Calabasas

City Council

4. AMENDED FELLOW EMPLOYEE EXCLUSION obligation for any difference between the actual cash value of the " auto" at the time of the " loss" EXCLUSION 5. - FELLOW EMPLOYEE - of and the " outstanding balance" of the loan/ lease. SECTION 11 - LIABILITY COVERAGE does not apply if you have workers' compensation Outstanding balance" means the amount you insurance in -force covering all of your owe on the lease at the time loan/ of " loss" Tess employees". any amounts representing taxes; overdue is other collectible payments; penalties, interest or charges resulting Coverage excess over any insurance. from overdue payments; additional mileage charges; excess wear and tear charges; lease