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Res 2013-016/Lease with Martin Marietta Materials Southwest, Inc.
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Res 2013-016/Lease with Martin Marietta Materials Southwest, Inc.
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Last modified
4/3/2014 11:18:27 AM
Creation date
1/28/2013 3:18:50 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2013-16
Date
1/15/2013
Volume Book
196
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12. Default: If for any reason either of the parties fails to comply with any of the provisions <br />of this Lease, the non - defaulting party, at its election, may exercise all rights which may <br />be available to it at law or in equity, including termination of this Lease. Termination of <br />this lease will not limit any other remedies available to the non - defaulting party. <br />13. Waiver: The failure on the part of either party to require the performance by the other of <br />any portion of this Lease shall not be deemed a waiver of, or in any way affect that <br />party's rights to enforce such provision. Any waiver by either party of any provision of <br />this Lease shall not be a waiver of any other provision hereof. <br />14. Severability: The invalidity or unenforceability of any provision of this Lease shall not <br />affect the validity or enforceability of any other provision of this Lease. <br />15. Governing Law: The laws of the State of Texas shall govern this Lease and venue shall <br />lie in Bexar County, Texas. <br />16. Binding Effect: The Lease shall be binding upon and inure to the benefit of the parties <br />and their respective successors and assigns. <br />17. Authority: Each of the persons signing on behalf of Lessor and Lessee hereby confirm <br />that they have the authority to execute this Lease on behalf of the party indicated by their <br />signature and have the authority to bind such party thereto. <br />18. Survival: Except as set out herein, all agreements and representations in this Lease shall <br />survive the end of the Term. <br />19. Force Majeure: There shall be no offset of the Lease Payment due or refund of Lease <br />Payments already paid if Lessee is denied the use of all or a portion of the Property due to <br />any limitation or prohibition on the use or withdrawal of any of the Property during any <br />EAA imposed Demand Management/Critical Period Management periods or due to the <br />imposition of use or withdrawal limitations or prioritization rules imposed by the EAA or <br />any other governing body or regulatory authority over the Permit (the "EAA Reduction "). <br />However, if Lessee is denied its use of all or a portion of the Property by reason of any <br />laws, regulations, governmental action, or other acts outside of Lessor's control, other <br />than an EAA Reduction, then Lessee and Lessor shall be excused from their obligations <br />for so long as these circumstances exist. <br />20. Further Assurances: Lessor and Lessee shall take all further actions and shall execute <br />and deliver to the other any other documents or instruments which Lessor or Lessee <br />determines, now or in the future, deemed reasonably necessary or beneficial to carry out <br />the transaction evidenced by this Lease. Lessee shall have the authority to file with the <br />EAA a copy of this Lease, as well as a memorandum of lease in accordance with the <br />EAA Rules, to reflect its interest in the Property as set out under the terms of this Lease. <br />21. Entire Agreement: This Lease contains all agreements between the parties hereto and the <br />parties shall not recognize any agreement not contained herein. The captions used herein <br />are for convenience only and shall not be used to construe this Lease. Words of gender <br />
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