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CC RES 92-043 RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE THE LEASE TERMINATION AND MUTUAL RELEASE AGREEMENT AND AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE THE LEASE AGREEMENT WITH REGARD TO CITY PROPERTY LOCATED AT 2700 HIGHWAY 88 IN THE CITY OF S
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CC RES 92-043 RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE THE LEASE TERMINATION AND MUTUAL RELEASE AGREEMENT AND AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE THE LEASE AGREEMENT WITH REGARD TO CITY PROPERTY LOCATED AT 2700 HIGHWAY 88 IN THE CITY OF S
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26
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RES 1992
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CC RES 92-043 RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE THE LEASE TERMINATION AND MUTUAL RELEASE AGREEMENT AND AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE THE LEASE AGREEMENT WITH REGARD TO CITY PROPERTY LOCATED AT 2700 HIGHWAY 88 IN THE CITY OF S
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guaranty and agreements herein made shall continue to apply to the Guarantied <br /> Obligations after giving effect to any such alteration, change, modification, <br /> extension, release, renewal, cancellation, supplement or amendment. <br /> 6. No invalidity, irregularity or unenforceability of all or any part of <br /> the Guarantied Obligations or of any security therefor or other recourse with respect <br /> thereto shall affect, impair or be a defense to this Guaranty and this Guaranty is a <br /> primary obligation of the Guarantor. <br /> 7. Guarantor agrees to pay to the City its reasonable attorneys' fees and <br /> all other costs incurred by the City in enforcing or protecting any of the City's rights, <br /> remedies or recourses hereunder or under the Lease, whether suit be brought or not. <br /> 8. This Guaranty shall be governed by the laws of the State of <br /> Minnesota and shall be binding upon the undersigned Guarantor. This Guaranty is <br /> an absolute and completed one and the undersigned Guarantor waives notice of <br /> acceptance of this Guaranty, said acceptance being conclusively presumed. <br /> 9. Until the terms, covenants and conditions of the Lease and this <br /> Guaranty are fully performed, Guarantor shall not be released by any act or thing <br /> which might, but for this provision of this Guaranty, be deemed a legal or equitable <br /> discharge of a surety. <br /> • IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be <br /> duly executed as of this 31. day of R,4 1992. <br /> ri <br /> • <br /> -2- <br />
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