05-F Lease Drug Task Force - Laserfiche WebLink

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shall constitute property of Lessee or of the estate of Lessee within the meaning of the Bankruptcy Code. Any and all monies or other considerations constituting Lessor’s property under the preceding sentence not paid or delivered to Lessor shall be held in trust for the benefit of Lessor and be promptly paid or delivered to Lessor. Any person or entity, to which this Lease is assigned pursuant to the provisions of the Bankruptcy Code, shall be deemed, without further act or deed, to have assumed all of the obligations arising under this Lease on and after the date of such assignment. Any such assignee shall upon demand execute and deliver to Lessor an instrument confirming such assumption. Lessor may assign or transfer any or all of its interests under the terms of this lease; it being understood that Lessor may assign any or all or any part of their fee simple interest in the property to any person at any time, under any terms or conditions. Lessor shall notify Lessee in writing that the Lessor has assigned or transferred any or all of its interests under the terms of this lease or that Lessor has assigned any or all of its fee simple interests under this lease within ten (10) days of Lessor’s assignment or transfer. Provided, however, that such assignment shall not in any way release Lessor from full performance of Lessor’s obligations under this Lease. Upon receipt of such notice, Lessee may terminate this Lease following notice of such termination. 13. All notices required under this lease must be given by certified mail or registered mail, addressed to the proper party, at the following addresses: Lessor:CJ Real Property, Inc. PO Box 278, Muenster, Texas 76252; Lessee: Red River Valley Drug Task Force ________________________________ ___________________________________________________________________________ Either party may change the address to which notices are to be sent it by giving the other party notice of the new address in the manner provided in this section. 14. This agreement shall be binding upon, and inure to the benefit of, the parties to this lease and their respective heirs, executors, administrators, legal representatives, successors, and assigns when permitted by this agreement. This agreement shall be construed under, and in accordance with, the laws of the State of Texas, and all obligations of the parties created by this lease are performable in Delta County, Texas. In case any one or more of the provisions contained in this agreement shall for any reason be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect, then at the option of either party, this contract shall be at an end and the rights, duties, and responsibilities of the parties shall be as otherwise determined by law. This agreement constitutes the sole and only agreement of the parties to the agreement and supersedes any prior understandings or written or oral agreements between the parties respecting the subject matter of this agreement. No amendment, modification, or alteration of the terms of this agreement shall be binding unless it is in writing, dated subsequent to the date of this agreement, and duly executed by the parties to this agreement.