Orange County NC Website
<br />4 <br />on behalf of TABLE, or should TABLE fail to perform any of the terms of this Agreement, <br />then the COUNTY may, at its option, appropriate and apply the security deposit, or so <br />much thereof as may be necessary, to compensate toward the payment of the usage fees, <br />charges or other sums due from TABLE, or towards any loss, damage or expense sustained <br />by the COUNTY resulting from such default on the part of the TABLE, and in such event <br />TABLE upon demand shall restore the security deposit to the amount set forth above in <br />this paragraph. Within ninety (90) days of the termination of this Agreement, any unused <br />portion of said sum shall be returned to TABLE, as appropriate, but only after an inspection <br />of the Property has been made by the COUNTY after vacation thereof by TABLE, and <br />application of the deposit as allowed hereunder and by North Carolina law. TABLE shall <br />not be credited with or entitled to any interest on Security Deposit and the COUNTY shall <br />have no obligation to segregate or otherwise account for the security deposit except as <br />provided in this paragraph. <br /> <br />7. Usage Fee. In consideration for use of the Property, TABLE will pay to the COUNTY <br />a usage fee, as found in Exhibit C. The first year’s installment of the usage fee shall be <br />payable upon execution of this Agreement. All subsequent installments of the usage fee <br />shall be paid in advance on or before the first day of the new usage year. Each installment <br />of usage fee payable to the COUNTY by TABLE shall be paid in lawful money of the <br />United States, to the following payee, or as the COUNTY may otherwise designate from <br />time to time by written notice given to TABLE: <br /> <br />Orange County DEAPR <br />PO Box 8181 <br />1020 US 70 West <br />Hillsborough NC, 27278 <br /> <br />8. No Agency. Each party to the Agreement shall act as an independent employer and <br />shall not act as the agent, employee, or servant of the other party. Accordingly, COUNTY <br />personnel (including employees, interns, volunteers or agents) while engaged in COUNTY <br />business shall not be considered the employee(s) or agents of TABLE and the employees <br />of TABLE shall not be considered employees or agents of the COUNTY and neither party <br />shall enter into any contract or agreement with a third party which purports to obligate or <br />bind the other party. Specifically, neither party’s employees, interns, volunteers or agents <br />shall be entitled to worker’s compensation benefits from the other party as a result of any <br />duty or obligation to be performed under this Agreement. <br /> <br />9. Assignment. This Agreement is not assignable. This Agreement contains the entire <br />understanding of both parties as to the subjects covered herein and shall not be altered, <br />amended or modified except by an agreement in writing executed by the duly authorized <br />officials of both parties. <br /> <br />10. Default/Remedies. <br /> <br />(a) If one or more of the following events (collectively, “Events of Default”) <br />shall occur and shall continue for such time after notice required to be given <br />is given as hereinafter provided: <br />i. If TABLE shall fail to pay any rent or any other sum due in accordance with <br />the terms of this Agreement and such default shall continue for a period of <br />Docusign Envelope ID: E79A8BDE-1CFC-4438-8134-B9F0C70B7053