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<br />200610034 <br /> <br />improvement must be removed or is damaged by the . Licensor, its employees, agents or <br />independent contractors working for the Licensor during the course of their employment or <br />duties with the Licensor, the Licensees agree to assume and pay all costs relating to the <br />replacement or repair of the improvement. <br /> <br />3. RESTORATION OF PROPERTY. If the installation or maintenance of the <br />improvement identified in Paragraph 1 above requires the excavation of earth, removal of hard <br />surfacing, grass, vegetation, landscaping, or any other disruption of the surface of the public <br />rightwof~way or neighboring property, the Licensees shall restore the surface of the area to the <br />same condition as it existed immediately prior to the Licensees' work in the area. <br /> <br />4. EFFECTIVE DATE. This Corrective License Agreement shall take effect on the <br />date it is executed by the Mayor ofthe City of Grand Island as dated below. It shall continue for <br />an indefinite term or until such time asH is terminated as provided hereafter. <br /> <br />5. TERMINATION. This Corrective License Agreement shall tenninate upon one <br />or more of the following occurrences: <br /> <br />(a) The service of sixty (60) days written notice of intention to terminate by any party <br />upon the other party. <br /> <br />(b) The Licensees' application for a pennit to alter said improvement or any part <br />thereof. <br /> <br />(c) The Licensees' construction or installation of any structure or improvement of any <br />nature upon the property owned by the Licensor except that described in Paragraph 1 <br />above. <br /> <br />Upon the termination of this Corrective License Agreement, the Licensees shall be <br />required, andhereby'agree, to remove said improvement from the Licensor's property at its own <br />expense and without cost to the Licensor. Said removal to Dccurno later than sixty (60) days <br />after receipt of the notice of intention to terminate or any of the occurrences set forth in <br />Paragraph 5 above. Should the Licensees fail to do so, the Licensor may remove or cause the <br />removal of said improvement from the Licensor's property and the Licensees agree to reimburse <br />the Licensor for all its costs. <br /> <br />6. SUCCESSORS AND ASSIGNS. This agreement shall be :binding upon the <br />parties hereto, their successors and assigns. <br /> <br />7. ENTIRE AGREEMENT. This Corrective License Agreement constitutes the <br />entire agreement between the parties notwithstanding any other oral or written agreements to the <br />contrary. This Corrective License Agreement shall be amended only in writing executed by all <br />parties hereto. <br /> <br />8. CHOICE .oF LAWS. This Corrective License Agreement shall he construed in <br />accordance with the laws of the State of Nebraska and the City of Grand Island, Nebraska. <br /> <br />" <br /> <br />-2- <br />