IF THE IMMEDIATE UNDERLYING POLICY IS CANCELLED, THIS POLICY LIKEWISE IS CANCELLED EFFECTIVE ON THE SAME DATE AND WITHOUT NOTICE TO THE INSURED. IF THE IMMEDIATE UNDERLYING POLICY OTHERWISE CEASES TO APPLY (REASONS OTHER THAN THE EXHAUSTION OF AN AGGREGATE LIMIT LIABILITY), THIS POLICY LIKEWISE CEASES TO APPLY TO THE SAME EXTENT ON THE SAME DATE AT THE SAME TIME AND WITHOUT NOTICE TO THE INSURED.

PART II - DEFINITIONS

1. IMMEDIATE UNDERLYING POLICY

"IMMEDIATE UNDERLYING POLICY" MEANS THE POLICY OF THE UNDERLYING INSURANCE WHICH PROVIDES THE LAYER OF COVERAGE, WHETHER PRIMARY OR EXCESS, IMMEDIATELY PRECEDING THE LAYER OF COVERAGE PROVIDED BY THIS POLICY.

2. LOSS

"LOSS" MEANS THE SUMS PAID AS DAMAGES IN SETTLEMENT OF A CLAIM OR IN SATISFACTION OF A JUDGMENT FOR WHICH THE INSURED IS LEGALLY LIABLE, AFTER MAKING DEDUCTIONS FOR ALL RECOVERIES, SALVAGES AND OTHER INSURANCES (WHETHER RECOVERABLE OR NOT) OTHER THAN THE UNDERLYING INSURANCE AND EXCESS INSURANCE PURCHASED SPECIFICALLY TO BE IN EXCESS OF THIS POLICY. "LOSS" DOES NOT INCLUDE INVESTIGATION, ADJUSTMENT, DEFENSE OR APPEAL COSTS AND EXPENSES NOT INCIDENT TO ANY OF THE SAME, NOTWITHSTANDING THAT THE UNDERLYING INSURANCE MAY PROVIDE INSURANCE FOR SUCH COSTS AND EXPENSES.

3. UNDERLYING INSURANCE

"UNDERLYING INSURANCE" MEANS THE INSURANCE POLICIES LISTED IN ITEM 4 IN THE DECLARATIONS AND INCLUDES ANY RENEWAL OR REPLACEMENT OF SUCH POLICIES.

PART III - NUCLEAR ENERGY LIABILITY EXCLUSION

THE FOLLOWING EXCLUSION APPLIES IN ADDITION TO THOSE STATED AS APPLICABLE IN THE PRIMARY INSURANCE.

THIS POLICY DOES NOT APPLY:

1. UNDER ANY LIABILITY COVERAGE, TO INJURY, SICKNESS, DISEASE, DEATH OR DESTRUCTION.