Res 1983-022 - Laserfiche WebLink

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-3- that any other parties may have use thereof. It is understood and agreed by and between Lessor and Lessee that the continuing use of said Airport as an airport for general aviation is essential to the operation of Lessee and that the failure to continue the use of said Airport for airport and aviation purposes shall constitute a default in the Agree~ent. Upon Lessee giving written notice of such default to Lessor and upon the failure of Lessor to cure such default within thirty (30) days after the receipt of said written notice, this Agreement shall terminate and end as of the date one hundred and twenty (120) days after the receipt of said written notice. Lessee shall thereupon be released from and relieved of alL further obligations thereafter to accrue hereunder. VIII. Maintenance of the runways, taxiways, entrance roads, driveways and existing parking lots leading to and/or contiguous to the demised premises, and unoccupied property of said Airport, except for the demised premises shown on Exhibit A of this Agreement, shall remain the obligation of Lessor; provided, however, that Lessor shall only be obligated to use airport revenue funds for such purposes and that Lessor shall never have the obligation to use general, operating or bond funds for the purpose of said maintenance. IX. Lessor agrees that all airport revenue derived from Lessee should be allocated toward the maintenance and improvement of said Airport; provided, however, that this requirement shall not be construed as mandatory upon Lessor unless so required by existing indenture or agreement with the United states of America or any amended or substitute indentures and agreements hereinafter entered into with the United States of America. X. Lessor represents and warrants that Lessor has full right and lawful authority to enter into and perform Lessor's obligations under this Agreement for the full term of this Agreement and has