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20-4523C Sessom City of San Marcos 7. Termination: a. This Agreement may be terminated by Lessor at any time, without notice, if Lessor determines that the structural integrity of the water tower is in question or that the water tower or any appurtenances pose an immediate threat to life and/or property. In this event, no compensation shall be paid to Lessee for termination of this Agreement or for damages to any equipment, the removal of which was necessitated by such condition. b. This Agreement may be terminated by either party after the expiration of the initial term upon 30 days written notice to the other party of its intention to terminate. c. This Agreement may be terminated by either party upon default by the other party of any of the covenants or conditions contained in this Agreement other than a default resulting in the creation of conditions described in Section 7a. In the event of a default by a party, the other party shall give the defaulting party written notice of default, and, upon the defaulting party's failure to cure or remedy the default, within fifteen (15) days following receipt of notice, this Agreement shall terminate immediately without further notice to the defaulting party. d. Upon any termination of this Agreement, Lessee shall remove its property and equipment (other than permanent improvements) from the Leased Premises within seven days after the date of termination. Lessee shall have no further claim, right, title or interest in or to any of the property or equipment remaining on the Leased Premises after that time, and Lessee agrees to pay to Lessor all costs of removing the property and equipment if Lessee fails to do so within the time specified above. 8. Notices: All notices to Lessor shall be in writing and shall be sent by certified mail, return receipt requested, or by confirmed fax, addressed to the City Manager of the City of San Marcos, 630 East Hopkins Street, San Marcos, TX 78666, Fax (512) 396-4656. All notices to Lessee shall be in writing and shall be sent by certified mail, return receipt requested, or by confirmed fax, addressed to the Lessee at 180 Washington Valley Road, Bedminster, NJ, 07921, Fax (908) 306- 6927. Either party may designate a different address/Fax number for notice by notifying the other party in writing. 9. Surrender of Leased Premises: Lessee will quit and surrender the Leased Premises to Lessor at the expiration or any termination of this Agreement peaceably, quietly and in as good order and condition as now exists, reasonable use and wear and authorized improvements excepted. 10. Nondiscrimination: The Lessee shall not discriminate against any employee or applicant for employment because of race, religion, sex, color, national origin, age or physical handicap. The Lessee shall include a 3