CROSS LIABILITY CLAUSE

It is understood and agreed that subject to the terms and exceptions and conditions stated elsewhere, this policy will indemnify any of the Insured as if each party were insured separately.

Insurers also agree to waive all rights of subrogation or action which they might otherwise have or acquire against any of the above parties insured. Provided always that the liability of Insurers shall not exceed the limit of indemnity as stated in the schedule.