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Res 2013-087/Approving the assignment of a lease agreement between ITT Information Systems, Inc. to Exelis, Inc.
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Res 2013-087/Approving the assignment of a lease agreement between ITT Information Systems, Inc. to Exelis, Inc.
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Last modified
5/20/2014 9:58:53 AM
Creation date
6/27/2013 3:31:18 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2013-87
Date
6/18/2013
Volume Book
198
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ASSIGNMENT OF AGREEMENT <br />The "Agreement" as referenced herein is the ADS -B Site lease Agreement, dated April 22, 2011, made <br />by and between The City of San Marcos and ITT Corporation referred to in the Site lease Agreement as <br />ITT Information Systems, a division of ITT Corporation. <br />By signing below, ITT Corporation and Exelis Inc. do hereby attest that on October 31, 2011 a tax -free <br />spin -off was conducted by ITT Corporation, which created three independent publically- traded <br />corporations, and Exelis Inc., being one of the these corporations, retains the government contracting <br />business area related to the Agreement. Therefore, ITT Corporation and Exelis Inc. desire to assign the <br />Agreement from ITT Corporation to Exelis Inc. <br />The parties do hereby agree that the Agreement is assigned as of the date last signed below by ITT <br />Corporation to Exelis Inc., an Indiana corporation, with the consent of the The City of San Marcos and is <br />effective as of October 31, 2011. All obligations, rights and responsibilities as lessee under the <br />Agreement shall be conveyed to and accepted by Exelis Inc. and the term "Lessee" as used in the <br />Agreement shall mean Exelis Inc. upon the date of this assignment. All other terms and conditions of <br />the Agreement shall remain unchanged and are in full force and effect. <br />The Lessee contact persons, addresses, telephone numbers, FAX numbers, and email addresses, as <br />shown in the Agreement, remain unchanged except for the name change from ITT Corporation to Exelis <br />Inc. <br />ITT Corporation does hereby attest to the above and assign the Agreement, including conveyance of all <br />rights and responsibilities thereof. <br />i�r Qc, ri <br />Print Name <br />t <br />Signature <br />Senior Vice President, <br />General Counsel and Secretary <br />Title <br />/0 1 <br />Date <br />Exelis Inc. does hereby attest to the above and accept assignment of the Agreement, including <br />acceptance of all rights and responsibilities thereof. <br />Gregory P. Hughes Sr. Contracts Manager, ATM <br />PH t ame itle <br />Sign re I Dat <br />The City of San Marcos does hereby consent to the assignment of the Agreement, including all rights <br />and responsibilities thereof, from ITT Corporation to Exelis Inc. <br />X02.013 <br />Date <br />SV135 -01 <br />
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