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2005-086 Council Resolution
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2005-086 Council Resolution
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Last modified
9/11/2014 1:05:04 PM
Creation date
9/11/2014 12:10:17 PM
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City Council
Council Document Type
Master List Resolution
Meeting Date
06/27/2005
Council Meeting Type
Regular
Resolution #
05-86
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(c) Bind and Benefit. The terms and conditions contained in this Agreement will run with the <br />Property and bind and inure to the benefit of the parties, their respective heirs, executors, administrators, <br />successors and assigns. <br />(d) Entire Agreement. This Agreement and the exhibits attached hereto, all being a part hereof, <br />constitute the entire agreement of the parties hereto and will supersede all prior offers, negotiations and <br />agreements with respect to the subject matter of this Agreement. <br />(e) Governing Law. This Agreement will be governed by the laws of the state in which the <br />Premises are located, without regard to conflicts of law. <br />(f) Interpretation. Unless otherwise specified, the following rules of construction and <br />interpretation apply: (i) captions are for convenience and reference only and in no way define or limit the <br />construction of the terms and conditions hereof; (ii) use of the term "including" will be interpreted to mean <br />"including but not limited to "; (iii) whenever a party's consent is required under this Agreement, except as <br />otherwise stated in the Agreement or as same may be duplicative, such consent will not be unreasonably <br />withheld, conditioned or delayed; (iv) exhibits are an integral part of the Agreement and are incorporated by <br />reference into this Agreement; (v) use of the terms "termination" or " expiration" are interchangeable; and (vi) <br />reference to a default will take into consideration any applicable notice, grace and cure periods. <br />(g) Estoppel. Either party will, at any time upon twenty (20) business days prior written notice from <br />the other, execute, acknowledge and deliver to the other a statement in writing (i) certifying that this Agreement <br />is unmodified and in full force and effect (or, if modified, stating the nature of such modification and certifying <br />this Agreement, as so modified, is in full force and effect) and the date to which the Rent and other charges are <br />paid in advance, if any, and (ii) acknowledging that there are not, to such party's knowledge, any uncured <br />defaults on the part of the other party hereunder, or specifying such defaults if any are claimed. Any such <br />statement may be conclusively relied upon by any prospective purchaser or encumbrancer of the Premises. The <br />•requested party's failure to deliver such a statement within such time will be conclusively relied upon by the <br />requesting party that (i) this Agreement is in full force and effect, without modification except as may be <br />properly represented by the requesting party, (ii) there are no uncured defaults in either party's performance, and <br />(iii) no more than one month' s Rent has been paid in advance. <br />(h) W -9. Landlord agrees to provide Tenant with a completed IRS Form W -9, or its equivalent, <br />upon execution of this Agreement and at such other times as may be reasonably requested by Tenant. <br />(i) No Electronic Signature/No Option. The submission of this Agreement to any party for <br />examination or consideration does not constitute an offer, reservation of or option for the Premises based on the <br />terms set forth herein. This Agreement will become effective as an Agreement only upon the handwritten legal <br />execution, acknowledgment and delivery hereof by Landlord and Tenant. <br />(i) <br />[SIGNATURES APPEAR ON 1HE NEXT PAGE] <br />Minnesota Option Structure Lease <br />2005 1 O Final Date: 050617 <br />-40- <br />
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