2000-09-06 Agenda - Laserfiche WebLink

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MPS : 1 uV r ❑i ' JO' Oil :111 VI VI U I VLVVV Lira WI II vcvwv cw — r - rvv K. Merger and Modification. It is understood and agreed that the entire Agreement between the parties is contained herein and that this Agreement supersedes all oral agreements and negotiations between the parties relating to the subject matter. All items referred to in this Agreement are incorporated or attached and are deemed to be a part of this Agreement. Any material alterations, variations, modifications, or waivers and provisions of this Agreement shall be valid only when they have been reduced to writing as an amendment hereto signed by both parties. L. General Provisions. a. Waiver of Subrogation. Each of the parties hereby waives and relinquishes any and all rights which it may have against the other party on account of any claims or damages resulting from a loss to property owned by it, caused by the alleged negligence of such other party or its employees or persons on the described premises by permission of such other party, whether or not the property of such other party is insured against loss in the amount of its full insurable value. Each of the parties hereto will use good faith efforts to procure from the carrier of insurance on its property an endorsement on all its policies of insurance carried by it, substantially in the following language: It is hereby stipulated that this insurance shall not be invalidated should the insured waive in writing prior to a loss any or aft right of recovery against any party for loss occurring to the property described herein or affected thereby. b. Default. If either party should be in default under any of the provisions, terms, and conditions of this Lease and such default shall continue to exist after receipt by the defaulting party of thirty (30) days' written notice, the other party may terminate its performance under this Lease without prejudice to its right to recover damages against the defaulting party. In the event that the Lessee is in default, in the payment of rent or due to wiltful or malicious injury to the leased premises, the Lessor may, with or without the service of notice, declare the Lease to be void and re -enter the premises to expel the Lessee, using such force as may be necessary, without prejudice to any remedies which the Lessor might have to collect arrearages of rent. c. Bankruptcy. In the event of voluntary or involuntary bankruptcy on the part of the Lessee, or the appointment of a receiver for the Lessee, or a voluntary assignment for creditors by the Lessee, or If this Lease shall by operation of law pass to any person or corporation other than the Lessee, then and in each of those events this Lease shall, at the option of the Lessor, be subject to cancellation forthwith. :.e.w.v..Ma —D107 4