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.'b\'-30-Z:;05 03: lSp::J F rom-ASK I HS e'SlROflG, PC ZBI ~T: ZO~T ~ T-968 P 009/018 F-Z65 expert opinion, and shall rend~r its written deci~ion as promptly as practicable. 'l'hat: decision shall then be final and binding upon the parties. subj ect only to judicial revielfl as may be available under the Texas GeneTal Arbitration Act (Chapter 171, "General Arbitration", Texa.s Civil Practice and Remedies Code). Costs of the arbitration shall be shared equally by the Company and the city, provided ~hat each party shall bear its own attorneys fee6. VII. City shall be entitled to a tax lien on Company's above described property, all improvements thereon, and all tangj bl e p(~r60nal property thereon, in the event of default in payment oi ain lieu of taxes" payments hereunder, which shall accrue penalty and interest in like manner as delinquent t.axes, and which shall be collectible by city in the same manner a:3 provided by law for deLi.nq1J,ent taxes. VIII. This Agreement shall inure to the benefit of and be binding upon ci ty and Compa,ny, and upon Company's successors and assigns. affiliates: and I:;u.bsidiaries, and shall remain in force '....hether Company st:::J.ls, a::::signs, or in any other manner disposes of, eith.er volunta:r:-ily or by operation of la.'Il, all or any part of the property belo.nging to it within the terri.tory hereinabove described, and the agreements herein contained sh~ll be neld to be covenants running with the land owned by Company sit.uated within said territory, for so long as this Agreement or any ext.ension thereof remains in force. Company shall give City written notice within ninety (90) days, tI,'ith full particulars as to property assigned and identity of assignee. of any disposition of the Land, and assignment of this Agreement. IX. If city enters into an Agreement with any other landowner with :ccspect to an industrial di.strict or enters into a renewal of any existing industrial district agreements after the effective date heTeof and ",hile this Agreement is in effect. which contains terms and provisions more favoTdble to the lando~mer than those in this AgJ.eemenL, Comp~~y and its assigns shall have the right to a~end thj 5 Agreement and City agrees to amend sa.me to embrace the more favorable terms of such agreement or renewal agreement. x. The part:ieL-; ;.lgree that this Agreement complies wit.h exist.ing laws pertainJng Lo the subject and that a,11 terms, considerations and conditions set forth herein arc lawful, reasonable, appropriate, and Dol unduly xestrictive of Company' 6 business activities. Without such agreement neither paTty hereto would enter into thi~ Agreement. In the event anyone or more "lOrds, phrases, clauses, ;;,;e::nc.ences, paragraphs. sections, articles or other parts of this Agreement. or the app,Lication thereof to any pe::son, firm. 7