VICARIOUS LIABILITY COVERAGE Sample Clauses

VICARIOUS LIABILITY COVERAGE. Any entity the Insured Entity is required by contract to include as an insured for liability of such entity for an Insured’s Wrongful Acts shall be insured under this Policy but solely to the extent that a Claim is made against it for a Wrongful Act of an Insured, and only so long as the written contract is entered into before such Wrongful Act occurs. Any coverage afforded by this Section is subject always to all of the Policy’s terms and conditions, provided however: A. there shall be no coverage afforded to such entity for its Wrongful Acts; and B. nothing herein shall serve to confer any rights or duties to such entity under this Policy, other than as provided in this Section. ECONOMIC AND TRADE SANCTIONS CONDITION 1. Any insured, or any person or entity claiming the benefits of an insured, who is or becomes a Specially Designated National or Blocked Person or who is otherwise subject to U.S. economic or trade sanctions; 2. Any claim or “suit” that is brought in a Sanctioned Country or by a Sanctioned Country Government, where any action in connection with such claim or suit is prohibited by U.S. economic or trade sanctions; 3. Any claim or “suit” that is brought by any Specially Designated National or Blocked Person or any person or entity who is otherwise subject to U.S. economic or trade sanctions; ENDORSEMENT NUMBER: 1 POLICY NUMBER: ISSUED TO: G-145126-A (ED. 08/03) 4. Property that is located in a Sanctioned Country or that is owned by, rented to or in the care, custody or control of a Sanctioned Country Government, where any activities related to such property are prohibited by U.S. economic or trade sanctions; or 5. Property that is owned by, rented to or in the care, custody or control of a Specially Designated National or Blocked Person, or any person or entity who is otherwise subject to U.S. economic or trade sanctions. As used in this endorsement a Specially Designated National or Blocked Person is any person or entity that is on the list of Specially Designated Nationals and Blocked Persons issued by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) as it may be from time to time amended. As used in this endorsement a Sanctioned Country is any country that is the subject of trade or economic embargoes imposed by the laws or regulations of the United States of America. THIS DISCLOSURE NOTICE DOES NOT PROVIDE COVERAGE NOR DOES THIS NOTICE REPLACE ANY PROVISIONS OF YOUR POLICY. YOU SHOULD READ YOUR POLICY AND REVIEW YOUR ...