Laserfiche WebLink
<br />-3- <br /> <br />I <br /> <br />Company giving written notice of such default to City and upon <br />toe failure of City to cure such default within thirty (30) days <br />after the receipt of said written notice, this lease shall terminate <br />and end as of the date one hundred and twenty (120) days after the <br />receipt of said written notice. Company shall thereupon be released <br />from and relieved of all further obligations thereafter to accrue <br />hereunder. <br /> <br />VIII. <br />Maintenance of the runways, taxiways, entrance roads, drive- <br />ways, existing parking lots, leading to and/or contiguous to the de- <br />mised premises, and unoccupied property of said Airport, except for <br />the demised premises described in Part I of this lease, shall remain <br />the obligation of City; provided, however, that City shall only be <br />obligated to use airport revenue funds for such purposes and that <br />City shall never have the obligation to use general, operating or <br />bond funds for the purpose of said maintenance. <br /> <br />I <br /> <br />IX. <br />City agrees that all airport revenue derived from Company and <br />any other user of the property should be allocated toward the main- <br />tenance and improvement of said Airport; provided, however, that this <br />requirement shall not be construed as mandatory upon City unless so <br />required by existing indenture or agreement with the united States of <br />America or any amended or substitute indentures and agreements herein- <br />after entered into with the United States of America. <br /> <br />I <br /> <br />X. <br />City represents and warrants that City has full right and law- <br />ful authority to enter into and perform City's obligations under <br />this lease for the full term as described in Part IV of this lease <br />and has title to said demised premises as shown by the indenture <br />between the United States of America and City which has been made a <br />part hereof by reference. City further covenants that if Company <br />shall discharge the obligations herein set forth to be performed <br />by Company, Company shall have and enjoy during the term hereof, <br />quiet and undisturbed possession of said demised premises <br /> <br />j <br />