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PolicyNo.PCADB-50 <br />Page17of19 <br />2.anyact,error,omissionorPollutionConditionassertedorbelievedtobeatissue; <br />3.theservicesoractivitiesinvolvedinthecircumstance; <br />4.whathappenedandthedatesandentitiesinvolved;and <br />5.thenatureofanyalleged orpotentialLoss; <br />thenanyClaimorFirstPartyClaimarisingoutofsuchcircumstanceshallbedeemedtohavebeenmade <br />onthedatewereceivedthewrittenreportofthecircumstance.Atoursolediscretionandcost,wemayelect <br />toinvestigateanycircumstancewhichisreported;anysuchcostsassociatedwiththeinvestigationofa <br />circumstancepriortoaClaimbeingmadeagainstyouwill notbeconsideredClaimExpense,will notreduce <br />theapplicableSelf-InsuredRetentionand shallbepaidbyusinadditiontotheLimitofLiability. <br />XI.CONDITIONS <br />A.Territory <br />Thecoverageafforded bythisPolicyappliesworldwide. <br />B.AuditandInspection <br />Uponreasonablepriornotice,weshallbepermittedtoaudit yourfinalbooksandrecordsatanytimeduring <br />thePolicyPeriod,theAutomaticExtendedReportingPeriod,theOptionalExtendedReportingPeriod,if <br />applicable,andwithinthreeyearsafterthefinalterminationofthisPolicy,asfarastheyrelatetothesubject <br />matterofthisPolicy.Weshallalsobepermittedtoinspect,sample,and/ormonitoryouroperationsona <br />continuingbasis.Neitherourrighttomakeinspections,sample,and/ormonitor,northeactualundertaking <br />thereof,noranyreportthereonshallconstituteanundertaking,onbehalfofusorothers,todetermineor <br />warrantthatyouroperationsaresafe,healthful,conformtoacceptablepractice,orareincompliancewithany <br />law,rule,orregulation. <br />C.Subrogation <br />IntheeventofanypaymentunderthisPolicy,weshallbesubrogatedtoallofyourrightsofrecovery <br />thereof. Youshallexecuteanddeliverallrequestedinstrumentsandpapersinfurtheranceofsuchrightsto <br />usanddowhateverelseisreasonablynecessarytosecuresuchrights. Youshalldonothingtowaiveor <br />prejudicesuchrights.We shallhave priorityinanyrecovery,andanyamountsrecoveredinexcessofour <br />totalpaymentandthecosttousofrecoveryshallbepaidtoyou. However,wewaiveourrightsof <br />subrogationunderthisPolicyagainstyourclientsortheirdesignees(exceptfor aResponsibleEntity)to <br />theextentsuchawaiverisrequiredbyawrittencontractwithyouexecutedpriortotheClaim. <br />ForCoverage Aonly,wewillnotsubrogateagainstaResponsibleEntityinexcessofits collectible <br />insurance,providedithasmaintainedRecoverableInsurance,regardlessofwhetherornotsuch <br />RecoverableInsuranceisexhaustedorreduced. <br />D.Changes <br />NoneoftheprovisionsofthisPolicywillbewaived,changed,ormodifiedexceptbywrittenendorsement <br />issuedbyustoformapartofthisPolicy.Noticetoanyofouragentsorknowledgepossessedby anysuch <br />agentoranyotherpersonwillnotactasawaiverorchangeinanypartofthisPolicyandwillnotprevent <br />us fromassertinganyrightsundertheprovisionsofthisPolicy. <br />E.ActionAgainstUs <br />OnlyyoucanmakeclaimsagainstusunderCoveragesAandF,andtheSupplementalCoverages,ofthis <br />Policy. <br />NoactionshallbetakenagainstuswithrespecttoCoverageAunless,asaconditionprecedentthereto, <br />youshallhavefullycompliedwithallthetermsofthisPolicy,anduntiltheamounttheResponsibleEntity <br />islegallyobligatedtopayshallhavebeenfinallydeterminedeitherbyjudgmentafteractualcontestedtrial <br />orarbitration,orothermethodofdisputeresolutionforwhichwehavegivenpriorwrittenapproval. <br />PolicyForm: PERFORM-10001(05-16) <br />CzDzouijbNpsbbu6;33qn-Efd21-3135 <br />