2.5 ERMUSR 11-13-2018 - Laserfiche WebLink

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b. Maintenance. Licensee acknowledges that the License Area is in good order, condition and repair, and agrees that its use of the License Area will comply with all applicable laws, rules and regulations and that Licensee shall maintain the License Area in a similar condition that the License Area is in on the date hereof, and not commit any nuisance or waste on the License Area. Licensor shall plow and maintain the surface of the License area in a similar fashion as the Licensor's surrounding parking area. C. Utility Cost. Licensee is responsible for all utility costs associated with the use and operation of the Equipment. 5. Compliance with Laws. The Parties shall not commit or permit any act to be performed on the License Area or omission to occur which will be in violation of any statute, regulation or ordinance of any governmental body or which will be in violation of any insurance policy carried on the License Area by Licensor. 6. Assiffiability and Transfer. a. By Licensor. This Agreement shall run with the title to the Licensed Area and shall automatically be transferred to the new owner if ownership of the Licensed Area changes. b. By Licensee. Before assigning or transferring its rights under this Agreement to a third party, Licensee shall offer to Licensor the right to acquire the Equipment at the same price Licensee would receive from the third party. Licensee shall give Licensor written notice of its intent to assign or transfer this Agreement to a third party and the price to be paid for the Equipment by the third party. Licensor shall have thirty (30) days from the date of the notice to exercise its right to acquire the Equipment. If Licensor has not agreed, in writing and within thirty (30) days of Licensee's written notice, to acquire the Equipment at the price stated in the written notice, then Licensee may proceed to assign or transfer this Agreement to the third party without approval from Licensor. Upon such an assignment or transfer, this Agreement shall remain in effect and shall become enforceable against the assignee or transferee, and Licensee shall have no further liability to Licensor. 7. Term and Termination. This License shall be for an initial term of ten (10) years, beginning on the date first written above and may only be terminated during the initial term by Licensee or by written agreement of the Licensor and Licensee. Following the initial term, this License shall remain in effect until terminated by either party. Licensor may terminate this agreement after the initial term upon ninety (90) days written notice to Licensee. Licensee may terminate this Agreement at any time, upon written notice to Licensor. Licensee shall remove all of Licensee's property from the License Area and return the License Area to its existing condition by the effective date of a termination. 8. Miscellaneous Provisions. a. Notice Addresses. All notices shall be sent by registered or certified mail addressed as follows: