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to take advantage of any other law relating to bankruptcy, insolvency, reorganization, winding -up,
<br />or composition or adjustment of debts, (g) fails to controvert in a timely and appropriate manner, or
<br />acquiesces in writing to, any petition filed against it in an involuntary case under the Bankruptcy
<br />Code, or (h) takes any action for the purpose of effecting any of the foregoing; or
<br />15.4 A proceeding or case is commenced, without the application or consent of Subrecipient, in any
<br />court of competent jurisdiction, seeking (a) the liquidation, dissolution or winding -up, or the
<br />composition or readjustment of debts of Subrecipient, (b) the appointment of a trustee, receiver,
<br />custodian, liquidator, or the like of Subrecipient or of all or any substantial part of its assets, or (c)
<br />similar relief in respect to Subrecipient under any law relating to bankruptcy, insolvency,
<br />reorganization, winding -up, or composition or adjustment of debts, and such proceeding or case
<br />continues undismissed, or an order, judgment, or decree approving or ordering any of the foregoing
<br />is entered and continues unstayed and in effect for a period of sixty consecutive days, or an order
<br />for relief against Subrecipient is entered in an involuntary case under the Federal Bankruptcy Code
<br />(as now or hereafter in effect).
<br />SECTION 16: 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 facilities
<br />or as a result of the conduct of Subrecipient's programs, or from the conduct of Subrecipient's
<br />employees or agents, or damages or vandalism to facilities by third -parties, contracted or
<br />participating in Subrecipient's programs, events or activities.
<br />SECTION 17: LIABILITY INSURANCE
<br />17.1 LIABILITY INSURANCE—If required in the special terms and conditions subrecipient shall obtain
<br />and keep in force during the term of this Agreement, a combined single limit bodily injury and
<br />property damage insurance policy in the minimum amount of $1,000,000 naming Washington
<br />State Parks Commission as an additional insured against any liability arising out of Subrecipient's
<br />or its agents, employees, or assigns. Subrecipient shall provide to Commission, a certificate
<br />evidencing such insurance coverage and shall provide 30 days written notice prior to any changes
<br />in the amount or cancellation of said policy.
<br />• Subrecipient shall buy and maintain property insurance covering all real property and
<br />fixtures, equipment, and tenant improvements and betterments. Such insurance shall be
<br />written on an all-risk's basis and, at a minimum, cover the perils insured under ISO special
<br />causes of loss Form CP 10 30, and cover the full replacement cost of the property insured.
<br />Such insurance may have commercially 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 insurance
<br />policy.
<br />17.2 AUTOMOBILE INSURANCE– Subrecipient shall maintain business auto liability and, if necessary,
<br />commercial umbrella liability insurance with a limit not less than $1,000,000 per accident. Such
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