« Ifaggregate limits of less than $2,000,000 are imposed on bodily injury and
property damage, Contractor must maintain umbrella liability insurance of at least
$1,000,000. All aggregates must be fully disclosed on the required certificate of
insurance.
« The specified insurance requirements do not relieve Contractor of its
responsibilities or limit the amount of its liability to the City or other persons, and
Contractor is encouraged to purchase such additional insurance, as it deems
necessary.
«The insurance provided herein is primary, and no insurance held or owned by the
City of Nashua shall be called upon to contribute to a loss.
" Contractor is responsible for and required to remedy all damage or loss to any
property, including property of the City, caused in whole or part by Contractor or
anyone employed, directed, or supervised by Contractor.
Regardless of any coverage provided by any insurance, Contractor agrees to indemnify and
shall defend and hold harmless the City, its agents, officials, employees and authorized
representatives and their employees from and against any and all suits, causes of action, legal
or administrative proceedings, arbitrations, claims, demands, damages, liabilities, interest,
attorney’s fees, costs and expenses of any kind or nature in any manner caused, occasioned,
or contributed to in whole or in part by reason of any negligent act, omission, or fault or
willful misconduct, whether active or passive, of Contractor or of anyone acting under its
direction or control or on its behalf in connection with or incidental to the performance of
this contract. Contractor’s indemnity, defense and hold harmless obligations, or portions
thereof, shall not apply to liability caused by the sole negligence or willful misconduct of the
party indemnified or held harmless.
5. PERIOD OF PERFORMANCE. Contractor shall perform and complete all work within the time
periods set forth and may only be altered by the parties by a written agreement to extend the
period of performance or by termination in accordance with the terms of the Agreement.
Agreement or shall begin performance upon receipt of an Executed Agreement from the
City of Nashua.
The term of the base Agreement, for Stellos Stadium Concession Rights, will be for two (2)
years with an option to renew for a second one (1) year term increment. The base
Agreement will commence on April 1, 2021 and terminate on March 30, 2023, unless
extended by amendment. Each year is subject to annual budget appropriations and at the
City of Nashua's sole discretion. A separate/amended purchase order shall be issued for each
year of the Agreement.
6. PAYMENTS. Payments shall be made in accordance with the following schedule:
> 8% __ Percent of total Monthly Gross Sales within 15 days of the month close.
> Payment shall be made by a check, payable to the "City of Nashua” and submitted
to the Parks and Recreation Department, Division of Public Works, Greeley Park,
100 Concord St., Nashua, NH 03064.
CONCESSION RIGHTS — STELLOS STADIUM PAGE 4 of 6