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Res 2000-073
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Res 2000-073
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Last modified
7/20/2006 11:14:44 AM
Creation date
7/20/2006 11:13:53 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Purchase
Number
2000-73
Date
3/27/2000
Volume Book
140
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<br />Lessor's remedies hereinabove specified are cumulative, and may be exercised by Lessor in any order or manner, as to all <br />or any part of the provisions of this Lease and/or the Equipment, all as Lessor shall determine in its sole discretion. No exercise <br />of any remedy available to Lessor shall constitute any election foreclosing Lessor from the subsequent exercise of any other <br />remedy. In furtherance of its remedies, Lessor may and is hereby irrevocably authorized by Lessee (and Lessee, at its sole cost <br />and expense, shall cause Lessor to be duly authorized by all necessary parties) to enter without trespass or liability upon any <br />premises on which the Equipment or any portion thereof may be located. In the event that Lessor, at its option, shall give Lessee <br />notice of any proposed sale or other disposition of the Equipment or any part thereof, Lessee hereby agrees that written notice <br />given to Lessee in accordance with the terms of this Lease at least ten (10) days prior to any such sale or other disposition shall <br />be and be deemed to be commercially reasonable notice. <br /> <br />24. OFFSET. Lessee hereby waives all existing and future claims and offsets against any rental or other payment that <br />. b~comes due and payable hereunder, and agrees that its obligations and liabilities for the payment of all rental and other <br />yments that become due and payable hereunder shall be, except as expressly provided otherwise herein, absolute and <br />lconditional. <br /> <br />25. NO THIRD PARTY BENEFICIARIES. This Lease and all other documents executed in connection herewith are <br />for the sole and exclusive protection and benefit of the Lessor, any Assignees of Lessor, and Lessee, and no other person or <br />entity shall have any right of action hereon. <br /> <br />26. APPLICABLE LAW. This Lease shall be governed by and construed in accordance with the laws of the State <br />applicable to contracts made and to be performed entirely within the State. <br /> <br />27. NOTICES. All notices required or permitted to be given hereunder shall be in writing and may be given in person <br />(including express or courier service) or by United States mail, delivery service, or electronic transmission to the telecopier <br />number set forth above. Any notice directed to a party hereunder shall become effective upon the earliest of the following: <br />( a) actual receipt by that party; (b) delivery to the address of that party first set forth above (or to such other address as such <br />party may from time to time designate in writing); (c) if given by United States mail, forty-eight (48) hours after deposit with <br />the United States Postal Service, postage prepaid, addressed to the address of that party first set forth above (or to such other <br />address as such party may from time to time designate in writing); or (d) if sent by telecopier, immediately upon transmission. <br /> <br />28. HEADINGS. The headings or captions of sections in this Lease are for convenience of reference only, and in no <br />way define, limit or describe the scope or intent of this Lease or the provisions of such sections. <br /> <br />29. NO ORAL AGREEMENTS AND MODIFICATION. THIS WRITTEN AGREEMENT, THE EQUIPMENT <br />;HEDULE AND THE INSTRUMENTS AND DOCUMENTS EXECUTED IN CONNECTION HEREWITH REPRESENT <br />IE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF <br />PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO <br />UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. All modifications, consents, amendments or waivers of <br />any provisions of this Lease, or consent to any departure by Lessee therefrom, shall be effective only if the same shall be in <br />writing and signed by Lessor. <br /> <br />30. WAIVER. No failure to exercise, and no delay in exercising, on the part of Lessor, any right hereunder shall <br />operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other further exercise thereof or the <br />exercise of any other right. The rights of Lessor hereunder shall be in addition to all other rights provided at law or equity. No <br />notice or demand given in any case shall constitute a waiver of the right to take other action in the same, similar or other <br />instances without such notice or demand. <br /> <br />31. ATTORNEY FEES. In the event of any arbitration proceeding, bankruptcy proceeding, action at law or suit in <br />equity in relation to this Lease, the prevailing party will be entitled to a reasonable sum for its attorneys' fees. <br /> <br />32. CHOICE OF FORUM; CONSENT TO PROCESS AND JURISDICTION. Any suit, action or proceeding against <br />Lessee with respect to this Lease and/or the Equipment (or any portion thereof) or any judgment entered by any court in respect <br /> <br />10 <br />
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