**V. CONDITIONS**

1. **Premium**
   The premium for this policy shall be as stated in the Declarations.

   In the event of an additional Insured being added to the coverage under the underlying insurance during currency hereof, as soon as practicable notice shall be given to the Company hereon and if an additional premium has been charged or will become payable for such addition to the underlying insurance, the Company shall be entitled to charge an appropriate additional premium hereon for adding such additional insured to this policy.

   Payment of any return premium to the first named insured shall be deemed to be payment to the Insured.

2. **Maintenance of Underlying Insurance**
   Unless permission to the contrary is stated in the Declarations or by endorsement issued to form a part of this policy, policies affording in total the limits stated in Item 5 of the Declarations shall be maintained in full effect during the currency of this policy, except for the reduction of any aggregate limits contained therein solely by payment of claims with respect to an occurrence taking place during the period of this policy. Failure of the named insured to comply with the foregoing shall not invalidate this policy but in the event of such failure, the Company shall be liable only

**Z 008641**