy may be cancelled by the Named Assured or by the Company or its representatives by mailing written notice to the other party stating when, not thirty (30) days thereafter, cancellation shall be effective. The mailing address shown in this Policy shall be sufficient proof of notice, and the fax number under this Policy shall end on the effective date and hour of cancellation set forth in the notice. Delivery of such written notice either by the Named Assured or Company shall be equivalent to mailing.

If this Policy shall be cancelled by the Named Assured, the Company shall receive customary short rate proportion of the premium for the period this Policy has been in force. If this Policy shall be cancelled by the Company, the Company shall make no payment or tender of return premium.