Orange County NC Website
55 <br /> to (1) the choice of any supplier, vendor or designer of, or any other contractor with <br /> respect to, the Improvements or any component part thereof or any property or rights <br /> relating thereto, or (2) any action taken or to be taken with respect to the Improvements <br /> or any component part thereof or any property or rights relating thereto at any stage of the <br /> construction thereof, (c) has not at any time had physical possession of the Improvements <br /> or any component part thereof or made any inspection thereof or any property or rights <br /> relating thereto, and (d) has not made any warranty or other representation, express or <br /> implied, that the Improvements or any component part thereof or any property or rights <br /> relating thereto (1) will not result in or cause injury or damage to persons or property, (2) <br /> have been or will be properly designed, or will accomplish the results which the School <br /> Board intends therefor, or (3) are safe in any manner or respect. <br /> 8.2. Further Assurances; Corrective Instruments. The School Board and the <br /> County agree that they will, from time to time, execute, acknowledge and deliver, or cause <br /> to be executed, acknowledged and delivered, such supplements hereto and such further <br /> instruments as may reasonably be required for correcting any inadequate or incorrect <br /> description of the Leased Property hereby leased, or intended to be leased, or for otherwise <br /> carrying out the intention of this Lease. <br /> 8.3. Covenant against Financing Contract Defaults. The School Board <br /> covenants not to take or omit to take any action the taking or omission of which would <br /> cause the County to be in default, technical or otherwise, under the Financing Contract. In <br /> particular, the School Board covenants not to make any use of Grady Brown that would <br /> cause the County's obligations to make Installment Payments under the Financing Contract <br /> to be "private activity bonds" within the meaning of the Code, such as entering into any <br /> leases of any part of the Leased Property or entering into any contracts for the use, <br /> management or operation of any part of the Leased Property without the County's consent. <br /> If the School Board takes or omit to take any such action, then, to the extent permitted by <br /> law, the School Board will proceed with all due diligence to take such actions as may be <br /> necessary to cure such default. <br /> 8.4. Compliance with Requirements. The School Board and the County must <br /> observe and comply promptly with all current and future orders of all courts having <br /> jurisdiction over the Leased Property or any portion thereof(or be diligently and in good <br /> faith contesting such orders), and all current and future requirements of all insurance <br /> companies writing policies covering the Leased Property or any portion thereof. <br /> 8.5. Personal Property Insurance. The School Board acknowledges that it is <br /> solely responsible for insuring the personal property owned by the School Board that at any <br /> time or from time to time may be located at the Leased Property. <br /> 8.6. Permits and Other Authorizations. The School Board covenants and <br /> represents to the County that the School Board has obtained all permits, consents, <br /> approvals or authorizations of all governmental entities and regulatory bodies required as a <br />