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consent of the City Manager of the City of Paris; provided, however, that Lessee may assign <br />its interest to its parent company, any subsidiary or affiliate of it or its parent company or <br />to any successor-in-interest or entity acquiring fifty-one percent (51%) or more of its stock <br />or assets. The Lessee may not sublet to or license others to use the Premises without the <br />prior written consent of the City Manager of the City of Paris. Notwithstanding anything to <br />the contrary contained in this Agreement, Lessee may assign, mortgage, pledge, <br />hypothecate or otherwise transfer without consent its interest in this Agreement to any <br />financing entity, or agent on behalf of any financing entity to whom Lessee (i) has <br />obligations for borrowed money or in respect of guaranties thereof, (ii) has obligations <br />evidenced by bonds, debentures, notes or similar instruments, or (iii) has obligations under <br />or with respect to letters of credit, bankers acceptances and similar facilities or in respect <br />of guaranties thereof. <br />14. Warranty of Title and Quiet Enjovent. Lessor warrants that: (i) Lessor owns <br />the Property in fee simple and has rights of access thereto and the Property is free and <br />clear of all liens, encumbrances and restrictions; (ii) Lessor has full right to make and <br />perform this Agreement; and (iii) Lessor covenants and agrees with Lessee that upon <br />Lessee paying the Rent and observing and performing all the terms, covenants and <br />conditions on Lessee's part to be observed and performed, Lessee may peacefully and <br />quietly enjoy the Premises. <br />15. Repairs. Lessee shall not be required to make any repairs to the Premises or <br />Property unless such repairs shall be necessitated by reason of the default or neglect of <br />Lessee. Except as set forth in Paragraph 6(a) above, upon expiration or termination hereof, <br />Lessee shall restore the Premises to the condition in which it existed upon execution <br />hereof, reasonable wear and tear excepted. <br />16. Hazardous Substances. Lessee agrees that it will not use, generate, store or <br />dispose of any Hazardous Substance on, under, about or within the Land on Premises in <br />violation of any Federal, State or Local law or regulation. Lessor represents, warrants and <br />agrees (1) that neither Lessor nor, to Lessor's knowledge, any third party has used, <br />generated, stored or disposed of, or permitted the use, generation, storage or disposal of, <br />any Hazardous Substance on, under, about or within the Property or the Premises in <br />violation of any law or regulation, and (2) that Lessor will not permit any third party to use, <br />generate, store or dispose of any Hazardous Substance on, under, about or within the <br />Property or the Premises in violation of any law or regulation. Lessor and Lessee each <br />agree to defend, indemnify and hold harmless the other and the other's partners, affiliates, <br />agents and employees against any and all losses, liabilities, claims and/or costs (including <br />reasonable attorneys' fees and costs) arising from any breach of any representation, <br />warranty or agreement contained in this paragraph. As used in this paragraph, "Hazardous <br />Substance" shall mean petroleum or any petroleum product, asbestos, any substance <br />known to cause cancer and/or reproductive toxicity, and/or any substance, chemical or <br />waste that is identified as hazardous, toxic or dangerous in any applicable federal, state or <br />local law or regulation. This paragraph shall survive the termination of this Agreement. <br />17. Liabili and Indemnitv. Lessee shall at all times comply with all laws and <br />ordinances and all rules and regulations of municipal, state and federal government <br />5 <br />- 8 fi <br />