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<br /> <br />.>/~,:.. <br /> <br />C!' ., <br /> <br />(1&1' <br />/ <br /> <br />4. Rights and Dutie,s of ~mer. The Owner shall use and shall assure that <br /> <br /> <br />t~e Lessee uses the Property so~ely fcr the purpo~es of the teaching and study <br /> <br /> <br />cf Il:tblogy and the conducting of bicloglcal experiments. The management cf the <br /> <br /> <br />Property shall be the respcnsibility of the Owner pursuant to the policies and <br /> <br /> <br />goaIs desc.ribed in Exhibit C, attached here,to and in corp crated herein by refer~nce. <br /> <br /> <br />In the event the present lease betl..een the Owner aod RMBL is tennirtat-ed, the poli.cies <br /> <br /> <br />and goals described in Exhibit C shall govern the terms of any subsequent leases of <br /> <br /> <br />the Property. The Owner shall furth,EH notify the Department upon termination cf Of" <br /> <br />execution of any lease or any other document granting a property interest in the <br /> <br /> <br />Property. All do~uments affect:lng the Property executed. by the Owner subseq'uent to <br /> <br /> <br />the date of this Agree(ltenc shall be subject to this Agreement,. which s'ha11 be attached <br /> <br /> <br />thereto. and inccrporaeed the~ein by ~~ference. Except as so stated~ the, Owner may <br /> <br /> <br />continue to exercise all of its rights as the Owner of the Property. <br /> <br /> <br />5. Bindin~~. This Agreement shall be binding upon the parties hereto <br /> <br /> <br />and upon any Suc"c:esscrs in interest to the Property. Any sale cr transfer of the <br /> <br /> <br />Property by Owner shall be subject to these ArticleS which ~hall be attached to' <br /> <br /> <br />any document of purchase cr transfer and incorporated therein by reference. !he <br /> <br /> <br />p.u..l:'~ha~e.t' or ~~ansferee shall succeed to the Owner's rights and duties hereunder. <br /> <br /> <br />6. Default. If any party reasonably belie~es that any cther party ~s in <br /> <br /> <br />default in any of its obligations under .this Agreem~nt,. it may,.give q:ny O-ther party <br /> <br /> <br />writt~n notice cf the alleged default. Promptly thereafter. the parties shall <br /> <br /> <br />conlcr nnd make .1 guod faith effort to correct the (Ieiault and to resolve any <br /> <br /> <br />difference of opinion which may exist a~ to the respective ri~~~s and duties under <br /> <br /> <br />this Agreement. No. party shall be liable to any ot~er'party for damages alleged <br /> <br /> <br />to. have been' caused by any default under this, Agrecntent. However, default by the <br /> <br /> <br />Owner may result in the rerncval cf the Prcperty frcID the Colorado Natural Areas <br /> <br />System. <br /> <br />7. Terminacicrr. If any party desires to. terminate this Agreement~ it shall <br /> <br /> <br />'so notify any cther party and give said other pa~ty (ies) an cpportunity to confer <br /> <br /> <br />regarding the reasons for termination. No less than 60 days after said initial <br /> <br /> <br />notice, the notifying party may terminate this Agreement by notice to said other <br /> <br /> <br />party'(ies). At the Owner's request, follOwing termination cf this Agreement, the <br /> <br /> <br />DCp':lT:'tlllllnt shall ~xccutc and dt.:!ltvcr to tho Owner 3 release' of all, its right, ti.tle <br /> <br /> <br />and interest in the prcperty arising cut or this Agreement. <br /> <br />Pa~~ 3 of 4 <br /> <br />