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10 <br />comparable evidence of Project completion is submitted by GRANTEE. The Certificate of Occupancy <br />/evidence of completion should be submitted with GRANTEE’s final request for reimbursement. <br />10. CLOSEOUT CERTIFICATION <br />The GRANTEE shall complete and submit a Closeout Certification Form when: <br />A. All activities identified in the Scope of Work shown on Attachment A are complete and the Project <br />is useable to the public for the purpose intended by the Washington State Legislature, or <br />B. When final payment is made and GRANTEE has certified that the Project will be completed and <br />the public benefit described will be maintained for the term of the Commitment Period as defined <br />in Special Terms and Conditions Section 6(B). <br />Notwithstanding anything in A. or B. above, the right of COMMERCE to recapture funds or seek other <br />remedies for failure to make the Project usable to the public shall survive the closeout or termination of <br />this Grant Agreement. <br />COMMERCE reserves the right to request additional information related to the Project. <br />11. INSURANCE <br />A. Insurance Requirements for Reimbursable Activities <br />The GRANTEE must have insurance coverage that is substantially similar to the coverage described <br />in Section 11B below for all periods in which GRANTEE performed work for which it will seek <br />reimbursement. The intent of the required insurance is to protect the State of Washington should <br />there be any Claims, suits, actions, costs, damages or expenses arising from any loss or negligent or <br />intentional act or omission of the GRANTEE or subgrantee/subcontractor, or agents of either, while <br />performing under the terms of this Grant Agreement. <br />B. Additional Insurance Requirements During the Term of the Grant Agreement <br />i. The GRANTEE shall provide proof to COMMERCE of insurance coverage that shall be <br />maintained in full force and effect, as indicated below, and shall submit renewal certificates not <br />less than 30 calendar days prior to expiration of each policy required under this Section: <br />a. Commercial General Liability Insurance Policy. Provide a Commercial <br />General Liability Insurance Policy, including contractual liability, written on an occurrence basis, in <br />adequate quantity to protect against legal liability arising out of or related to this Grant Agreement <br />but in no less than $1,000,000 per occurrence. Additionally, the GRANTEE is responsible for <br />ensuring that any subgrantee/subcontractor provide adequate insurance coverage for the <br />activities arising out of or related to subgrants/subcontracts (if any). Commercial General Liability <br />Insurance coverage shall be maintained in full force and effect during the term of this Grant <br />Agreement and throughout the Commitment Period as defined in Special Terms and Conditions <br />Section 6(B). This insurance must be maintained throughout the term of the Grant Agreement <br />and the Commitment Period as defined in Special Terms and Conditions Section 6(B). <br />b. Property Insurance. The GRANTEE shall keep the property insured in an <br />amount sufficient to permit such insurance to be written at all times on a replacement cost <br />basis. Such insurance shall cover the following hazards, as applicable: <br />1. Loss or damage by fire and such other risks; <br />2. Loss or damage from leakage or sprinkler systems now or hereafter <br />installed in any building on the premises; <br />3. Loss or damage by explosion of steam boilers, pressure vessels, oil or <br />gasoline storage tanks, or similar apparatus now or hereafter installed in a building or <br />building on the premises. <br />Docusign Envelope ID: 9B889CF2-7957-48F2-B06A-301BAAA8C3CA