Laserfiche WebLink
15. Restoration of Property. Within one (1) year after the expiration or earlier <br />termination of this Lease, the Company is required to substantially restore the <br />Property to the condition required by law and by the applicable permits and <br />approvals required for the Company to conduct operations hereunder. <br />Thereafter, the Company shall continue to have the right to access and enter <br />the Property and to effect on the Property such final reseeding, restoration, <br />repair, rehabilitation and reclamation as may be required for the Company to <br />obtain release of any security or bond provided by the Company to secure its <br />performance of reclamation require by its governmental permits and <br />authorizations. Following the expiration or termination of this Lease for any <br />reason, Lessor covenants that Lessor will not extract or allow others to extract <br />Materials until Lessor or others effect the transfer of the Colorado Division of <br />Reclamation, Mining and Safety permit in their names for reclamation or <br />rehabilitation of the Property and the release of any security or bond provided <br />by the Company to secure its performance or discharge its responsibilities. <br />16. Assignment. The provisions of this Lease shall extend to and be binding upon <br />the heirs, personal representatives, successors, assigns and sub lessees of <br />Lessor and the Company. The Company shall have the right to assign this <br />lease without the express written consent of the Lessor. <br />17. Notice. Notices of default or of cancellation or termination of this Lease and <br />all other notices required or permitted hereunder shall be given by personal <br />delivery or by registered or certified mail, postage prepaid, addressed to the <br />parties as follows; <br />If to the Company: 839 Mackenzie <br />Canon City, CO 81212 <br />If to Lessor: 1 Kiowa <br />Pueblo, CO 81006 <br />18. Condemnation. If the whole or any part of the Property shall be taken by any <br />public authority under the power of eminent domain at any time during the <br />term of this Lease, Lessor and the Company shall each be entitled to share in <br />the award to the extent of their respective interests in the Property with respect <br />to any taking. In the event only a portion of the Property is taken, and if <br />notwithstanding such taking the Company will be able to continue to conduct <br />its business in the remainder of the Property in substantially the manner it was <br />being conducted immediately prior to such taking. this Lease shall cease only <br />as to the part taken. If, however, by reason of the condemnation there is not <br />sufficient property left in or upon the Property for the Company to conducting <br />its business in substantially the manner in which it was being conducted <br />immediately prior to such taking, then and in such event this Lease shall <br />terminate. All condemnation awards on account of the interest of the Lessor <br />10 <br />Lessor Initials_ • <br />Lessee Initials