2025-462-E-DEAPR-Recreation Factory Partners-portsplex Management Agreement

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stating, "This policy will not be canceled or materially changed or altered without first giving thirty (30) days' written notice thereof to Orange Owner, North Carolina, Attention: Orange Owner Risk Manager, P.O. Box 8181, Hillsborough, NC 27278, sent by certified mail, return receipt requested." 11.2 Endorsement. The additionally insured endorsement shall further provide the Owner, its officers, officials, employees, and agents are to be covered as additional insureds on the commercial general liability policy with respect to liability arising out of work or operations performed by or on behalf of Manager including materials, parts, or equipment furnished in connection with such work or operations. General liability coverage can be provided in the form of an endorsement to Manager’s insurance (at least as broad as ISO Form CG 20 10 11 85 or if not available, through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 if a later edition is used). With respect to policies procured by it, Manager shall deliver to the Owner satisfactory evidence of such renewal of such policies prior to a policy's expiration date except for any policy expiring on the termination or expiration date of this Agreement or thereafter. Except as provided in Sections11.5 and 11.6, all insurance procured by Manager in accordance with the requirements of this Agreement shall be primary over any insurance carried by the Owner and shall not require contribution by the Owner. 11.3 Worker’s Compensation Insurance. Unless explicitly exempted under law, Manager shall, at all times, maintain worker's compensation insurance (including occupational disease hazards) with an authorized insurance company or through the North Carolina State Compensation Insurance Fund or through an authorized self-insurance plan approved by the State of North Carolina insuring its employees at the Facility in amounts equal to or greater than required under law. 11.4 Fidelity Insurance and Bonds. Manager shall maintain during the term of this Agreement Fidelity Insurance or Fidelity Bonds covering all of Manager's personnel employed at the Facility in the amount of Five Hundred Thousand Dollars ($500,000.00) for each loss, to reimburse the Owner for Losses experienced due to the dishonest acts of Manager's employees. 11.5 Property Insurance. Manager shall maintain sufficient property damage or loss insurance to cover personal property owned by Manager and the Owner at the Facility and shall maintain such insurance beginning as of the date hereof and continuing throughout all periods in which Manager has any operations at the Facility. The Owner shall maintain property insurance covering the premises of the Facility. Certificates evidencing the existence of the policies shall be maintained with Owner’s risk management department and may be provided to manager upon request. Notwithstanding the provisions of this Section 11.5, the parties hereto acknowledge that the above policies may contain exclusions from coverage which are reasonable and customary for policies of such type. With respect to policies procured by it, the Contract Administrator on behalf of the Owner shall deliver to Manager satisfactory evidence of such renewal of such policies at least twenty (20) days after a policy's expiration date except for any policy expiring on the termination date of this Agreement or thereafter. Docusign Envelope ID: 177AA06A-30B4-42FF-A85A-78B5A7C51DBE