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belonging to it within the territory hereinabove described, and the <br />agreements herein contained shall be held to be covenants running <br />with the land owned by Company situated within said territory, for <br />so long as this Agreement or any extension thereof remains in force. <br />Company shall give City written notice within ninety (90) days, with <br />full particulars as to property assigned and identity of assignee, <br />of any disposition of the Land, and assignment of this Agreement. <br />IX. <br />If City enters into an Agreement with any other landowner with <br />respect to an industrial district or enters into a renewal of any <br />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 />KM <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 competent <br />jurisdiction to be invalid or unconstitutional for any reason, then <br />the application, invalidity or unconstitutionality of such words, <br />phrase, clause, sentence, paragraph, section, article or other part <br />of the Agreement shall be deemed to be independent of and separable <br />from the remainder of this Agreement and the validity of the <br />remaining parts of this Agreement shall not be 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 />