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oo <br /> Combined Single Limits of no less than: $2,000,000 general aggregate <br /> $1,000,000 products completed operations <br /> aggregate <br /> $1,000,000 each occurrence <br /> The Town of Chapel Hill,NC, shall be named as additional insured. <br /> Comprehensive Automobile Liability Insurance - The Lessee shall procure and <br /> maintain during the term of the lease commercial automobile liability insurance for <br /> not less than the following limits, or greater if required by law. <br /> Combined Single Limit of no less than: $1,000,000 <br /> This shall cover all vehicles including owned, non-owned and hired vehicles. The <br /> Town of Chapel Hill shall be named as additional insured. <br /> Excess Liability Insurance - In addition to the requirements of the above <br /> paragraphs, the Lessee shall be responsible for procuring and maintaining during <br /> the term of the lease,an umbrella or excess liability policy in the following amount: <br /> $5,000,000 per occurrence over primary insurance <br /> $10,000,000 aggregate <br /> The Town of Chapel Hill shall be named as additional insured. <br /> Each certificate of insurance and policy required hereunder, except the worker's <br /> compensation policy, shall bear the provision that "The policy cannot be canceled <br /> or reduced in any amount and that coverage cannot be eliminated in less than thirty <br /> (30) days after mailing written notice to the Town of Chapel Hill such alteration, <br /> cancellation, or elimination, the written notice to be sent by Certified Mail." A <br /> provision regarding cancellations, reductions in amount or elimination of coverage <br /> to the effect that the insurer's failure to mail notice shall impose no liability upon <br /> the insurer shall not be acceptable. If an insurance policy is canceled,it shall be the <br /> Lessee's obligation to procure a replacement policy in sufficient time so that there <br /> is no lapse in coverage. <br /> 12. Inspection by Lessor. For the purpose of examining and inspecting the condition of <br /> the Equipment during the term of this lease, Lessor will, no less than biennial to <br /> time require the inspection of the Equipment, either at Lessee's facilities or at a <br /> facility selected by the Lessor. <br /> 13. Tax Title and Plates. As part of the procurement of the vehicles,the Lessor shall be <br /> responsible for any fees associated with the Tax,Tags and Title of the Equipment. <br /> 4 <br />