RES 94045A - Laserfiche WebLink

The Trustee, the Authority and the City, by notice given hereunder, may designate different addresses to which subsequent notices, certificates or other communications will be sent. Section 1002. Binding Effect. The Lease Agreement shall inure to [he benefit of and shall be binding upon the Authority and the City and their respective successors and assigns. Section 1003. Severability. In the event any provision of the Lease Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision thereof. Section 1004. Amendments, Changes and Modifications. The Lease Agreement may be amended or any of its terms modified as provided in the Trust Agreement and with the written consent of the City and the Authority; provided, that no such amendment shall become effective unless approved by the Trustee. Section 1005. Net-Net-Net Lease. The Lease Agreement shall be deemed and constmed to be a "net-net-net lease" and the City hereby agrees that the Lease Payments shall be an absolute net return to the Authority, free and clear of any expenses, charges or set-offs whatsoever. Section 1006. Further Assurances and Corrective Instruments. The Authority and the City agree that they will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for correcting any inadequate or incorcect description of the Project hereby leased or intended so to be or for carrying out the expressed intention of the Lease Agreement. Section 1007. Execution in Counterparts. The Lease Agreement may be executed in several counterparts, each of which shall be an original and all of which shallconstitute but one and the same instrument. Section 1008. Applicable Law. The Lease Agreement shall be governed by and construed in accordance with the laws of the State of California. 90a73a1t1.1A1 21