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Indian River County Solid Waste Disposal District Solid Waste and Recyclables Franchise Agreement the federal bankruptcy laws or under any other law or statute of the United States, or any state thereof, or consents to the appointment of a receiver, trustee, or liquidator of all or substantially all of its property. 26.3.2. The SWDD reserves the right to terminate this Agreement if by order or decree of a court, the Franchisee shall be adjudged bankrupt, or an order shall be made approving a petition filed by any of its creditors or by any of the Stockholders of the Franchisee seeking its reorganization or the readjustment of its indebtedness under federal bankruptcy laws or under any law or statute of the United States or of any state thereof; provided that, if any such judgment or order is stayed or vacated within sixty (60) days after the entry thereof, any notice of cancellation shall be and will become null, void, and of no effect. 26.3.3. The SWDD reserves the right to terminate this Agreement if by or pursuant to or under authority of any legislative act, resolution, or rule, or any order or decree of any court or governmental board, agency, or officer having jurisdiction, a receiver, trustee, or liquidator shall take possession or control of all or substantially all of the property of the Franchisee, and such possession of control shall continue in effect for a period of sixty (60) days. 26.4. Default SWDD may terminate this Agreement by written notice of default to the Franchisee if Franchisee fails to perform or observe any of the terms and conditions of this Agreement for a period of thirty (30) days after receipt of notice of such default. Should Franchisee make good faith effort to cure any notified failure that exceeds the thirty (30) day period, SWDD shall retain the right to make final determination on the termination for default. Franchisee may terminate this Agreement by written notice of a default to SWDD only upon SWDD's material breach of a non-payment due under this Agreement. A material breach shall not include allowed deduction for Administrative Charges and shall not include any allowable timeframe per the Florida Prompt Payment Act. Should SWDD make a good faith effort to cure any notified breach that exceeds the thirty (30) day period, Franchisee shall retain the right to make final determination on the termination for default. ARTICLE 27. INSURANCE Franchisee shall not commence work until all the insurance required under this section has been obtained, and until such insurance has been approved by the SWDD. Firm's insurance shall be primary. The County shall be named as an additional insured for both General Liability and Automobile Liability. The awarded firm shall maintain the following limits of insurance during the term duration of this agreement. Workers' Compensation as required by the State of Florida • Each accident $100,000 • Each Disease — each employee $100,000 • Each Disease — policy limit $500,000 General Liability • Each Occurrence $1,000,000 • Fire Damage -any one fire $50,000 • Medical Expenses -any one person $5,000 • Personal and Advertising Injury $500,000 • General Aggregate $3,000,000 • Combined Single Limit $3,000,000 Automobile Liability — Combined Single Limit $1,000,000 Professional Liability Insurance • $1,000,000 per occurrence • $2,000,000 aggregate combined single limit • $5,000 maximum deductible per claim 42