Resolution 6648 - Laserfiche WebLink

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$1,000,000.00. Medtronic and Lessee each indemnify the other against, and hold the other harn7less from, any and all costs (including reasonable attorney's fees and expenses) and claims, actions, damages, obligations, liabilities and liens which arise out of (a) the breach of this Amended and Restated Lease by the indemnifying party; or (b) the use and/or occupancy of the Property or Property by such indemnifying parry. This indemnity shall not apply to any claims, actions, damages, obligations, liabilities and liens arising from any willful or intentional act of the indemnified party and shall survive the termination of this Amended and Restated Lease. 14. Electric Service Fees and Taxes. Lessee agrees that, during the term of this Amended and Restated Lease, in addition to the rent, it will pay promptly alI electric service fees or charges, and any statutorily authorized taxes, assessments and other generally applicable government charges, if any, levied or assessed upon the interest of Lessee in the Billboard or upon its use or operation. 15. Title of Lessee: Return of Billboard. Title to the Billboard will at all times remain in Lessee. Upon expiration, termination or cancellation. of this Amended and Restated Lease as provided in paragraph 24, Lessee at its sole expense must remove the Billboard from the Property. 16. Assi ent. Lessee shall not sell, assign or transfer the rights granted to Lessee under this Amended and Restated Lease or any interest in it or enter into any sublease with respect to the Billboard or use of the Property without Medtronic's prior written approval. 17. Notices. All notices relating to this Amended and Restated Lease shall be mailed to Medtronic or Lessee at their respective address shown below or at any later address last known: As to Lessee: Clear Channel Outdoor, Inc. 3225 Spring Street Northeast Minneapolis, MN 55413 As to Medtronic: Medtronic, Inc. 8290 Coral Sea Street Mounds View, MN 55112 ATTN: 18. Applicable Law. This Amended and Restated Lease shall be governed by and construed under the laws of the State of Minnesota. 19. Entire Lease. It is understood that this Amended and Restated Lease contains all agreements, promises, and understandings between Medtronic and Lessee and that no verbal or oral agreements, promises, or understandings are binding upon either Medtronic or Lessee. Any addition, variation, or modification to this Amended and Restated Lease shall be void and ineffective unless it is in writing and signed by the parties. 20. Enforcement and Attorneys' Fees. In the event that either parry shall institute suit to enforce any rights under this Amended and Restated Lease the prevailing parry shall be entitled to SJR-269112v3 MU205-30 A-4