Agenda - 12-11-2008 - 3a - Laserfiche WebLink

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67 ARTICLE X INSURANCE AND TAXES 137. At all times during the term of this Agreement, the Parties shall maintain worker's compensation insurance, covering liability under applicable worker's compensation law, at the statutory coverage levels. 138. Any subcontractor retained by the University in connection with the construction of the LFG Project shall comply with the minimum insurance requirements specified by the ~;r ~~:.,. North Carolina State Construction Office under thec~`~ln ttuctions to Bidders and General ~._,~ Conditions of the Contract" (Form OC-15). The~lfl`i~~rsity s r~~require each such construction subcontractor to maintain such coverages for the fie ~ periods required therein. Any r~' x subcontractor retained by the University in connection with ~ 'nperation of the LFG Project shall comply with the minimum insurance requirements specified inn-t:he "North Carolina General Contract Terms and Cond~a ~,,or the "University of North Carolina at Chapel Hill General ~~ .. » Terms and Conditi -.risKcir Co :vodities and Services, as applicable. The University steal ~ ~ .r ~ ~. require each such operat `" ~~~ ubebt~~r.'ac~'~~r to...~inaintain such coverages for the time perio s `" z ~' ~: ~~ u , 4rx- required therein. g~~,~ ~' K, ` ~e.c' 139. No subcontracting sha~l+l~relieve any Parry of its obligations under this Agreement. Each Parry shall remain primarily liable and obligated to the other Parry for the timely and proper performance of all of its obligations hereunder even if such obligations are delegated to third-party subcontractors. 140. Each Party shall be responsible for any taxes or assessments levied on any real, personal or tangible property owned by it, inclusive of any LFG on that parry's respective side of the Delivery Point after the Closing Date of this Agreement. .All transfer, documentary, sales, use, stamp, registration, recording, conveyance and other similar taxes, fees or charges 44 {00018638.DOC 16}