Orange County NC Website
43 <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 be filed 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_Frarichise 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 />(d) Grantee may not sell, assign, mortgage or otherwise <br />transfer the Franchise without the approval of the <br />Grantor; and.a finding of conformance with all <br />requirements of the Orange County Franchise~Ordinance, <br />as amended, as upon original franchising. <br />I6 <br />