Orange County NC Website
bank account in the name of the County in a depository designated by the <br />County. All revenues collected by RFP arising from, related to or payable <br />in connection with the Facility, including but not limited to revenues for <br />membership fees, user fees, box office sales, facility or equipment rentals, <br />utility rental agreements, food and beverage concessions, naming or <br />pouring rights, licensing agreements, sales, marketing, leasing or other <br />commissions, or any other source, are the sole property of the County, <br />held in trust by RFP for the County, for deposit in the depository account <br />in the County's name designated for that purpose as provided herein. The <br />County agrees to transfer funds from the depository account in the name <br />of the County to one but not more than one of the operating accounts. Any <br />amounts remaining in the operating accounts, upon termination or <br />expiration of this Agreement for any reason, after payment of all <br />outstanding Operating Expenses, shall be the sole property of the County <br />and shall be promptly paid by RFP to the County. <br />2, In all other respects the Agreement is confirmed to be as it is written. <br />IN WITNESS WHEREOF, this AMENDMENT #1, MANAGEMENT <br />AGREEMENT has been duly executed by the parties hereto as of the day and year first <br />above written. <br />Orange County, North Carolina <br />By: <br />Barry,lacobs, Chair <br />Orange County Board of Commissioners <br />