Orange County NC Website
4 <br /> accordance with the terms of this MOU. <br /> NOW,THEREFORE,the parties hereto,each in consideration of the promises and undertakings <br /> of the other as herein provided,do hereby covenant and agree, each with the other, as follows: <br /> 1. Subject to and contingent upon any authorizations required by Orange County, <br /> including the Orange County Board of Commissioners, Orange County agrees to cooperate with the <br /> municipalities within the county and to work together to identify potential additional funding <br /> mechanisms to directly support the D-O LRT Project. <br /> 2. If changes or revisions are needed to this MOU, a Supplemental MOU will be <br /> prepared. No modification to this MOU shall be effective unless agreed to in writing by the parties. <br /> 3. The parties acknowledge that this MOU does not create an enforceable fiscal <br /> obligation. Any legally binding obligation with respect to any identified additional funding <br /> mechanisms is subject to the execution of a formal agreement between the parties. <br /> 4. To the extent authorized by applicable law and without waiving any immunities,each <br /> party shall be responsible for its respective actions under the terms of this MOU and save harmless <br /> the other party from any claims arising as a result of such actions. <br /> 5. All terms of this MOU are subject to available federal and state funding and fiscal <br /> constraints. <br /> 6. This MOU contains the entire agreement between the parties related to the subject <br /> matter herein and there are no understandings or agreements,verbal or otherwise, regarding this <br /> MOU,except as expressly set forth herein. <br /> 7. Each party represents that the individual executing this MOU on its respective behalf <br /> is authorized to execute this MOU on its behalf and that the party has read this MOU,conferred with <br /> legal counsel, and fully understands its contents. <br /> 8. A copy or facsimile copy of the signature of any party shall be deemed an original with <br /> each fully executed copy of the MOU as binding as an original, and the parties agree that this MOU <br /> can be executed in counterparts,as duplicate originals,with facsimile signatures sufficient to evidence <br /> an agreement to be bound by the terms of the MOU. <br /> INTENTIONALLY LEFT BLANK. CONTINUED ON PAGE FOLLOWING. <br /> 2 <br />