Orange County NC Website
Browse       Search
DocuSign Envelope ID: FCD9FE56-CF01-4E96-B983-B8E8DFE6811C 3 <br /> INSURANCE PROGRAM AGREEMENT <br /> Between <br /> THE TRAVELERS INDEMNITY COMPANY <br /> ("Travelers') <br /> And <br /> Orange County <br /> ("Insured") <br /> EFFECTIVE DATE: 07/01/2022 <br /> WHEREAS, the Insured wishes to obtain the Policies from Travelers, which policies contain loss <br /> sensitive components; and <br /> WHEREAS, Travelers is willing to issue the Policies pursuant to the Collateral and Payment <br /> requirements in this Insurance Program Agreement; and <br /> WHEREAS, Travelers and Insured (collectively hereinafter "the Parties") wish to enter into an <br /> agreement for the receipt and provision of insurance and insurance-related services; and <br /> WHEREAS, this Agreement is effective on the Effective Date listed above and remains in effect until <br /> terminated pursuant to its terms; and <br /> WHEREAS, this Agreement applies to each Program Term for which a Program Exhibit is attached and <br /> to all Obligations regardless of the Program Term from which the Obligation arises. <br /> NOW, THEREFORE, in consideration of the mutual promises contained in this Agreement, and for <br /> other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the <br /> Parties agree as follows: <br /> A. DEFINITIONS <br /> Capitalized terms in this Agreement are either defined in this "Definitions" section or are defined <br /> elsewhere in this Agreement (including the Exhibits). <br /> "Agreement" means this Insurance Program Agreement between the Parties, and includes Exhibits, <br /> Integrated Agreements and amendments thereto, if any. <br /> "Collateral" means security for your Obligations which you are required to provide to us pursuant to <br /> this Agreement and which is acceptable to us in form, content, issuer and amount. <br /> "Insured", "you", and "your" means the Insured listed above and each of its affiliates, divisions, <br /> subsidiaries, general partners and limited partners who are named insureds on any of the Policies <br /> Version 11.09.20 Program Agreement-Orange County Page 1 <br /> CA Form-WC 99 06 Q6(B) <br /> ©(2019)The Travelers Indemnity Company.All rights reserved. <br />