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AG 2002 10 21 (Regular)
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AG 2002 10 21 (Regular)
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Last modified
3/2/2006 5:01:52 PM
Creation date
11/27/2017 11:44:16 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
10/21/2002
Board
Board of Commissioners
Meeting Type
Regular
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To take possession of and remove any or all items of equipment, without any <br />court order or other process of law, LESSEE hereby waives any and all damages <br />occasioned by such taking of possession. Any said taking of possession shall not <br />constitute a termination of this Lease as to any or all items of equipment unless <br />LESSOR expressly so notifies LESSEE in writing. <br /> <br />D. To terminate this Lease as to any or all items of equipment. <br />E. To pursue any other remedy at law or in eqUity. <br /> <br />Notwithstanding any said repossession, or any other action which LESSOR may take, <br />LESSEE shall be and remain liable for the full performance of all obligations on the part <br />of LESSEE to be performed under this Lease.~ <br /> <br />All such remedies are cumulative, and may be exercised concurrently or separately, and <br />the LESSEE agrees that the acceptance of rent by LESSOR or other forbearance by <br />LESSOR shall not constitute a waiver of any of the terms and conditions of this Lease. <br /> <br />If LESSOR employs any attorney or collection agency, or both, to collect an amount <br />owed by LESSEE under this Lease Agreement or to enforce any other rights or pursue <br />any remedies under this Lease Agreement,, LESSEE shall pay LESSOR the amount of <br />such fees incurred in addition to any other relief to which LESSOR may be entitled. <br /> <br />15. BANKRUPTCY <br />In the event of the bankruptcy of the LESSEE, the LESSEE's interest in this Lease or any <br />part thereof shall not be assignable or transferable by operation of law. If any proceeding <br />under the Bankruptcy Act as amended, is commenced by or against the LESSEE, or if the <br />LESSEE is adjudged insolvent, or if the LESSEE makes any assignment for the benefit <br />of his creditors, or if a writ of attachment or execution is levied on any item or items of <br />the equipment and is not released or satisfied within ten (10) days thereafter, or if a <br />receiver is appointed in any proceeding or action to which the LESSEE is a party with <br />authority to take possession or control of any item or items of the equipment, LESSOR <br />shall have and may exercise any one or more of the remedies set forth in Paragraph i4 <br />hereof; and this Lease shall, at the option of LESSOR, without notice, immediately <br />terminate and shall not be treated as an asset of LESSEE after the exercise of said option. <br /> <br /> 16. ASSIGNMENT <br />Without the prior written consent of LESSOR, LESSEE shall not (a) assign, transfer or <br />'pledge this Lease or the equipment or (b) sublet or lend the equipment. Nothing herein <br />contained shall prevent LESSOR from selling, assigning, transferring or pledging this <br />equipment or this Le~se. Subject to the foregoing, this Lease inures to the benefit of, and <br />is binding upon the heirs, legatees, personal representatives, successors and assigns of the <br />parties hereto. <br /> <br /> <br />
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