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VA <br />The Localities and University of North Carolina are in no way <br />responsible for the $25,000 deductible. <br />3. Business Auto Pol"igy_:_ Shall provide for not less than a <br />combined single limit of $1,000,000 per occurrence for bodily <br />injury liability and property damage liability. <br />This shall apply to Code 1, any auto. <br />4. The Localities and the University of North Carolina at Chapel <br />Hill are to be named as additional insureds on the <br />Comprehensive General Liability policy. A certified copy of <br />endorsements naming the additional insureds shall be forwarded <br />to each of the additional insureds immediately upon the <br />signing of this agreement (endorsements must accompany the <br />return of this contract to localities). <br />5. Certificates of insurance on an Acord 25 (8/84) Form meeting <br />the required insurance provisions shall be forwarded to the <br />Town of Chapel Hill "s Purchasing Agent. Wording on the <br />Certificate which states that no liability shall be imposed <br />upon the company for failure to provide such notice is not <br />acceptable. Original policies or certified copies of policies <br />may be required by the -Town at any time. <br />The Contractor agrees to protect, defend, indemnify and hold <br />harmless the Localities and the University from all loss, <br />liability, claims or expense (including reasonable attorneys' <br />fees arising from bodily injury, including death or property <br />damage to any person or persons caused in whole or in part by <br />the negligence or willful misconduct of the contractor except <br />to the extent same are caused by the negligence or- misconduct <br />of the Localities and University. <br />SECTION 2. Subject to the remaining provisions of this <br />Agreement, the Localities shall pay to Southern for the <br />satisfactory performance of its obligations under this agreement <br />the sum of Eight thousand and twenty dollars ($8,020). <br />a) The Localities shall pay to Southern the contract <br />amount upon receipt from Southern of an accurate invoice after the <br />July 4 celebration display. <br />b) Southern may cancel the fireworks display because of <br />inclement weather as long as this determination is made reasonably <br />and in good faith at the UNC -CH campus site by Southern personnel <br />no earlier than 10:00 pm on July 4th. The Localities may reschedule <br />the fireworks display to July 5th or another date in 1991 at an <br />additional cost equal to actual additional expenses incurred by <br />rescheduling, up to $600. <br />