DEFENSE OF ANY SUCH SUIT AND SUCH PART OF SUCH JUDGMENT AS DOES NOT EXCEED THE LIMIT OF THE COMPANY'S LIABILITY HEREUNDER INCLUDING ALL COSTS TAXED AGAINST THE INSURED IN ANY SUCH SUIT AND ALL INTEREST ACCRUING AFTER ENTRY OF JUDGMENT UNTIL THE INSURED HAS PAID OR TENDERED OR DEPOSITED IN COURT SUCH PART OF SUCH JUDGMENT AS DOES NOT EXCEED THE LIMIT OF THE COMPANY'S LIABILITY HEREUNDER. IN THE EVENT THAT ANY SUCH CLAIM OR SUIT IS SETTLED OR COMPROMISED WITH THE CONSENT OF THE COMPANY, THE COMPANY WILL REIMBURSE THE INSURED FOR THE AMOUNT OF SUCH SETTLEMENT IN THE LIMITS OF THE COMPANY'S LIABILITY UNDER THE POLICY, INCLUDING THE EXPENSES INCURRED BY THE INSURED IN THE INVESTIGATIONS, NEGOTIATIONS AND SETTLEMENT OF ANY SUCH CLAIM OR SUIT.

2. NO SETTLEMENT OF ANY CLAIM OR SUIT WITHIN THE SCOPE OF THIS INSURANCE SHALL BE MADE BY THE INSURED WITHOUT THE CONSENT OF THE COMPANY, PROVIDED, HOWEVER, THAT THE COMPANY AGREES THAT SETTLEMENTS CAN BE MADE BY THE INSURED SUBJECT TO A MAXIMUM OF $1,000 INCLUDING THE COMPANY'S LIABILITY FOR ANY ONE ACCIDENT. HOWEVER SUCH SETTLEMENT SHALL NOT PREJUDICE THE INSURED'S RIGHTS HEREUNDER IN THE EVENT THE SAID SETTLEMENT SHALL BE SET ASIDE OR HELD VOID.

ASSAULT & BATTERY: (13) IT IS AGREED THAT THE DEFINITION OF "ASSAULT AND BATTERY" AS DESCRIBED IN CONDITION 3 (H) OF THE POLICY IS AMENDED TO READ:

ASSAULT AND BATTERY SHALL BE DEEMED AN ACCIDENT UNLESS COMMITTED BY OR AT THE DIRECTION OF AN EXECUTIVE OFFICER OF THE NAMED INSURED, PROVIDED THAT ANY ASSAULT AND BATTERY ALLEGED TO HAVE BEEN COMMITTED BY A GUARD IN THE NORMAL COURSE OF HIS EMPLOYMENT SHALL BE DEEMED AN ACCIDENT.

NOTICE TO COMPANY: (14) NOTICE GIVEN BY OR ON BEHALF OF THE INSURED TO ANY AUTHORIZED AGENT OF THE COMPANY WITH PARTICULARS SUFFICIENT TO IDENTIFY THE INSURED, SHALL BE DEEMED TO BE NOTICE TO THE COMPANY. FAILURE TO GIVE SUCH NOTICE WITHIN THE TIME SPECIFIED IN THE POLICY SHALL NOT INVALIDATE ANY CLAIM MADE BY THE INSURED IF IT SHALL BE SHOWN NOT TO HAVE BEEN REASONABLY POSSIBLE TO GIVE SUCH NOTICE WITHIN THE PRESCRIBED TIME AND THAT NOTICE WAS GIVEN AS SOON AS PRACTICABLE.

THE WORDING "AS SOON AS PRACTICABLE" SHALL MEAN AFTER AN ACCIDENT BECOMES KNOWN TO THE MANAGER OF INSURANCE AT THE INSURED'S OFFICE AT 599 MADISON AVE., NEW YORK CITY, N.Y.

OTHER INSURANCE: (15) IT IS AGREED THAT CONDITION 14 OF THE POLICY, ENTITLED "OTHER INSURANCE" IS AMENDED TO READ AS FOLLOWS:

THE INSURANCE AFFORDED BY THIS POLICY SHALL BE EXCESS OVER ANY OTHER VALID AND COLLECTIBLE INSURANCE.