AG 2002 06 17 (Regular) - Laserfiche WebLink

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attributable to the insured's Equipment at the Complex; but in no event, less than One M~llion Dollars an'd 00/100 ($1,000,000.) per occurrence for liability coverage ~md One M~lIibn Dollars and 00/100 ($1',000,000.) per .occun:ence for' property damage. T~e'pa~des hereto jointly and ~everally agree to indernui~ and hold h .~mless each other from and against any and all damages, clairas, costs or expenses of a,uy k%d or nature (including without limitation, claims resulting fi-om death or injury to an individual and' any a~omeY's fees mad court costs) as they are incurred a~d finally awarded, arising out of or in any way, directly or indirectly, attributable, directly 9r iud/rectly, to its respective use of the Complex or the insu~ed's Equipment at the Complex; .including without Hmit~ion, those claim~ arising out of or attributable to persons 6i:' entities claiming through the insured, such as (for pm'pqses of illustration and not by ]imitation) agents for, ~n~tees and volunteers Working for the insurecL ~SCELLANEOUS Te~. The term of the Agreement shall be for twenty-five years, ~mless te~-,iuated sooner as 'set forth herein. ~ This Agreement is govemed by the laws of the State of North Carolina. Para_~raph Headings. Paragraph headings are for convenience only and are.not deemed to be a controlling part of this Agreem.ent. Re~oludon of Conflicts. A.uy conflicts between the terms and conditions .o. fthis · Agreement' and the Lease shall be resolved in favor of the Lease. Furthermore, the parties hereto agree that they .will utilize their best efforts to resolve any conH~cts or disputes with regard to this Agreement between themselves. However, in the event, dispute self-resolution is not successful, the parties agree to a formal mediation of their Concerns. In the event mediation is not successful, the p .a~ties agree to formal arbitration which shall be binding upon the parties. No pamership. No terms or conditions of this Agreement shall be deemed to create a legal partnership between the parties taeret, o. Neither pa~ has the authority to bind the other party with regard to any commitments of any. k~nd or nature, inclnaiug without l~mitation, financial commitments. Te .rrn. juation and Amendment. This agreement may not be amended without the written consent of the parties hereto. Either party hereto may terminate this agreement prior to the terruination date for cause only, which shall be resolved in accordance with the Kesolution of Conflicts provision of tl~..s Agreement.