Orange County NC Website
i~~ <br />"Capital Equipment" -any and alLfiirniture, fixtures, machinery or equipment, <br />either additional or replacement, having a per item original cost of $5,000 or <br />more a~~d an expected .useful life or more tha~r one year. <br />"Capital Improvements" -any and all building additions, alterations, renovations; <br />repairs or improvements that have an initial dollaz cost of not less than <br />$20,000 per project. <br />"County" - as defined in the first paragraph of this Agreement.. <br />"Contract Administrator" -the designated administrative officiaLof County (as of <br />the date hereof, ".the County Manager) as from time to'time <br />appointed by Comity, or such individual ..person(s) as may from time to time be authorized in <br />writing by such administrative official to `act for him/her with respect to any or all matters <br />pertaining to this Agreement.. <br />"Employment Period" -for the Employees (as defined in Section 7.2), tlaeperiod <br />beginning on the closing date and ending ~-~~~"^''~~•three <br />months thereafter: <br />"Event Expenses" -any and all expenses incurred or payments made by RFP in <br />connection with the occurrence of events at the Facility, including but not limited to costs for <br />event stafSng including ushers, ticket takers, security and other event staff, and costs relating to <br />setup and cleanup. <br />"Facility" - as defined in the first paragraph of the Background section of this <br />Agreement. <br />"Fiscal Year" - a one year period beginning July 1 and ending .June .30. <br />"Laws" -all federal, state, local and municipal regulations, ordinances, statutes, <br />rules, laws and constitutional provisions. <br />"Losses" -any and all losses, liabilities, claims, damages and expenses (including <br />reasonable attorneys fees and costs).. <br />"Management Term" - as defined in Section 3.2 hereof <br />"Net Operating Loss/Profit" -with respect to a Fiscal Year, the excess, if any, of <br />Operating Expenses for such Fiscal Year over Operating Revenues to such Fiscal Year, in the <br />