We introduce a new entangling gate between two fixed-frequency qubits statically coupled via a microwave resonator bus which combines the following desirable qualities: all-microwave control, appreciable qubit separation for reduction of crosstalk and leakage errors, and the ability to function as a two-qubit conditional-phase gate. A fixed, always-on interaction is explicitly designed between higher energy (non-computational) states of two transmon qubits, and then a conditional-phase gate is `activated on the otherwise unperturbed qubit subspace via a microwave drive. We implement this microwave-activated conditional-phase gate with a fidelity from quantum process tomography of 87%.