Orange County NC Website
5 <br /> 2. Cancellation for Cause. Upon default by either party of its obligations pursuant <br /> to this Agreement, including failure of either party to perform or fulfill any <br /> covenants or conditions set forth herein,the non-defaulting party may terminate <br /> this Agreement upon ten days written notice if the default is not cured within <br /> seven business days after notice of failure to pay within five business days after <br /> notice for any other default. <br /> 3. Substitute Performance. OCHD shall have the right to hire a third party to <br /> perform any act required of TBI by this Agreement if TBI fails to perform that act <br /> or correct the default within twenty-four hours notice. <br /> 4. Governmental Action. In the event any regulatory body, court, legislative body <br /> or administrative agency prohibits OCHD from having the bill and/or notice <br /> services contemplated under this Agreement performed by a party other than <br /> OCHD or attaches conditions to such performance which would be unduly <br /> burdensome in OCHD's opinion,this Agreement shall terminate immediately <br /> upon notice to TBI by OCHD. <br /> III. PAYMENT TO TBI <br /> 1. Initial Price. TBI will invoice OCHD monthly for all services. OCHD agrees to <br /> pay TBI within 15 days of receipt of an invoice for services performed as follows: <br /> (a) for the initial three-year term of this Agreement, computer processing, <br /> printing,handling and other labor costs together with all supplies including <br /> bill and/or notice card stock shall be: <br /> Estimated Annual Charges (based on numbers) each <br /> Number of bills and/or notices Rate Total <br /> 47,000 $0.105 $ 4,935. <br /> Postage $0.18 $ 8,460. <br /> Annual total for printing,postage, and mailing: $13,395. <br /> (b) A sum representing an estimate for postage to be metered by TBI shall be paid <br /> by OCHD to TBI two weeks prior to the mailing. <br /> (c) Total cost of this three-year Agreement will not exceed$40,185. Actual costs <br /> are based on the actual number of cards printed and mailed. <br />