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Agenda Packets - 2026/02/09
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Agenda Packets - 2026/02/09
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Last modified
2/18/2026 12:29:43 PM
Creation date
2/11/2026 7:44:25 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
2/9/2026
Description
Regular Meeting
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12. The validity, construction and enforceability of this Agreement will be governed by the <br /> laws of the State of Minnesota, without giving effect to conflict of laws or principles thereof. Whenever <br /> possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid <br /> under such applicable law, but, if any provision of this Agreement will be held to be prohibited or invalid <br /> under such applicable law, such provision will be ineffective only the extent of such prohibition or <br /> invalidity, without invalidating the remainder of such provision or the remaining provisions of this <br /> Agreement. <br /> 13. Unless prohibited by law,it will be an event of default if(i)Guarantor is declared bankrupt <br /> or insolvent;or(ii)Guarantor petitions,or consents to a petition,that it be declared bankrupt under Chapter <br /> 7 of the Bankruptcy Code or subsequent legislation intended to replace such chapter;or(iii)if without the <br /> assumption, ratification and confirmation of this Lease, and the payment of all rentals and other charges <br /> due hereunder then due,past due or coming due,without regard to initiation of the proceedings or actions, <br /> Guarantor petitions or consents to a petition that there be a reorganization or arrangement of its affairs under <br /> the Bankruptcy Act or any insolvency law,or Guarantor makes an assignment for the benefit of its creditors, <br /> or Guarantor petitions,or consents to a petition,that a receiver,trustee or custodian be appointed for all or <br /> substantially all of its assets;or a petition that Guarantor be declared bankrupt or that a receiver,trustee or <br /> custodian be appointed for all or substantially all of Guarantor's assets is filed without the consent of <br /> Guarantor and is not discharged within thirty(30)days following the filing thereof. <br /> 14. This Agreement may be executed in any number of counterparts, each of which when <br /> executed shall be deemed an original with all such counterparts taken together shall constitute one and the <br /> same instrument. Facsimile or email(PDF format)signatures shall be deemed and treated as originals. <br /> [Signature Page Follows] <br />
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