Res 1979-060 - Laserfiche WebLink

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I I I , .' taken against Lessee in any court pursuant to any statute either of the United States or of the State of Texas a petition hi !;ankruptcy or insolvency or for reorganization or for the apjJclintment of a receiver or trustee for all or a portion of Lessee's property, or if Lessee makes an assignment for the benefit of creditors, or petitions for or enters into an arrangement, or suffers this lease to be taken under any writ of e~ecution or attachment, or if this lease shall pass to or dissolve upon by law or otherwise, one other than Lessee except as herein provided, then, in anyone or more such events, upon Lessor serving written thirty (30) days notice of can- cellation upon L~ssee specifying the nature of said default, and if, at the expiration of said thirty (30) days, Lessee shall have failed to comply with or remedy such default, then this lease and the term thereunder, shall, at the option of Lessor, terminate and come to an end on the date specified in such notice of cancellation, and Lessee shall quit and surrender the demised premises to Lessor as if the term hereunder ended by the expiration of the time fixed herein, and Lessee shall remain liable for any unpaid rent and all other charges up to the date of termination. If the Lessor shall be in default in performing any of the terms or provisions of this lease required on its part to be performed, and Lessee shall give Lessor notice in writing of such default, and if the Lessor shall fail to cure such default within thirty (30) days after service of such notice, then and in such event, this lease shall be terminat~d and cancelled. IS. Operation of the Airport. Lessor reserves the right to operate the airport in accordance with the obligation to the Federal or State Government under any of the agreements for which aid for development was granted; provided, however, if such operation restricts the operation of Lessee on the demised premises, appropriate rental reductions shall be negotiated. In the event that appropriate rental reductions cannot be negotiated between the parties hereto, then in such event, this lease shall terminate and the parties hereto shall have no further obligations hereunder. It is specifically understood and agreed that nothing contained herein shall be construed as a granting or authorizing the granting of an exclusive right, for exercising of an aeronautical act i vity, not to conduct any activity which is discriminatory and Lessee specifically agrees to operate a non-discriminatory operation. Lessor reserves the right to take any action it considers necessary to protect the aerial approaches of the airport against obstructions, and additionally, to limit the Lessee from erecting or permitting to be erected any building or structure on the airport and on the demised premises that would limit the usefulness of the airport or that would constitute a hazard to aircraft. Lessor reserves the right to further develop the airport as it sees fit regardless of. the desires of the Lessee, and without any hinderance or interference from such Lessee, Lessor expressly reserves the right to grant to others additional leases and privileges with respect to said airport facility even though the purposes for which such additional leases are given are the same and duplicates those contained in this lease. This lease shall be subordinate to provisions of any existing or future agreement entered into by and between Lessor and the Federal or State Government for improvement, operation and maintenance of the airport; provided that if such agreement restricts the operation