7.2. EDSR 12-16-2019 - Laserfiche WebLink

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3. The initial term of this Agreement shall be for the period of six months commencing on the first day of the month following the full execution of this Agreement (the “Commencement Date”). This Agreement shall automatically renew for up to 3 additional 6- month terms unless either party provides written notice of non-renewal to the other at least 60 days prior to expiration of the then-current term. In addition to the foregoing, after the initial term, either party may terminate this Agreement on sixty (60) days written notice to the other party. Upon termination or non-renewal of this Agreement, Lessor shall retain all amounts paid, and Lessee shall promptly remove its Facility and all other equipment and improvements and fully restore the Property to its original condition. 4. The Lessee shall pay to the Lessor, in advance, monthly rent in the amount of $700.00. The initial monthly payments shall be paid within ninety (90) days of full execution of this Agreement. 5. Lessor and Lessee shall indemnify and hold the other harmless against any claim of liability or loss from personal injury or property damage resulting from or arising out of the negligence or willful misconduct of the indemnifying party, its employees, contractors or agents, except to the extent such claims or damages may be due to or caused by the negligence or willful misconduct of the other party, or its employees, contractors or agents. Lessee shall maintain at its own expense during the term of this Agreement, commercial general liability insurance with a combined single limit of $1,500,000.00 for bodily injury and property damage. The Lessee shall provide a certificate of insurance to the Lessor as proof of said coverage. Except with respect to the indemnification set forth in this paragraph, neither party shall be liable to the other, or any of their respective agents, representatives, employees for any lost revenue, lost profits, loss of technology, rights or services, incidental, punitive, indirect, special or consequential damages, loss of data, or interruption or loss of use of service, even if advised of the possibility of such damages, whether under theory of contract, tort (including negligence), strict liability or otherwise. 6. Lessor covenants that Lessee, upon paying the amount set forth herein and performing the covenants set forth herein, shall peacefully and quietly have, hold and enjoy the Property. Further, Lessor covenants that Lessor is seized of good and sufficient title and interest to the Property and has full authority to enter into this Agreement. 7. This Agreement may be sold, assigned or transferred by Lessee to Lessee’s principal, affiliates, subsidiaries of its principal or to any entity which acquires all or substantially all of Lessee’s assets the market defined by the Federal Communications Commission in which the Property is located by reason of a merger, acquisition or other business reorganization, without the consent of the Lessor. As to any other parties, any sale, assignment or transfer must be with the written consent of the Lessor, which consent will not be unreasonably STC Elk River Temp COW Agreement 5879532v15879532v1 2 Formatted: DocID