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R2001-230 AUTHORIZING EXECUTION OF LEASE
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R2001-230 AUTHORIZING EXECUTION OF LEASE
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1/21/2016 10:01:37 AM
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1/21/2016 10:01:36 AM
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Resolution/Ordinance
Res Ord Num
R2001-230
Res Ord Title
AUTHORIZING EXECUTION OF LEASE - ARCHER-DANIELS-MIDLAND COMPANY
Approved Date
12/17/2001
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, � „ <br /> 12. Failure or delay on the part of ADM or the City to exercise any right, power or <br /> privilege under this Lease, or to demand strict performance by the other of any obligation to <br /> be performed, shall not operate as a waiver. <br /> 13. This Lease contains the entire Lease and understanding of the parties hereto and <br /> shall supersede all prior offers, negotiations, understandings and Leases. This Lease may be <br /> amended, supplemented or terminated only by a writing signed by both ADM and an <br /> authorized agent of the City. <br /> 14. If a party to this Lease is in violation of any term, condition, obligation ar <br /> provision herein, the other party shall promptly provide written notice specifically detailing <br /> the alleged violation. The recipient shall have 30 days following actual receipt to remedy the <br /> violation, or to begin substantial affirmative efforts to remedy the violation. Failure to <br /> undertake such efforts within 30 days or to remedy the violation within 120 days, shall be <br /> deemed a material breach of this Lease, and the nonbreaching may then terminate this Lease <br /> upon 30 days written notice. <br /> 15. This Lease is governed by Illinois Law, including but not limited to the Illinois <br /> Forcible Entry and Detainer Act. The Sixth Judicial Circuit Court, Macon County, Illinois, <br /> shall be the sole and exclusive judicial forum to litigate disputes about this Lease. In the <br /> event of any such dispute, the prevailing party shall be entitled to recover their full costs of <br /> suits, including reasonable attorney fees. <br />
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