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Res 1984-034
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Res 1984-034
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8/31/2007 8:37:22 AM
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8/31/2007 8:37:22 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1984-34
Date
5/7/1984
Volume Book
65
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<br /> covenants, or conditions of this Agreement, and the failure of Lessor <br /> to remedy, or undertake to remedy to Lessee's satisfaction, such <br /> default for a period of thirty (30) days after receipt of notice from <br /> Lessee to remedy the same. <br /> 3. Damage to or destruction of all or a material part of the <br /> Premises or Airport facilities necessary to the operation of Lessee's <br /> business, provided that Lessor is unable or unwilling to repair the <br /> damaged facilities within a reasonable time after its receipt of <br /> written notification of the damage. <br /> 4. The lawful assumption by the United States, or any authorized <br /> agency thereof, the operation, control or use of the Airport, or any <br /> substantial part or parts thereof, in such a manner as to restrict <br /> substantially Lessee from conducting business operations for a period <br /> in excess of ninety (90) days. <br /> B. TERt-'IINl~T ION BY LESSOR. This Agreement shall be subject to <br /> termination by Lessor in the event of anyone or more of the following <br /> events: <br /> 1. The default by Lessee in the performance of any of the terms, <br /> covenants or conditions of this Agreement, and the failure of Lessee to <br /> remedy, or undertake to remedy, to Lessor's satisfaction, such default <br /> for a period of thirty (30) days after receipt of notice from Lessor to <br /> remedy the same. <br /> 2. Lessee files a voluntary petition in bankruptcy, including a <br /> reorganization plan, makes a general or other assignment for the <br /> benefit of creditors, is adjudicated as bankrupt or if a receiver lS <br /> appointed for the property or affairs of Lessee and such receivership <br /> is not vacated within thirty (30) days after the appointment of such <br /> receiver. <br /> PAGE 15 <br />
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