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76 <br /> <br />conditions and any other conditions and terms more fully set forth in <br />the Lease. <br /> <br />SUBORDINATION OF THIS AGREEMENT TO TERMS OF LEASE <br /> This Agreement between CSA, the City and County shall at all times be <br /> subordinate and subject to the terms and conditions of the Lease which <br /> CSA and the City acknowledge they have read and have received a copy of. <br /> Any conflicting terms and conditions between this Agreement and the <br /> Lease shall be resolved in favor of the Lease. The parties understand <br /> that the Lease .provides that the State of North Carolina may, at any <br /> time, provide Lessee with 180 days advance notice and resume possession <br /> of the land containing the Complex and CSA and the City may not receive <br /> any renumeration for such retaking. <br /> <br />COMPLEX NAME/FIELD SPONSORS <br /> The name of the Complex and all field sponsorships shall be pre- <br /> approved by the County Board of Commissioners. Any revenue derived <br /> from naming the Complex and field sponsorships shall belong solely to <br /> the County and will be used for design, construction, maintenance and <br /> improvement of the Complex. Field sponsorship for the City's Priority <br /> Fields must be also pre-approved by the Concord City Council. <br /> <br /> The City and CSA shall be allowed to reasonably display their names and <br /> logos on its respective Priority Fields. All signage is subject to <br /> prior written approval of the Committee. The three entities <br /> cooperating in the construction of the Complex will also be displayed <br /> on all Complex signage. <br /> <br />FUI~DRAISING <br /> Based on prior approval of the County Board of Commissioners, the County <br /> agrees to endorse CSA fund raising activities that the County deems are <br /> in good taste and specifically and exclusively pertain to the <br /> construction and development of the Complex. However, the County is not <br /> obligated to participate in such fund raising activities. <br /> <br />Based on the approval from CitY Council, the City agrees to endorse CSA <br />fund raising activities that are in good taste and specifically and <br />exclusively pertain to the construction and development of the Complex. <br />However, the City is not required to participate in such fund raising <br />activities and. prior written approval of the City Council must be <br />obtained before the City's name or logo is used in any material or <br />fundraising activities. <br /> <br />INSURANCE AND INDEMNITY <br /> The parties hereto each agree to obtain liability and property insurance <br /> with regard to all of its respective activities and Equipment at the <br /> Complex in an amount sufficient to cover any liability it or any other <br /> party hereto or the public might incur as a result of the insured's <br /> respective operations, or arising out of or attributable to the <br /> inSured's Equipment at the Complex; but in no event, less than One <br /> Million Dollars and 00/100 ($1,000,000.) per occurrence for liability <br /> coverage and One Million Dollars and 00/100 ($1,000,000.) per occurrence <br /> for property damage. The parties hereto jointly and severally agree to <br /> indemnify and hold harmless each other from and against any and all <br /> damages, claims, costs or expenses of any kind or nature (including <br /> without limitation, claims resulting from death or injury to an <br /> individual and any attorney's fees and court costs) as they are incurred <br /> and finally awarded, arising out of or in any way, directly or <br /> indirectly, attributable, directly or indirectly, to its respective use <br /> of the Complex or the insured's Equipment at the Complex; including <br /> without limitation, those claims arising out of or attributable to <br /> persons or entities claiming through the insured, such as (for purposes <br /> of illustration and not by limitation) agents for, invitees and <br /> 'volunteers working for the insured. <br /> <br />MISCELLANEOUS <br /> Term. The term of the Agreement shall be for twenty-five years, unless <br /> terminated sooner as set forth herein. <br /> Governing Law. This Agreement is governed by the laws of the State of <br /> North Carolina. <br /> Paragraph Headinqs. Paragraph headings are for convenience only and are <br /> not deemed to be a controlling part of this Agreement. <br /> Resolution of Conflicts. Any conflicts between the terms and conditions <br /> of this Agreement and the Lease shall be resolved in favor of the Lease. <br /> Furthermore, the parties hereto agree that they will utilize their best <br /> efforts to resolve any conflicts or disputes with regard to this <br /> Agreement between themselves. However, in the event dispute self- <br /> resolution is not successful, the parties agree to a formal mediation of <br /> their concerns. In the event mediation is not successful, the parties <br /> agree to formal arbitration which shall be binding .upon the parties. <br /> No Partnership. No terms or conditions of this Agreement shall be <br /> deemed to create a legal partnership between the parties hereto. <br /> Neither party has the authority to bind the other partY with regard to <br /> any commitments of any kind or nature, including without limitation, <br /> financial commitments. <br /> <br /> <br />