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7. Termination. This Agreement shall terminate on June 30, 2016. In the event of a default <br />by the Corrpa ny, or for any other reason at the County's sole discretion, County may <br />terminate this Agreement upon thirty (30) days written notice. in the ei ent termination is <br />due to a default by Company, the County shall provide Company notice of the default and <br />a reasonable opportunity to cure such default, but any default shah be corrected in not <br />more than thirty (30) days. <br />8. Indemnity and Assumption of Risk. Company acknowledges that there is an inherent <br />risk to its employees, agents, representatives and contractors by traveling to the <br />Company's property during the winter months because of the high risk of avalanche <br />danger and other adverse weather related conditions. Company specifically <br />assumes all of such risks and shall save, hold harmless, defend and indemnify the <br />County, its public officials, employees, agents, representatives, and, contractors for <br />losses, damages or judgments and expenses, including reasonable attorney's fees <br />and costs, on account of bodily injury, death or property damage of any nature <br />whatsoever, and by whomsoever made, arising, in whole or in part out of the <br />activities of Company, its employees, subcontractors or agents and Company's <br />guests and invitees, under the terms of this Agreement. Nothing stated herein is <br />intended to nor shah it be interpreted as diminishing or otherwise affecting any <br />statutory or common law protection or immunity that Ouray County may otherwise <br />enjoy, including, but not limited to, the governmental immunities, limitations and <br />protections provided by C.R.S. Section 24-10-101 et seq. <br />9. Insurance. Company shall purchase, at a minimum, the types and amounts of <br />insurance coverage as stated herein and agrees to comply with any revised <br />insurance limits the County may reasonably require during the tern of this <br />Agreement. A company authorized to do business in Colorado shall underwrite <br />any policy of insurance required hereunder. Any such policy shall include Ouray <br />County as an additional insured, and such policy shall contain a provision that <br />coverage shall not be cancelled or altered until at least thirty (30) days prior written <br />notice has been given to County. If the insurance policy lapses of becomes void for <br />any reason whatsoever, Company's rights under this Agreement shall be <br />suspended until a new insurance certificate is provided to County. At the inception <br />of this Agreement, Company shall provide County with a properly authorized and <br />exec tted current certificate of insurance reflecting insurance coverage that <br />complies with the terms of this Agreement, Company shall not operate under the <br />terms of this Agreement until all appropriate insurance is acquired and notice of the <br />same has been supplied to County. <br />a. Company shalt provide comprehensive general liability insurance against claims <br />occasioned by actions or omissions of Company in carrying out the activities and <br />operations authorized hereunder. Such insurance shall not be less than five <br />hundred thousand ($500,000.00) dollars per occurrence and one million <br />($1,000,000.00) in the aggregate covering both bodily injury and property damage. <br />If claims reduce available insurance below the required per occurrence limits, <br />Company shall obtain additional insurance to restore the required limits. An umbrella <br />or excess liability policy, in addition to a comprehensive general liability policy, <br />may be used to achieve the required limits. <br />b . All liability policies shall specify that the insurance company shah have no right of <br />subrogation against the County and the insurance company shall have no recourse <br />against the County for payment of any premium or assessment <br />10. Notification to County. Company shall immediately notify County of all accidents that <br />occur in connection with the activities contemplated under this Agreement, and in no event <br />later than twenty-four (24) hours following any such accident. <br />Page 4 of 6 <br />