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existing industrial district agreements after the effective date <br /> hereof and while this Agreement is in effect, which contains terms <br /> and provisions more favorable to the landowner than those in this <br /> Agreement, Company and its assigns shall have the right to amend <br /> this Agreement and City agrees to amend same to embrace the more <br /> favorable terms of such agreement or renewal agreement. <br /> X. <br /> The parties agree that this Agreement complies with existing laws <br /> pertaining to the subject and that all terms, considerations and <br /> conditions set forth herein are lawful, reasonable, appropriate, <br /> and not unduly restrictive of Company's business activities. <br /> Without such agreement neither party hereto would enter into this <br /> Agreement. In the event any one or more words, phrases, clauses, <br /> sentences, paragraphs, sections, articles or other parts of this <br /> Agreement or the application thereof to any person, firm, <br /> corporation or circumstances shall be held by any court of <br /> competent jurisdiction to be invalid or unconstitutional for any <br /> reason, then the application, invalidity or unconstitutionality of <br /> such words, phrase, clause, sentence, paragraph, section, article <br /> or other part of the Agreement shall be deemed to be independent <br /> of and separable from the remainder of this Agreement and the <br /> validity of the remaining parts of this Agreement shall not be <br /> affected thereby. <br /> XI. <br /> Upon the commencement of the term of this Agreement, all other <br /> previously existing industrial district agreements with respect to <br /> said Land shall terminate. <br /> XII. <br /> Notices by a party to the other party hereto, shall be mailed or <br /> delivered as follows: <br /> To the City of La Porte: City Manager <br /> City of La Porte <br /> 604 West Fairmont Parkway <br /> La Porte, TX 77571 <br /> To Company: Bayport Associates I, LLC <br /> (COMPANY) <br /> Attention: Department <br /> 2780 Skypark Drive, Suite 410 <br /> Torrance, CA 90505 <br /> Company shall promptly notify City of any change of ownership of <br /> Property, any assignment of this Agreement, and of any change of <br /> billing address. <br /> Company shall notify City annually, on or before June 1, of any <br /> changes to the following information: <br /> 9 <br />