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Page 7 of 23 <br /> during the term of this Agreement beginning in 1989 by using the <br /> above formula based on the autopsy and death figures from the <br /> year preceding the year the expenses are recalculated. The <br /> recalculation shall be effective on the following October 1. <br /> SECTION 5. PAYMENT OF RENTAL AND OPERATING EXPENSES <br /> (a) During the term of this Agreement, Indian River, Martin <br /> Okeechobee and St. Lucie Counties shall pay to IRCC its <br /> estimated, respective share of the rental of the Morgue in <br /> advance annually on the 1st day of October of each year <br /> effective beginning in 1988. During the term of this Agreement, <br /> the Counties shall pay to the Examiner its estimated, respective <br /> share of the Examiner's monthly operating expenses based on the <br /> budget approved by the Counties and on the formula set out in <br /> Section 3. The operating expenses shall be paid in advance <br /> monthly beginning on the 1st day of October, 1988. <br /> (b) If during any period of this Agreement, the rental and <br /> operating expenses of the Morgue are less than the amounts <br /> received from the Counties, the excess funds shall be carried <br /> forward to the next year and shall be applied to that county's <br /> share of the operating expenses for the next succeeding year. <br /> (c) No county shall be deemed to assume any additional <br /> share of the total operating expenses of the Morgue by reason of <br /> the default of one or more of the other Counties. <br /> SECTION 6. INSURANCE AND INDEMNIFICATION. <br /> During the initial fifteen (15) year term of this Agreement, <br /> IRCC shall provide fire and extended casualty insurance coverage <br /> for the real property owned by the Board, ' in full insurable <br /> value. Examiner shall provide fire and extended casualty <br /> insurance coverage for equipment owned by Examiner in full <br /> insurable value. <br /> During the term of this Agreement, the Examiner shall obtain <br /> and carry professional liability insurance as required by Chapter <br /> 406 of the Florida Statutes in an amount not less than <br /> 81,000,000.00. Each party to this Agreement agrees to indemnify <br /> and hold the other parties harmless from damages resulting from <br /> the negligence of each party, its agents and employees. <br /> -7- <br /> O.R. 809 PG 2449 <br /> http://ori.indian-river.org///Document/GetDocumentForPrintPNG/?request=AQAAANCMn... 9/7/2018 <br />