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7 <br />b. Com rehensive General Liabilit : <br />Coverage shall have minimum limits of $1,000,000 per <br />occurrence, combined single limit for bodily injury liability <br />and property damage liability. This shall include premises <br />and operations, independent contractors; products and <br />completed operations and contractors; products and completed <br />operations and contractual liability. <br />c. Business Auto Liabilit : <br />Coverage shall have minimum limits of $1,000,000 per <br />occurrence, combined single limit for bodily injury liability <br />and property damage liability. This shall include owned <br />vehicles, hired and non-owned vehicles and employee non- <br />ownership. <br />SPECIAL REQUIREMENTS, <br />a. The Town is to be named as an additional insured on the <br />Comprehensive General Liability policy.. <br />b. Current, valid insurance policies meeting and the above <br />requirements shall be maintained for the duration of the <br />event. Renewal certificate shall be sent to the Town 30 <br />days prior to any expiration date. There shall also be <br />a 30 day notification to the Town in the event of <br />cancellation or modification of any stipulated insurance <br />coverage. Certificates of insurance on an Accord 25 Form <br />meeting the required insurance provisions shall be <br />forwarded to the Town of Chapel Hill's Purchasing Agent. <br />Wording on the Certificate which states that no liability <br />shall be imposed upon the company for failure to provide <br />such notice is not acceptable. Original policies or <br />certified copies of policies may be required by the Town <br />at any time. <br />c. Hold Harmless <br />U. S. Tire agrees to protect, defend, indemnify and hold <br />harmless the Town from all loss, liability, claims or <br />expense (including reasonable attorneys' fees) arising <br />from bodily injury, including death or property damage to <br />any person or persons caused in whole or in part by the <br />negligence or willful misconduct of the contractor except <br />to the extent same are caused by the negligence or <br />misconduct of the Town. <br />d. This agreement may be terminated by either party upon <br />sixty day's written notice. <br />e. Term- <br />This•Agreement, unless amended as provided herein, shall <br />be in effect from July 1, 7.993, through June 30, 1994. <br />If mutually agreeable the Town and U. S. Tire Recycling <br />may exercise an option for an additional two (2) years; <br />through June 30, 1996. <br />