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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 />X1. <br />Upon the commencement of the term of this Agreement, all other <br />previously existing industrial distract 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 1, LLC <br />(COMPANY) <br />Attention: Department <br />2790 S Drive, Suite 410 <br />Thrrance, 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 />D <br />