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(2) In settling loss subject to this condition: (a) The most we will pay for the entire loss is the lesser of the Limits of Insurance applicable during the period of loss, whether such limit was written under this insurance or was written under the prior cancelled insurance. (b) We will apply the applicable Deductible Amount shown in the Declarations to the amount of loss sustained under the prior cancelled insurance. (3) The insurance provided under this condition is subject to the following: (a) if loss covered under this condition is also partially covered under Condition EAX, the amount recoverable under this condition is part of, not in addition to, the amount recoverable under Condition E.1.k. (b) For loss covered under this condition that is not subject to Paragraph I.(3)(a), the amount recoverable under this condition is part of, not in addition to, the Limit of Insurance applicableto the_ loss covered under this insurance and is limited to the lesser of the amount recoverable under: (i) This insurance as of its effective date; or (ii) The prior cancelled insurance had it remained in effect. m. Otherinsurance If other valid and collectible insurance is available to you for loss covered under this insurance, our obligations are limited as follows: (1) Primary Insurance When this insurance is written as primary insurance, and: (a) You have other insurance subject to the same terms and conditions as this insurance, we will pay our share of the covered loss. Our share is the proportion that the applicable Limit Of Insurance shown in the. Declarations bears to the total limit of all insurance covering the same loss. (b) You have other insurance covering the same loss other than that described in Paragraph m.(1)(a), we will only pay for the amount of loss that exceeds: (i) The Limit of Insurance and Deductible Amount of that other insurance, whether you can collect on it or not; or (ii) The Deductible Amount shown in the Declarations; whichever is greater. Our payment for loss is subject to the terms and conditions of this insurance. (2) Excess Insurance (a) When this insurance is written excess over other insurance, we will only pay for the amount of loss that exceeds the Limit of Insurance and Deductible Amount of that other insurance, whether you can collect on it or not. Our payment for loss is subject to the terms and conditions of this insurance. (b) However, if loss covered under this insurance is subject to a deductible, ..ill ro.'�..:v th, vcducti.~�!c V V` V Amount shown in the Declarations by the sum total of all such other insurance plus any Deductible Amount applicable to that other insurance. n. Ownership Of Property; Interests Covered The property covered under this insurance is limited to property: (1) That you own or lease; (2) That is held by you in any capacity; or (3) For which you are legally liable, provided you were liable for the property prior to the time the loss was sustained. However, this insurance is for your benefit only. It provides no rights or benefits to any other person or organization. Any claim for loss that is covered under this insurance must be presented by you. o. Records You must keep records of all property covered under this insurance so we can verify the amount of any loss. 158 Page 10 of 16 ©Insurance Services Office, Inc., 2015 CR 00 21 11 15