Agenda - Council - 06/26/2012 - Laserfiche WebLink

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7. Interstitial Space. Lessee will monitor the interstitial space reading; keep proper documentation in accordance with the Minnesota Statutes and the Minnesota Pollution Control Agency. A copy of such readings must be faxed or mailed to ESOC on a monthly basis. 8. Inspection. Lessee shall permit ESOC's agents to enter upon Lessee's premises to inspect the equipment at all reasonable times. 9. Term and Termination. The term of the lease shall commence immediately and shall continue on effect until either party gives 30 days notice of termination to the other party, unless terminated pursuant to sub -paragraph (b) of the paragraph 9. ESOC at its sole option, terminate this lease agreement, effective immediately upon the occurrence of one or more of the following events: Insolvency or bankruptcy of the Lessee; The making by Lessee of any assignment for the benefit of creditors; Appointment of a trustee or receiver for Lessee or for a substantial part of its property, with or without its consent; or Institution by or against Lessee of bankruptcy, reorganization, arrangement or insolvency proceeding of which Lessee is the subject. Upon the termination of this lease agreement, Lessee shall immediately allow pick up of the equipment with all parts and attachments thereto ESOC. If Lessee should fail to allow pick up of the equipment upon termination of this lease, ESOC shall have the right to enter upon the property of Lessee at any time and remove the equipment therefrom and without liability for trespass or damage in connection thereof. 10. Entire Agreement. This lease agreement constitutes the entire agreement of the parties. Lessee acknowledges that no representation or warranties have been made by ESOC except as set forth herein. No modifications of this agreement shall be binding upon the parties unless in writing and signed by the parties to be charged. 11. Construction. This lease agreement shall be construed in accordance with the laws of the State of Minnesota. Lessor: East Side Oil Company By: Date: Lessee: (Signature) Date: