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UNION PACIFIC RAILROAD COMPANY - 1999
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UNION PACIFIC RAILROAD COMPANY - 1999
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1/3/2012 1:53:41 PM
Creation date
6/11/2007 2:02:58 PM
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Contracts
Company Name
UNION PACIFIC RAILROAD COMPANY
Contract #
A-1999-177
Agency
Public Works
Notes
Map - See file
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21. SALE OF LESSEE'S IMPROVEMENTS <br />All improvements on the Premises are owned by Lessee. Notwithstanding this, Lessee shall not se II <br />or hypothecate any of its fixed improvements upon the Premises without first obtaining Lessor's <br />written consent therefor, which consent shall not be unreasonably withheld. If there is a sale of <br />improvements with or without obtaining Lessor's consent, the improvements must be immediately <br />removed from the Premises unless Lessor has consented in writing to an assignment or sublease <br />thereof. If the sale of any improvements is in connection with a proposed assignment or sublease <br />thereof, the provisions of Section 29 hereof are applicable. <br />22. BANKRUPTCY <br />Lessor shall also have the right to terminate this Lease by written notice and to take exclusive <br />possession of the Premises in the event of (a) a general assignment by Lessee for the benefit of <br />creditors, (b) the filing of any voluntary petition in bankruptcy by Lessee, or the filing of an involuntary <br />petition by Lessee's creditors, which involuntary petition remains undischarged for a period of thirty <br />(30) days. In the event that under applicable law the trustee in bankruptcy or Lessee has the right <br />to affirm this Lease and continue to perform the obligation of Lessee hereunder, such trustee or <br />Lessee shall, in such time period as may be permitted by the bankruptcy court having jurisdiction, <br />cure all defaults of Lessee hereunder outstanding as of the date of the affirmance of this Lease and <br />provide to Lessor such adequate assurances as may be necessary to insure Lessor of the continued <br />performance of Lessee's obligations under this Lease, (c) the employment of a receiver to take <br />possession of substantially all of Lessee's assets or the Premises, if such attachment or other <br />seizure remains undismissed or undischarged for a period of ten (10) days after the levy thereof, and <br />(d) the attachment, execution or otherjudicial seizure of all or substantially all of Lessee's assets at <br />the Premises, if such attachment or other seizure remains undismissed or undischarged for a period <br />of ten (10) days after the levy thereof. <br />23. DEFENSE <br />Upon written notice from Lessor, Lessee agrees to assume the defense, with counsel acceptable to <br />Lessor, of any lawsuit, administrative action or other proceeding brought against Lessor or its agents <br />by any public body, individual, partnership, corporation, or other legal entity, relating to any matter <br />covered by this Lease for which Lessee has an obligation to assume liability for and/or indemnify, <br />save and hold harmless Lessor or its agents. Lessee shall pay all the costs and expenses incident <br />to such defense, including, but not limited to, attorneys' fees, investigators' fees, litigation expenses, <br />settlement payments, and amounts paid in satisfaction of judgments. Any and all lawsuits or <br />administrative actions brought or threatened on any theory of relief available at law, in equity or under <br />the rules of any administrative agency shall be covered by this provision, including, but not limited <br />to, the theories of intentional misconduct, negligence, breach of statute or ordinance, or upon any <br />theory created by any statute or ordinance, state or federal. <br />24. NOTICES <br />All notices shall be in writing and shall be deemed to have been given when delivered personally or <br />deposited in the United States mail, registered or certified, postage prepaid, or delivered by overnight <br />courier, and addressed to the party to whom the notice is directed at the address set forth in the <br />Basic Lease Terms. Payments to Lessor shall be made at the address for payments set forth in the <br />Basic Lease Terms. Either party may change the address for notices or Lessor may change the <br />address for payments by giving the other party written notice to that effect. All notices to Lessor must <br />Document 0011 <br />Page 13 of 20 <br />
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