Orange County NC Website
22 <br />found, advise the Grantor of the remedy it intends to pursue to correct the problem, the <br />action to remedy the problem, and provide copies of test data to show that the problem <br />has been corrected. <br />Section 30. Books and Records - Reports <br />The Grantee shall provide the following to the Grantor: <br />A. A quarterly Franchise Fee report that itemizes revenues received. <br />B. Within ninety (90) calendar days after the close of the Grantee's fiscal year, a <br />written annual report setting forth Gross Revenues received by category for said <br />fiscal year certified by an official of the Grantee. Upon request of the Grantor the <br />Grantee shall furnish to the Grantor a copy of the most recent annual report, <br />including a financial statement, of the Grantee or its parent entity.. <br />C, A copy of any notice of deficiency, forfeiture, or other document issued by any <br />state or federal agency which has instituted any investigation or civil or criminal <br />proceeding naming the Cable System, the Grantee, or any operator of the Cable <br />System, to the extent the same may affect or bear on the operations of the <br />Grantee's Cable System. <br />D. A copy of any request for protection under bankruptcy laws, or any judgment <br />related to a declaration of bankruptcy by the Grantee, any affiliate that controls or <br />manages the Grantee, or any operator of the Cable System. <br />Section 31. Insurance <br />A, Within thirty (30) calendar days after the effective date of the Franchise, the <br />Grantee shall provide proof of the required insurance. The Grantee shall maintain <br />this insurance throughout the Franchise term. Insurance shall include, in amounts <br />not less than those indicated herein: <br />1, Worker's compensation coverage for all employees with statutory limits in <br />compliance with applicable state and federal laws. The policy shall <br />include employers' liability with a limit of five-hundred thousand dollars <br />($500,000) for each accident; <br />2. Comprehensive general liability with a minimum limit of two million <br />dollars ($2,000,000) per occurrence [four million ($4,000,000) aggregate] <br />combined single limit for bodily injury liability and property damage <br />liability. This shall include premises and/or operations, independent <br />contractors, and subcontractors and/or completed operations, broad form <br />property damage, XCU coverage, and a contractual liability endorsement; <br />and,