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Res 2006-016
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Res 2006-016
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Last modified
6/18/2008 9:20:45 AM
Creation date
7/25/2006 1:40:02 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2006-16
Date
2/7/2006
Volume Book
165
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EE: Vvl F's <br />fibi72491 ~ OF'F` X994 625 <br />(b) Following completion of all work under subsection (a) above, any <br />proceeds not disbursed pursuant to subsection (a) above shall be applied to or as directed by <br />Lessor in its sole discretion. <br />6.8 Environmental Investigation and Remediation. <br />(a) Lessee represents and warrants that it has undertaken a reasonable <br />investigation of the environmental condition of the Land, and the results of Lessee's <br />environmental investigation did not identify any condition relating to the environment that could <br />reasonably be expected to materially and adversely impact Lessee's ability to conduct its <br />operations at the Leased Premises. Lessor makes no representation or warranty concerning the <br />condition of the Leased Premises. <br />(b) Lessee shall be responsible, at its sole expense, for performing any <br />environmental investigation and remediation work which may be required in connection with the <br />use and occupancy of the Leased Premises and which is caused by the presence of Hazardous <br />Materials on the Leased Premises, except and to the extent the presence thereof results solely <br />from the act of Lessor or its officers, employees, agents or representatives. Such environmental <br />investigation and remediation work shall be conducted in accordance with all applicable laws. <br />Lessee shall notify and advise Lessor of the remediation Lessee will undertake and the <br />procedures to be used. Lessee shall complete the remediation with due diligence and shall <br />comply with, and shall cause its agents and contractors to comply with, all applicable laws <br />regarding the use, removal, storage, transportation, disposal and remediation of Hazardous <br />Materials. Lessee's obligation as provided herein to undertake environmental investigation and <br />remediation of the Leased Premises shall be a continuing obligation of Lessee which shall <br />survive throughout the Term. <br />(c) The term "Hazardous Materials" means any substance, material or waste <br />which is now or hereafter classified or considered to be hzadous, toxic or dangerous under any <br />federal, state or local laws, rules and regulations (collectively, "Laws' affecting the Leased <br />Premises relating to pollution or the protection of human health, natural resources or the <br />environment, but shall exclude any such items that are necessary for the ordinazy performance of <br />Lessee's or any sublessee's business activities, provided that such aze used, stored or disposed of <br />in compliance with all Laws. If Lessee breaches its obligations under this Section 6.8 and such <br />breach is not cured following notice and within the applicable cure period specified in Article 8 <br />below, Lessor may take any and all action reasonably appropriate to remedy such breach and <br />Lessee shall promptly pay all reasonable costs incurred by Lessor in connection therewith. <br />(d) The provisions of this Section 6.8 shall survive the termination of this <br />Lease and aze solely for the benefit of Lessor and Lessee and shall not be deemed for the benefit <br />of any other person or entity. <br />1 <br />C-13 <br />803273.4 <br />
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