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of AMC, either part. <br /> rill <br /> gated that AS` w 1 may terminate <br /> rain Ski Area ill appoint a new t7is agreement. It is antic:_ <br /> understand that <br /> urinsucg the ter of area manager for t.".e Aswan toun- <br /> his substantial time andares Fana twi' agr�eaen. and the <br /> tions herein. e_foc�sr will, iF sparopriate, eLsoidevote <br /> paragraph even. this be the performance of ASC's ebliga- <br /> In the <br /> shall be deemed amended to <br /> inc acceptable to A�1:tC, this <br /> acceptable and additional responsible <br /> include much area manager as an <br /> this agreement. sponsible ASC individual for purposes of <br /> 17. <br /> and shall notimund As of Liability. The parties do not <br /> under this agreement, assume any liability or obliga- <br /> tion or any other art <br /> provided herein. p y to any person except as may be specifically <br /> 18. Severabili=v. If any provision of this agreement snail be <br /> invalid, illegal or unenforceable, it shall nor affect or im air the validity, legality or enforceability of this agreement itseif or of <br /> any other provision hereof, and there shall he subscitoted for the <br /> affected provision, a valid and enforceable provision as similar as <br /> possible to the affected provision. <br /> 19. Captions. All headings and captions are solely for iden- <br /> tification purposes and have no effect on the interpretation or <br /> meaning of the provisions contained in each paragraph. <br /> 25'. Analicahle Law. The laws of the State of Colorado shall <br /> govern the validity, performance, construction and enforcement of <br /> this agreement. <br /> 21. Remedies Cumulative and Waiver. A waiver by either party <br /> of any term or condition of this agreement in any instance shall not <br /> be deemed or construed as a waiver of such term or condition for the <br /> future of any subsequent breach thereof, of any other term or <br /> condition of this agreement, or of any other breach hereof. All <br /> remedies, rights, undertakings, obligations, and agreements <br /> contained in this agreement shall be cumulative and none of them <br /> shall be in limitation of any other remedy, right, undertaking, <br /> obligation or agreement of either party. <br /> 22. Notices. Notices and other communications which may be <br /> given or are required to be given hereunder shall be in writing and <br /> shall be deemed given to a party when delivered personally or when <br /> deposited in the United States mail with sufficient postage affixed, <br /> certified and return receipt requested, and addressed to such party <br /> at the respective address shown below: <br /> -7- <br />