Laserfiche WebLink
Peaceably and quietly enjoy possession of the leased premises and the ability to develop, mine, <br />stockpile, process, remove and sell all products without disturbance by any third party. <br />18. EFFECT OF AGREEMENT <br />18.1 - This Lease shall insure to the benefit of, and shall be binding on, the heirs, legal <br />representatives, successors, and assigns of the parties. Lessor and Lessee shall have the right to <br />assign and/or sublet its interests and obligations under the terms of this Lease to third parties. <br />18.2 - As a condition of the sale or assignment of Lessor or Lessee's interests in this <br />Agreement, the party assigning its interest shall pay to the other party a transfer fee equal to 3% <br />of the amount Lessor or Lessee receives for the sale or assignment of said interest in this <br />Agreement. In the event of a sale or assignment of Lessee's interests in this Agreement, the sale <br />or assignment shall provide that the buyer or assignee shall continue the gravel operation <br />contemplated hereunder and shall guarantee royalty payments to Lessor in the amount of a <br />minimum of 5120,000.00 per year during the remaining period of this Agreement. <br />19. TIME OF THE ESSENCE <br />19.1 - Lessor and Lessee agree that time shall be of the essence in the performance of all <br />covenants and agreements herein contained. <br />20. ENTIRE AGREEMENT <br />20.1 - Lessor and Lessee agree that this Gravel Lease Agreement contains the entire <br />agreement between the parties. <br />21. COLORADO LAWNENUE <br />21.1= This Gravel Lease Agreement and the rights and obligation of the parties hereunder <br />shall be interpreted according to the laws of the State of Colorado. In the event of any dispute <br />concerning this Agreement, venue for any court action shall be the District Court of Rio Blanco <br />County, Colorado. <br />22. NOTICES <br />22.1 All notices provided for in this agreement shall be deemed made when deposited in <br />the united States maii, postage prepaid, addressed as follows: <br />To Lessor: Sam F. Love <br />P.O. Box B <br />Meeker, CO 81641 <br />Page 8 of 10 <br />