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Res 1986-069
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Res 1986-069
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8/27/2007 1:48:14 PM
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8/27/2007 1:48:14 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1986-69
Date
6/23/1986
Volume Book
80
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<br /> -8- <br /> 12.4 Whenever a period of time is presribed for action to be taken <br /> by either party, the party shall not be liable or responsible for, and <br /> there shall oe excluded from the computation of any such period of <br /> time, any delays due to strikes, riots, acts of God, shortages of labor <br /> or materials, war, governmental laws, regulations, or restrictions or <br /> any other causes of any kind. which are beyond the reasonable control of <br /> that party. <br /> 12.5 The City covenants and agrees that, upon payment by C.A.D. of <br /> the rent and all other sums and upon the Observance and performance of <br /> all of the covenants and agreements on the C.A.D.'s part to be observed <br /> and. performed, C.A.D. shall, sub] ect -to the terms and provisions of <br /> this Lease, at all times during the continuance of this Lease have the <br /> peaceable and quiet enjoyment and possession of the premises. <br /> 12.6 Nothing in this Lease shall be deemed or construed. by the <br /> parties, nor by any third party, as creating the relationship of <br /> principal and agent or of partnership or of joint venture between the <br /> parties, it being understood and agreed. that neither the method of <br /> computation of rent, nor any other provision in the Lease, nor any acts <br /> of the parties, shall be deemed to create any relationship between the <br /> parties other than the relationship of the City and C.A.D. <br /> 12.7 C.A.D. warrants that it has had. no dealings with any broker <br /> or agent in connection with the negotiation or execution of this Lease <br /> and C.A.D. agrees to inaemnify and. hold the City harmless from ana <br /> against any ana all costs, expense or liability for commissions or <br /> other compensations and charges claimed. by any broker or agent with <br /> respect to this Lease. <br /> 12.8 Should C.A.D. fail to pay when aue any installment of rent, <br /> or any other sum payable to the City under the terms of this Lease, <br /> then interest at the maximum post-Judgment legal rate then payaole oy <br /> C.A.D. in the State of Texas shall accrue from ana after the date on <br /> which it shall be due and payable, and the interest shall be paid. by <br /> C.A.D. to the City at the time of payment of the sum upon which the <br /> interest shall have accrued. <br /> 12.9 The term "lease year," shall, in the case of the first lease <br /> year, mean the period which commences with the commencement date of the <br /> lease term as defined in Section 1.1 and terminates on the last day of <br />
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