60-13 License Agreement - NJAI (2).pdf

5 and relieved of all covenants and obligations of Township accruing after such sale, Agreement, or taking of possession, and it shall be deemed without further agreement that the purchaser, the lessee, or the mortgagee in possession has assumed and agreed to carry out any and all of Township’s covenants and obligations. 27. Dissolution. In the event of dissolution of Licensee, any and all assets ofLicensee at Premises and any other entity or endowment formed for the purpose of supporting programming at the Oskar Schindler Performing Arts Center, shall be donated to a 501(c)3 organization in West Orange operating for the purpose of the continuation and perpetuation of cultural and arts programs in West Orange, New Jersey. The above terms and conditions of this lease agreement are hereby agreed to by and between the Parties executing below on this ____ day of _________________ 2013. Township of West Orange a New Jersey Municipal Corporation By: Robert D. Parisi, Mayor By: Clerk, Township of West Orange NEW JERSEY ARTS INCUBATOR a New Jersey Not for Profit Corporation, Licensee By: Lisa Scalora, Chairperson By: Christine Wolff Strassman, Secretary 566015_3