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EXHIBIT F <br />INSURANCE Rf, QUIREMENTS <br />F.l General Requirements. At all tirnes r.vhen this Lease is in effect Lessee shall maintain in <br />force all requiretl insurance covel'age and shall have on file with the Lessor Certificates of <br />Insurance eviclelcing the same. All certilicates shall be signed by a person authorized by the <br />insurer and licensed by tlre State of Washington. All policies, except any policies required fbr <br />workers'compensation or effors and omissions, and the certificates evidencing coverage shall <br />name Lessor and Lessor's Associates as additional insureds. Lessee shall provide for a renewal <br />of all insurance coverage on a timely basis to prevent any lapse in coverage. Lessor retains the <br />right to approve any deductibles, and Lessee shall notify Lessor of any tnaterial erosion of the <br />aggregate lirnits of any policy. Lessee's policies shall be pritnary' <br />F.2 Minimum Requiremcnts. Lessor's insurance requirements are minimum requirements as <br />stated in the Bowers Field Minimum Standards, and Lessee is responsible to obtain adequate <br />insurance coverage as Lessee may determine. Except as otherwise expressly set forth in this Lease, <br />Lessee assumes all lisk under this Lease (including, but not limited to, business intemrption <br />claims) whether or not insured. <br />F.3 Waiver of Suhrogation. Notwithstanding any other provisiott contained in this Lease, <br />each of the palties hereby waives any rights of subrogation it may have against the other party <br />fbr loss or damage from any risk that is covered by insurance (including, but not limited to, <br />claims for busirress interruption). Each of the parties shall obtain a clause or endorsetnent <br />providing for such waiver of subrogation in any policies of insurance required trnder this Lease. <br />F.4 Terms Subject to Change. Lessor, in its sole and absolute discretion, reserves the right to <br />review and adjust at any time Lessee's required insurance limits, types of coverage, and any other <br />terms applicable to insurance to insure against any risk associated with this Lease or Lessee 's use, <br />occupancy, or operations at the Airport. Among other things, Lessor may review any or atl <br />insurance coverage on a periodic basis and in connection with any specific activity or event <br />associated with the Airport or proposed by Lessce . <br />F.5 Reimbursement for lncreased Costs to Lessor. If any insurance carrier providing <br />coverage to Lessor increases its chargc of any policy of insumnce canied by Lessor as a result of <br />this Lease or Lessee's use, occupancy, or operations at the Airport, Lessee shall pay the amount <br />of such increase within ten (10) days after Lessor delivers to Lessee a certified statement from <br />Lessor's insurance carrier stating the amount of the increase attributable to Lessee. <br />r.nssno BYfi 3l