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15.4 Railroad Protective Liability Insurance, The.. policy will name only Licensor as the Insured And will provide coverage of at. least $5,000,000. per occurrence and $10,000,000 inthe aggregate. The coverage obtained under this policy shall only be. effective during the initial installation and/or construction of the Pipeline, TIME CONSTRUCTION OF THE PIPELINE SMALL BE COMPLETED WITHIN ONE (.1) YEAR OF THE EFFECTIVE DATE. If further maintenance of the Pipeline is needed at a .later date, an additipnal Railroad Protective Liability. Insurance Policy shall be required, The policy will be issued on a standard ISO form: CG 00 35 12 04.and include the following: ■ Endorsed to include the Pollution Exclusion Amendment. • Endorsed to include the Limited Seepage and Pollution Endorsement. ■ Endorsed to remove any exclusion for punitive damages.. Endorsed to ind ude. Evacuation Expense Coverage Endorsement, • No other endorsements. restricting coverage may be added. • The original policy must be.provided .to Licensor and Licensee shall not perform any work or services of any kind under this agreement until Licensor has reviewed and .approved the policy. The definition of "Physical Damage to. Property" will be endorsed to read: "means direct and accidental loss of or damage -to all:property. owned by any named insured and. all property in any named insured's care, custody and. control (including, but not: limited to rolling stock and their contents; mechanical construction equipment or motive power equipment, railroad tracks, roadbeds; catenaries, signals, tunnels, bridges acid buildings) arising out of the acts .or omissions of the contractor named on the Declarations." In lieu of providing a Railroad Protective Liability Policy, for a. periodof one (1) year from the Effective . Date,. Licensee may participate in Licensors: Blanket Railroad. Protective Liability Insurance Policy availableto Licensee or its contractor. The limits of coverage are the same as above. The cost is $1,266.00. a Licensee may elect toparticipate in Licensor's Blanket. Policy; Q Licensee declines to participate is Licensor's Blanket Policy. 1515 Intentionali .Deleted. 15.6 Other Requirements; 15.6.1 Where allowable by law, no exclusion for punitive damages may be included in any policy. 15.6.2 Licensee agrees to waive its right of recovery against Licensor for all claims and suits against .Licensor per the indemnification provisions of this License. In addition, Licensee's insurers, through the terms of the . policy or policy endorsement; waive their right of subrogation against Licensor for all. claims and suits. Licensee further waives its right of recovery, andits insurers also waive their right of subrogation against Licensor for loss of Licensee's owned or leased property or property under Licensee's care, custody, or control. 15.6.3 Allocated Loss Expense, including but not. limitedto defense costs and expenses, will be in addition to all policy limits for coverage under the insurance requirements. 15.6A Licensee is not -allowed to self -insure without the prior written consent of Licensor. If Licensor allows Licensee to .selNnsure, Licensee shall directly cover any self - insured retention or other financia.l responsibility.forclaims in lieu of insurance. Any and all Licensor liabilities that would.otherwise be covered by Licensee's insurance. in accordance with the.provisions of this agreement, will be covered as if Licensee. Form 424;'Rev. 20190916