1997-329 - Laserfiche WebLink

Home Browse Search

• • • 19. Hazardous Substances: Lessor represents and warrants to Lessee that hazardous substances have not been generated, stored or disposed of on or about the Property, nor have the same been transported to or over the property. "Hazardous substance" shall be interpreted broadly to mean any substance or material defined or designated u hazardous or toxic waste, hazardous or toxic material, hazardous or toxic or radioactive substance or other similar term by any federal, state or local environmental law, regulation or rule presently in effect or promulgated in the future, as such laws, regulations or rules may be amended from time to time; and it shall be interpreted to include but not be limited to any substance which, after release into the environment, will and may reasonably be anticipated to cause sickness, death, or disease, by law 20 Sale or Transfer by Lessor. Should Lessor, at any time during the term of this Lease, sell, beau, transfer or otherwise convoy all or any part of Lessor's Property to any transferee other than Lessee, then such transfer shall be under and subject to this Lease and All of Lessee's rights hereunder. 21. Memorandum of Lease: Concurrently with the execution of this Lease, Lessor shall execute before a notary and deliver to Lessee for recording a "Memorandum of Lease Agreement" in the form of the attached Exhibit "B". Such Memorandum shall not disclose any financial terms, unless required to do so by the laws of such jurisdiction. 22. Right to enter into agreement: Lessor warrants and agrees that Lessor is seized of good and sufficient title to and interest in the Property and has full authority to enter into and execute this Lease and that there are no undisclosed liens, judgments or impediments of title on Lessor's Property that would affect this Lease. 23. Condemnation: In the event the whole of Lessor's Property shall be taken or condemned, either temporarily or permanently, for public purposes, or sold to a condemning authority under threat of condemnation to prevent taking, then this Lease shall forthwith automatically cease and terminate. Lessor shall receive the entire condemnation award for land and other improvements as are paid for by Lessor, and Lessee hereby expressly assigns to Lessor any and all right, title and interest of Lessee now or hereafter arising in and to any such award Lessee shall have the right to recover from such authority but not from Lessor, any compensation as may be awarded to Lessee on account of the leasehold interest, moving and relocation expenses, and depreciation to and removal of the personal property and fixtures of Lessee. 25. This lease constitutes the entire agreement of the parties hereto and shall supersede all prior others, negotiations and agreements, No revision of this lease shall bo valid unless executed in writing by both parties. • 1 • Stkiat 4$10100410p. ' im:eai er�u�rri-. •71; co O ti Cid