Orange County NC Website
ARTICLE XI <br /> INSURANCE <br /> The Corporation shall procure and maintain, or cause to be procured and maintained, throughout <br /> le term of this Agreement, all insurance as customarily maintained for such facilities. The types of <br /> mntnge and limits of liability obtained shall be subject to approval by the County. <br /> ARTICLE XII <br /> INDENINIFICAnON <br /> To the extent permitted by law, and further, to the extent of insurance policies owned by the <br /> Canty, the County shall indemnify, defend, and hold harmless the Corporation from and against any <br /> mi all claims or liabilities(including reasonable attorneys' fees)'arising out of or in connection with this <br /> 4r=ent where attributable to the acts or omissions performed by the County. The Corporation shall <br /> Wmu fy, defend, and hold harmless the County from and against any and all claims or liabilities <br /> W-uding reasonable attorneys' fees) arising out of or in connection with this Agreement where <br /> snbutable to the acts or omissions performed by the Corporation. <br /> ARTICLE XIII <br /> PERFORMANCE of GOVERNMENT F uNCTIONs <br /> Nothing contained in this Agreement shall be deemed or construed so as to in any way estop, <br /> hni, or impair the County from exercising or performing any regulatory, policing, legislative, <br /> p trnmental, or other powers or functions pursuant to applicable law. <br /> ARTICLE XIV <br /> DEFAULTS AND REMEDIES <br /> Section 14.01. Definition of Event of Default. <br /> A. The County shall be deemed to be in default hereunder upon the happening of any of the <br /> k&wing events of default: <br /> (i) The County fails to make payment of the Fee required under Section 3.01 when due; <br /> (ii) The County fails to budget appropriate money sufficient to pay the Fee coming due in the <br /> next ensuing fiscal year in the County's annual budget or in an interim or amended County <br /> budget; <br /> (iii) Any bankruptcy, insolvency, or reorganization proceeding or similar litigation as instituted <br /> against the County, or a receiver, custodian, or similar officer is appointed for the County or any <br /> 7 <br />