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bankruptcy, insolvency, reorganization,winding-up, or composition or adjustment of debts, <br /> and such proceeding or case continues undismissed, or an order, judgment, or decree <br /> approving or ordering any of the foregoing is entered and continues unstayed and in effect <br /> for a period of sixty consecutive days, or an order for relief against Subrecipient is entered <br /> in an involuntary case under the Federal Bankruptcy Code (as now or hereafter in effect). <br /> SECTION 17: INDEMNIFICATION <br /> Subrecipient shall hold harmless, save harmless, indemnify, and defend at the Subrecipient's <br /> expense the State of Washington, Commission, it officers, employees, successors and assigns <br /> against any and all damages and/or losses arising out of Subrecipient's use of, or presence or <br /> activity in, the facilities, including those arising out of the use or operation of equipment or <br /> facilities or as a result of the conduct of Subrecipient's programs, or from the conduct of <br /> Subrecipient's employees or agents, or damages or vandalism to facilities by third-parties, <br /> contracted or participating in Subrecipient's programs, events or activities. <br /> SECTION 18: LIABILITY INSURANCE <br /> 18.1 LIABILITY INSURANCE—If required in the special terms and conditions subrecipient shall <br /> obtain and keep in force during the term of this Agreement, a combined single limit bodily <br /> injury and property damage insurance policy in the minimum amount of$1,000,000 naming <br /> Washington State Parks Commission as an additional insured against any liability arising <br /> out of Subrecipient's or its agents, employees, or assigns. Subrecipient shall provide to <br /> Commission, a certificate evidencing such insurance coverage and shall provide 30 days <br /> written notice prior to any changes in the amount or cancellation of said policy. <br /> • Subrecipient shall buy and maintain property insurance covering all real property <br /> and fixtures, equipment, and tenant improvements and betterments. Such <br /> insurance shall be written on an all-risks basis and, at a minimum, cover the perils <br /> insured under ISO special causes of loss Form CP 10 30, and cover the full <br /> replacement cost of the property insured. Such insurance may have commercially <br /> reasonable deductibles. <br /> • Any coinsurance requirement in the policy shall be waived. <br /> • State shall be included as an insured and a loss payee under the property <br /> insurance policy. <br /> 18.2 AUTOMOBILE INSURANCE-- Subrecipient shall maintain business auto liability and, if <br /> necessary, commercial umbrella liability insurance with a limit not less than $1,000,000 per <br /> accident. Such insurance shall cover liability arising out of "Any Auto." Business auto <br /> coverage shall be written on ISO form CA 00 01, or substitute liability form providing <br /> equivalent coverage. If necessary, the policy shall be endorsed to provide contractual <br /> liability coverage. Subrecipient waives all rights against State for the recovery of damages <br /> to the extent they are covered by business auto liability or commercial umbrella liability <br /> insurance. <br /> 18.3 INDUSTRIAL INSURANCE COVERAGE-- Subrecipient shall provide or purchase <br /> industrial insurance coverage for themselves their employees as required by Labor and <br /> Industries prior to performing work under this Agreement. Commission will not be <br /> MLE 123-115 Subrecipient Agreement-Boating Program(FFA Grant Award) Page 17 of 64 <br />