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MAY-10-20D? THU 11:50 AM FAX NO. P. 08 expert op1n1on, and shall rende~ its written decision as promptly as practicable. That decision shall then be final and binding upon the parties, subject only to judicial review as may be available under the Texas General Arbitration Act (Chapter 111, "General Arbitration", Texas Civil practice and Remedies Code). Costs of the arbitration ahal1 be shared equallY by the Company and the city, provided that each party shall bear its own attorneys fees. VII. city shall he entitled to a tax lien on Company's above described p:t:operty, all improvements thereon, and all tangible personal property thereon, in the event of default in payment of ~in lieu of taxes" payments hereunder, which shall accrue penalty and interest in like manner as delinquent taxes, and Which shall he collectible by City in the same manner as provided by law fo~ delinquent taxes. VIII. This Ag~eement shall inure to the benefit of and be binding upon city and Company, and upon Company' B successors and assigns, affiliate~ and subsidiaries, and sball remain in force whether Company sells, assigns, or in any other manner disposes of, either voluntarily or by operation of law, all or any part of the property belonging to it within the territory hereinabove described, and the agreements herein contained shall be held to be covenants running with the land owned by Company situated within said territory, for so long as this Agreement or a.ny extension thereof remains in force. company shall give City written notice within ninety (90) days, with full particulars as to property assigned and identity of assignee, of any disposition of the Land, and assignment of this Agreement. xx. If city enters into an Agreement with any other landowner with respect to an industrial district or enters into a renewal of any existing industrial district agreements after the effective date hereof and while thia Agreement is in effect, which contains terms and provisions more favorable to the landowner than those in this Agreementl Company and its assigns shall have the right to amend this ~greement and City agrees to amend same to embrace the more favorable terms of such agreement or renewal agreement. x. ~he parties agree that this Agreement complies with e~isting laws pertaining to the BUbject and that all terms, considerations and conditions set forth herein are la~ful, reasonable, appropriate, and not unduly restrictive of company's business activities. Without such agreement neither party hereto would enter into this Agreement. In the event any on~ or more wo~ds, phrases, clauses, sentences, paragraphs, sections I articles or other parts of this Agreement or the application thereof to any person, firm, 7