Orange County NC Website
Docusign Envelope ID : 177AA06A-30B442FF-A85A-78B5A7C51 DBE <br /> for each loss , to reimburse the Owner for Losses experienced due to the dishonest acts of <br /> Manager' s employees . <br /> 11 . 5 Property Insurance . Manager shall maintain sufficient property damage or <br /> loss insurance to cover personal property owned by Manager and the Owner at the Facility <br /> and shall maintain such insurance beginning as of the date hereof and continuing <br /> throughout all periods in which Manager has any operations at the Facility . The Owner <br /> shall maintain property insurance covering the premises of the Facility . Certificates <br /> evidencing the existence of the policies shall be maintained with Owner' s risk management <br /> department and may be provided to manager upon request . Notwithstanding the provisions <br /> of this Section 11 . 5 , the parties hereto acknowledge that the above policies may contain <br /> exclusions from coverage which are reasonable and customary for policies of such type . <br /> 11 . 6 Certain Other Insurance . If any Agreements signed by Manager prior to the <br /> Effective Date (the " Pre-existing Agreements " ) consist of agreements with independent <br /> contractors to provide services in respect of the Facility , Manager shall use its best efforts <br /> to cause such contractors to name Owner as an additional insured under any insurance <br /> maintained by such contractors pursuant to the terms of such Pre -existing Agreements <br /> and in such event to deliver to Manager promptly after request therefor a certified copy of <br /> such policy and a certificate evidencing the existence thereof. In addition , if Manager <br /> enters into any agreements during the Management Term and any renewal term with any <br /> independent contractors for the provision of services hereunder, Manager shall have the <br /> right to require such contractors to name Manager as an additional insured under any <br /> insurance required by Manager thereunder and to deliver to Manager prior to the <br /> performance of such services a certified copy of such policy , plus a certificate evidencing <br /> the existence thereof, which policy contains the same type of endorsements and provisions <br /> as provided in Section 11 . 2 . If Manager does require such contractors to name Manager <br /> as an additional insured under any insurance required by Manager, it shall also require <br /> such contractors to name the Owner as an additional insured and such policies shall <br /> contain the same type of endorsements and provisions as provided in Section 11 . 2 <br /> Manager shall , within ninety (90 ) days of the date of this Agreement and at least yearly <br /> thereafter, review the insurance carried by the Owner and Manager covering the Facility <br /> or any of Manager's or the Owner' s operations at the Facility , or required of third parties <br /> using the Facility , with regard to Manager's experiences at other similar facilities , and shall <br /> within fifteen ( 15 ) days of such review advise the Owner in writing of the results of its review <br /> and of any changes , additions or increases to the insurance requirements hereunder or <br /> applicable to third parties which are advisable under best facility management practices . <br /> The parties hereto shall each immediately notify the other, along with any applicable <br /> insurance carrier(s ) , in writing of any occurrence or discovery which could result in an <br /> insurance claim hereunder . <br /> ( a ) Manager shall require reasonable liability insurance from all third -party <br /> licensees , lessees , tenants , and renters of the Facility and shall enforce the <br /> provisions contained in all third - party contracts entered into in connection with <br /> the Facility , including the insurance requirement contained in all Owner <br /> approved event license , concessionaire , subcontractor and other similar <br /> agreements . All such liability insurance shall name Manager and Orange <br />