Laserfiche WebLink
11. 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 /> 12. 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 /> 13. 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: 12426 US Hwy 50 <br /> Howard, CO 81233 <br /> 14. 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 /> Lessor Initial <br /> j 7 <br /> Lessee Initials IV <br />