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<br />XIII. <br /> <br /> <br />A. If Chandelle fails to pay any rental or other ?ayment due <br /> <br /> <br />hereunder or upon its failure to perform any other of the terms of <br /> <br />this lease to be observed or perfor~ed by Chandelle on its part to be <br /> <br /> <br />observed or performed, or if Chandelle shall become a bankrupt, or <br /> <br /> <br />insolvent, or file any debt or proceedings, or take or have taken <br /> <br /> <br />against Chandelle in any court pursuant to any statute either of the <br /> <br /> <br />United States, of the State of Texas a petition in bankruptcy, or <br /> <br /> <br />insolvency or for reorganization or for the appointment of a receiver <br /> <br /> <br />or trustee for all or a portion of Chandellets property, or if <br /> <br /> <br />Chandel1e makes an assignment for the benefit of creditors, or petitions <br /> <br /> <br />for or enters .into an arrangement, or suffers this lease to be taken <br /> <br /> <br />under any writ of execution or attachment, or if this lease shall <br /> <br />pass to or dissolve upon by law or otherwise, one other than Chandelle <br /> <br /> <br />except as herein provided, then, in anyone or more such events, <br /> <br />upon City serving written thirty (30) day notice of cancellation <br /> <br /> <br />upon Chandelle specifying the nature of said default, and if, at the <br /> <br /> <br />expiration of said thirty (30) days, Chande11e shall have failed to <br /> <br /> <br />comply with or remedy such default, then this lease and the term <br /> <br /> <br />thereunder, shall, at the option of City, terminate and come to an <br /> <br />end on the date specified in such notice of cancellation, and Chandelle <br /> <br /> <br />shall quit and surrender the demised premises to City as if the term <br /> <br /> <br />hereunder ended by the expiration of the time fixed herein, and <br /> <br /> <br />Chande1le shall remain liable for any unpaid rent and all other charges <br /> <br /> <br />up to the date of termination. <br /> <br /> <br />B. If the City shall be in default in performing any of the <br /> <br /> <br />terms or provisions of this lease required on its part to be per- <br /> <br />formed, and Chandelle shall give City notice in writing of such default, <br /> <br /> <br />and if\City shall fail to cure such default within thirty (30) days <br /> <br /> <br />after service of such notice, then and in such event, this lease <br /> <br />shall be terminated and cancelled. <br /> <br /> <br />XIV. <br /> <br />A. City reserves the right to operate the airport in accordance <br /> <br /> <br />with the obligation to the federal or state government under any of <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />6 <br />