Laserfiche WebLink
have not been removed, upon a showing satisfactory to Landlord that full provision <br />has been made for conservation and protection of the Leased Premises and the <br />proper abandonment of all wells drilled on the portion of this Lease surrendered, <br />this Lease will continue in full force and effect as to the Leased Premises not <br />surrendered. <br />12. BANKRUPTCY, DISSOLUTION OR RECEIVERSHIP. <br />If proceedings in bankruptcy or for reorganization of Lessee or for the <br />readjustment of Lessee's debts, under the federal Bankruptcy Code,:as amended, or <br />any part thereof, or under any other laws, whether state or federal, for the relief of <br />debtors, now or hereafter existing, are commenced against Lessee and not <br />discharged within thirty (30) days of commencement, or a receiver or trustee shall <br />be appointed for Lessee or for any substantial part of Lessee's assets, or any <br />proceedings shall be instituted for the dissolution or the full or partial liquidation <br />of the business of Lessee and such receiver or trustee is not discharged within <br />thirty (30) days of its appointment, or such proceedings are not discharged within <br />thirty (30) days of their commencement may constitute a breach of this Lease at <br />the election of Landlord should they deem themselves insecure or dbem their rights <br />impaired or infringed. Furthermore, Landlord is hereby declared to be, first <br />preferred creditor and also landlord remains the custodian of the gravel permit, <br />13. EXPENSES OF DISPUTE RESOLUTION. <br />The reasonable expenses of dispute resolution regarding this Lease, whether by <br />arbitration or judicial enforcement, including but not limited to attorney fees and <br />expenses, shall be paid by the losing Party, or, in the event each Party is partially <br />successful, shall be apportioned between the Parties in the reasonable discretion of <br />the arbitrators or judge, whichever is applicable. if any such dispute is resolved by <br />settlement between the Parties, each Party shall bear its own expenses. <br />This Agreement shall be binding upon the parties hereto, their heirs, devisees successors and <br />assigns. <br />r � <br />/ <br />9 <br />