Laserfiche WebLink
Lessor: Elk River Municipal Utilities <br /> Attn: General Manager <br /> 13069 Orono Pkwy <br /> P.O. Box 430 <br /> Elk River,MN 55330-0430 <br /> Lessee: Verizon Wireless(VAW)LLC d/b/a <br /> Verizon Wireless <br /> 180 Washington Valley Road <br /> Bedminster,New Jersey 07921 <br /> Attention: Network Real Estate <br /> 15. Destruction of Premises <br /> If the Property or the Water Tower are destroyed or damaged so as to hinder the effective <br /> use of Lessee's Equipment on the Water Tower in Lessee's reasonable judgment, Lessee may <br /> elect to terminate this Lease as of the date of the damage or destruction by so notifying the <br /> Lessor. In such event, all rights and obligations of the parties to each other Lessee to Lessor <br /> shall cease as of the date of the damage or destruction (other than those obligations intended to <br /> survive the termination of the Lease), and Lessee shall be entitled to a pro rata reimbursement of <br /> any rent prepaid by Lessee. In the case of such termination, Lessee shall remove its Equipment <br /> from the Property within sixty(60) days, repairing any damage caused in the process. <br /> 16. Title and Quiet Enjoyment <br /> Lessor warrants that: (i)it has the full right, power and authority to execute this Lease; <br /> and(ii) it has good and marketable title to the Property. <br /> 17. Assignment <br /> Lessee may not assign or sublet its rights under this Lease without the prior written <br /> consent of Lessor, which consent may be conditioned or withheld by Lessor, in Lessor's sole <br /> discretion. Notwithstanding the foregoing, Lessee may, without notice to or consent of Lessor, <br /> assign its rights under this Agreement in whole or in part to any entity controlling, controlled by <br /> or under common control with Lessee, any entity acquiring substantially all of the assets of <br /> Lessee,or any successor entity in a merger or consolidation involving Lessee. <br /> 18. Successors and Assigns <br /> This Lease shall run with the Property described on Exhibit A and shall be binding upon <br /> and inure to the benefit of the parties, their respective heirs, successors, personal representatives <br /> and assigns. <br /> 8 <br /> 133 <br />