Orange County NC Website
Browse       Search
18 <br />II. Grantee shall at all times during the Franchise <br />term maintain in force and effect insurance <br />coverage, issued by an insurance company licensed <br />to do business in North Carolina for Worker's <br />compensation coverage for all employees with <br />statutory limits in compliance with applicable <br />Law. <br />(b) Insurance coverage necessary to comply with this <br />Section shall be approved by the Grantor, (such <br />approval shall not be unreasonably withheld) and <br />copies of such insurance policies (or certificates of <br />insurance) shall befiled with the Grantor. <br />(c) The Grantor shall be named as an~additional insured as <br />its interests may appear. <br />Section 14. Transfer of Ownership or Control <br />(a) Prior approval of the Grantor shall be required where <br />ownership or control of more than ten percent of the <br />right of control of the Grantee is acquired by a <br />Person or group of Persons acting in concert, none of <br />whom own or control ten percent or more of such right <br />of control, singularly or collectively, at the date of <br />the Franchise. By its acceptance of the Franchise, the <br />Grantee specifically agrees that any such acquisition <br />occurring without prior approval of the Grantor shall <br />constitute a violation of the Franchise by the Grantee <br />and shall be cause for termination at the option of <br />the Grantor. <br />(b) Any change of ownership of Grantee without the <br />approval of the Grantor shall terminate the Franchise <br />and shall require a new application and a new <br />Franchise and conformance with all the requirements of <br />the Orange County Franchise Ordinance, as amended, as <br />upon original franchising. <br />(c) Any change in the level~of service offered by a <br />Grantee's EMS Services unit without the approval of <br />the Grantor shall terminate the Franchise and shall <br />require a new application and a new franchise and <br />conformance with all the requirements of the Orange <br />County Franchise Ordinance, as amended, as upon <br />original franchising. <br />16 <br />