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requirements is to be construed as limiting either the type, quality or quantity of insurance Tenant should maintain or the extent of Tenant's responsibility for payment of damages resulting from its operations under this Lease. Section 15.2 Requirements Regarding Insurance All policies of insurance provided for in this Article XV shall be effected under policies in such forms and amounts as may from time to time be issued by insurers of recognized responsibility which are authorized to transact business in the State of California and which have a general policyholder's rating of not less than " B + " and a financial rating of not less than "VIII" in the most current Best's Key Rating Guide. Tenant agrees to name Landlord as an additional insured on all liability policies required of Tenant hereunder. Upon the execution of this Lease and thereafter, not less than thirty (30) days prior to the expiration date of each policy furnished pursuant to this Article XV, a certificate of insurance shall be delivered by Tenant to Landlord evidencing the insurance obtained. Each policy of insurance required of Tenant shall contain, if obtainable, either (i) a waiver by the insurer of the right of subrogation against Landlord or Tenant for the negligence of such party or (ii) a statement that the insurance shall not be invalidated should any insured waive in writing prior to a loss any or all right of recovery against any party for loss described in the insurance policy. Tenant hereby waives any and all rights of recovery against Landlord, and against its employees, agents and representatives, for loss or damage to Tenant or its property or the property of others under its control, arising from any cause insured against under the form of insurance policies required to be carried pursuant to this LEASE BETWEEN CITY OF SAN LEANDRO AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 56 2574001\313983.8