WHICH REQUIRES EXECUTION OF A LEGAL DOCUMENT BY
THE OTHER PARTY.
24.5.
PARTIES BOUND.
EXCEPT AS OTHERWISE EXPRESSLY PROVIDED
FOR IN THIS LEASE, THIS LEASE SHALL BE BINDING UPON, AND INURE TO THE BENEFIT
OF, THE SUCCESSORS AND ASSIGNEES OF THE PARTIES HERETO.
TENANT HEREBY RELEASES
LANDLORD NAMED HEREIN FROM ANY OBLIGATIONS OF LANDLORD FOR ANY PERIOD SUBSEQUENT
TO THE CONVEYANCE AND TRANSFER OF LANDLORD'S OWNERSHIP INTEREST IN THE PROPERTY;
PROVIDED THAT THE TRANSFEREE EXECUTES AN ASSIGNMENT AND ASSUMPTION AGREEMENT,
ASSUMING FULL LIABILITY FOR ALL OF LANDLORD'S OBLIGATIONS UNDER THE LEASE
ARISING ON AND AFTER THE DATE OF THE ASSIGNMENT.
IN THE EVENT OF SUCH
CONVEYANCE AND TRANSFER, LANDLORD'S OBLIGATIONS SHALL THEREAFTER BE BINDING UPON
EACH TRANSFEREE (WHETHER SUCCESSOR LANDLORD OR OTHERWISE).
NO OBLIGATION OF
LANDLORD SHALL ARISE UNDER THIS LEASE UNTIL THE INSTRUMENT IS SIGNED BY, AND
DELIVERED TO, BOTH LANDLORD AND TENANT.
29
24.6.
RECORDATION OF LEASE.
TENANT SHALL NOT RECORD OR FILE
THIS LEASE.
UPON REQUEST OF EITHER PARTY, LANDLORD AND TENANT SHALL EXECUTE A
SHORT FORM MEMORANDUM OF THIS LEASE IN RECORDABLE FORM SETTING FORTH MATERIAL
TERMS AND PROVISIONS OF THIS LEASE OTHER THAN RENT.
24.7.
SURVIVAL OF OBLIGATIONS.
UPON THE EXPIRATION OR OTHER
TERMINATION OF THIS LEASE, NEITHER PARTY SHALL HAVE ANY FURTHER OBLIGATION NOR
LIABILITY TO THE OTHER EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS LEASE AND
EXCEPT FOR SUCH OBLIGATIONS AS, BY THEIR NATURE OR UNDER THE CIRCUMSTANCES, CAN
ONLY BE, OR BY THE PROVISIONS OF THIS LEASE, ARE REQUIRED TO BE PERFORMED AFTER
SUCH EXPIRATION OR OTHER TERMINATION.
24.8.
GOVERNING LAW; CONSTRUCTION.
THIS LEASE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
WISCONSIN.
IF ANY PROVISION OF THIS LEASE SHALL BE INVALID OR UNENFORCEABLE,
THE REMAINDER OF THIS LEASE SHALL NOT BE AFFECTED BUT SHALL BE ENFORCED TO THE
EXTENT PERMITTED BY LAW.
THE CAPTIONS, HEADINGS AND TITLES IN THIS LEASE ARE
SOLELY FOR CONVENIENCE OF REFERENCE AND SHALL NOT AFFECT ITS INTERPRETATION.
THIS LEASE SHALL BE CONSTRUED WITHOUT REGARD TO ANY PRESUMPTION OR OTHER RULE
REQUIRING CONSTRUCTION AGAINST THE PARTY CAUSING THIS LEASE TO BE DRAFTED.
EACH
COVENANT, AGREEMENT, OBLIGATION, OR OTHER PROVISION OF THIS LEASE TO BE
PERFORMED BY TENANT, SHALL BE CONSTRUED AS A SEPARATE AND INDEPENDENT COVENANT
OF TENANT, NOT DEPENDENT ON ANY OTHER PROVISION OF THIS LEASE.
ALL TERMS AND
WORDS USED IN THIS LEASE, REGARDLESS OF THE NUMBER OR GENDER IN WHICH THEY ARE
USED, SHALL BE DEEMED TO INCLUDE ANY OTHER NUMBER AND ANY OTHER GENDER AS THE
CONTEXT MAY REQUIRE.
THIS LEASE MAY BE EXECUTED IN COUNTERPART AND, WHEN ALL
COUNTERPART DOCUMENTS ARE EXECUTED, THE COUNTERPARTS SHALL CONSTITUTE A SINGLE
BINDING INSTRUMENT.
24.9.
TIME.
TIME IS OF THE ESSENCE FOR THIS LEASE.
IF THE
TIME FOR PERFORMANCE HEREUNDER FALLS ON A SATURDAY, SUNDAY OR A DAY THAT IS
RECOGNIZED AS A HOLIDAY IN THE STATE IN WHICH THE PROPERTY IS LOCATED, THEN SUCH
TIME SHALL BE DEEMED EXTENDED TO THE NEXT BUSINESS DAY THAT IS NOT