O-2020-IDA-150 CRP/TREP New Decade Owner

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City shall be entitled to a tax lien on Company's above describ property, all improvements thereon, and all tangible person property thereon, in the event of default in payment of "in li of taxes" payments hereunder, which shall accrue penalty a interest in like manner as delinquent taxes, and which shall collectible by City in the same manner as provided by law f delinquent taxes. VIII. This Agreement shall inure to the benefit of and be binding upo City and Company, and upon Company's successors and assigns affiliates and subsidiaries, and shall remain in force whethe Company sells, assigns, or in any other manner disposes of, eithe voluntarily or by operation of law, all or any part of th property belonging to it within the territory hereinabov described, and the agreements herein contained shall be held to h covenants running with the land owned by Company situated withi said territory, for so long as this Agreement or any extensic thereof remains in force. Company shall give City written notic within ninety (90) days, with full particulars as to propert 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 wit respect to an industrial district or enters into a renewal of an existing industrial district agreements after the effective dat hereof and while this Agreement is in effect, which contains term and provisions more favorable to the landowner than those in thi Agreement, Company and its assigns shall have the right to amen this Agreement and City agrees to amend same to embrace the mor favorable terms of such agreement or renewal agreement. X. The parties agree that this Agreement complies with existing la pertaining to the subject and that all terms, considerations a conditions set forth herein are lawful, reasonable, appropriat and not unduly restrictive of Company's business activitie Without such agreement neither party hereto would enter into th Agreement. In the event any one or more words, phrases, clause sentences, paragraphs, sections, articles or other parts of th Agreement or the application thereof to any person, fir corporation or circumstances shall be held by any court competent jurisdiction to be invalid or unconstitutional for a reason, then the application, invalidity or unconstitutionality such words, phrase, clause, sentence, paragraph, section, artic or other part of the Agreement shall be deemed to be independe of and separable from the remainder of this Agreement and t validity of the remaining parts of this Agreement shall not affected thereby. XI.