2000 037 Ordinance - Laserfiche WebLink

Home Browse Search

Cablevision/Mayfield Village Franchise Agreement 2000 Page No. -8- franchise fee. Grantee shall implement such change in the percentage within Sixty (60) days of the adoption of the amendment to this agreement. The Franchise Fee shall be payable quarterly by May 15 for the quarter ending March 31, by August 15 for the quarter ending June 30, by November 15 for the quarter ending September 30, and by February 15 for the quarter ending December 31st of each calendar year. Each payment shall be accompanied by a Franchise Fee Payment Worksheet in the form attached hereto as Exhibit "B", and such other relevant information as may be reasonably required by the Grantor. Section 12. Renewal Fees. (a) ~ Grantee shall pay the reasonable cost of publication of this Franchise Agreement and any amendments thereto to the extent such publication is reasonably required by the Grantor. (b) To aid in the analysis and resolution of any future disputed matters relative to this Franchise Agreement, the Grantor and Grantee may, by mutual agreement (both as to whether to hire and whom to hire), employ the services of technical, f nancial or legal consultants, as mediators. All reasonable fees of the consultants incurred by the Grantor and the Grantee in this regard shall be borne by Grantor and Grantee, respectively, with respect to any consultants retained by it. " Section 13. Liability Insurance. (a) Upon the effective date of the granting of.this Franchise, the Grantee shall, at its sole expense, purchase and maintain during the term of this Franchise Agreement public liability insurance with a company licenses to do business in the State of Ohio with an A.M. Best rating of not less than "A" that shall protect the Grantee as named insured and the Grantor, and the Grantor's officials, officers, employees and agents as additional insureds from claims which may arise from operations~under this Agreement, whether such operations are by the Grantee, its officials, officers, directors, employees and agents or.any subcontractors of Grantee: This liability insurance shall include, but shall not be limited toy protection against claims arising from bodily and personal injury and damage to property, resulting from Grantee's automobiles, products and operations. The insurance shall provide coverage at all times for not less than $500,000 for bodily injury to any one person and $1,000,000 bodily injury aggregate per single accident or occurrence, and $500,000 for damage to any single property, and $1,000,000 for property damage aggregate per single accident or occurrence, plus costs of defense; or in such other amounts as are acceptable to Grantor and as provide substantially equivalent coverage. The following endorsements shall be attached to the liability policy: (i) The policy shall cover personal injury as well as bodily injury. (2) The policy shall cover blanket contractual liability subject to the standard universal exclusions of contractual liability included in the carrier's standard endorsement as to bodily injuries, personal injuries and property damage. (3) Broad form property damage liability shall be afforded. M & M 1999 Page 8 of 28