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a. A manager or lessor of premises, a lessor of leased equipment, or a mortgagee, assignee, or <br /> receiver is not an insured as respects bodily injury, property damage, environmental <br /> damage or personal and advertising injury: <br /> a. Arising out of any occurrence that takes place after the equipment lease expires or you <br /> cease to be a tenant;or <br /> b. Arising out of structural alterations, new construction or demolition operations <br /> performed by or on behalf of the manager or lessor of premises, or mortgagee, <br /> assignee, or receiver. <br /> a. Any person or organization that has at least a 50% controlling interest in you but only with <br /> respect to bodily injury, property damage, environmental damage or personal and advertising <br /> injury arising out of their financial control of you. <br /> Page 34 <br /> 4. Other Insurance <br /> If other valid and collectible insurance is available to the insured for a loss we cover under this policy, <br /> our obligations are limited as follows: <br /> a. a. Primary Insurance <br /> This insurance is primary except when Paragraph b. below applies. If this insurance is primary, <br /> our obligations are not affected unless any of the other insurance is also primary. Then, we will <br /> share with all that other insurance by the method described in Paragraph c. below. However, <br /> regardless of whether b. below applies, in the event that a written contract or agreement or <br /> permit requires this insurance to be primary for any person or organization you agreed to insure <br /> and such person or organization is an insured under this policy, we will not seek contributions <br /> from any such other insurance issued to such person or organization <br /> Page 36 <br /> 5. Transfer Of Rights Of Recovery Against Others To Us <br /> If the insured has rights to recover all or part of any payment we have made under this policy, those <br /> rights are transferred to us. At our request, the insured will bring suit or transfer those rights to us <br /> and help us enforce them. However, if the insured has waived rights of recovery against any person <br /> or organization prior to a loss, we waive any right of recovery we may have under this policy against <br /> such person or organization. <br />