Agenda - 02-17-2009 - 4l - Laserfiche WebLink

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ARTICLE X INSURANCE AND TAXES 136. At all times during the term of this Agreement,the Parties shall maintain worker's compensation insurance, covering liability under applicable worker's compensation law, at the statutory coverage levels. 137. Any subcontractor retained by the University in connection with the construction of the LFG Project shall comply with the minimum insurance requirements specified by the North Carolina State Construction Office under the "Instructions to Bidders and General Conditions of the Contract" (Form OC-15). The University shall require each such construction subcontractor to maintain such coverages for the time periods required therein. Any subcontractor retained by the University in connection with the operation of the LFG Project shall comply with the minimum insurance requirements specified in the "North Carolina General Contract Terms and Conditions" or the "University of North Carolina at Chapel Hill General Terms and Conditions for Commodities and Services," as applicable. The University shall require each such operating subcontractor to maintain such coverages for the time periods required therein. 138. No subcontracting shall relieve any Party of its obligations under this Agreement. Each Party shall remain primarily liable and obligated to the other Party for the timely and proper performance of all of its obligations hereunder even if such obligations are delegated to third-party subcontractors. 139. Each Party shall be responsible for any taxes or assessments levied on any real, personal or tangible property owned by it, inclusive of any LFG on that party's respective side of the Delivery Point after the Effective Date of this Agreement. All transfer, documentary, sales, use, stamp, registration, recording, conveyance and other similar taxes, fees or charges 45 {00018638.DOC 24}