Orange County NC Website
Browse       Search
6. The Speedway shall purchase and maintain from an insurance company acceptable to the <br />County, insurance with the following limits of liability: <br />a. Comprehensive General Liability Insurance -Comprehensive Liability Insurance <br />shall be carried in the following amounts: One Million Dollars (1,000,000) bodily <br />injury each person, One Million Dollars (1,000,000) property damage. <br />The County shall be an additional named insured on the General Liability Insurance <br />Policy secured by the Speedway, and the Speedway shall provide appropriate <br />documentation of this status to the County. <br />7. The contract may be reviewed annually no later than January I ~`, and may be modified, <br />renewed or amended at that time, or at any other time, upon the mutual written <br />Agreement of the parties. <br />This contract may be terminated at any time by either party by giving ninety (90) days <br />notice to the other party in writing. <br />9. If either party defaults in its obligations including remitting timely payments and does <br />not cure such default within ten (10) days of receipt of notice of such default, the non- <br />defaulting party may immediately terminate the contract. <br />IN WITNESS WHEREOF, the parties hereto have duly and validly authorized and executed <br />this contract as of this day of , 2007. <br />Corporate Name <br />By: <br />Corporate Officer <br />County Of Orange <br />Chair, Board of County Commissioners <br />ATTEST: <br />County Clerk <br />