Laserfiche WebLink
<br />I I <br /> <br />I <br /> <br />. <br /> <br />-7- <br /> <br />United States or 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 Company's property, or if Company <br /> <br /> <br />makes an assignment for the benefit of creditors, or petitions for <br /> <br /> <br />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 /> <br />pass to or dissolve upon by law or otherwise, one other than Company <br /> <br /> <br />except as herein provided, then, in anyone or more such events, <br /> <br /> <br />upon City serving written ~hirty (30) day notice of cancellation <br /> <br /> <br />upon Company specifying the nature of said default, and if, at the <br /> <br /> <br />expiration of said thirty (30) days, Company 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 /> <br />end on the date specified in such notice of cancellation, and Company <br /> <br /> <br />shall quit and surrender the demised premises to City as if the term <br />hereunder ended by the expiration of the time fixed herein, and <br />Company shall remain liable for any unpaid rent and all other charges <br />up to the date of termination. <br />B. If the City shall be in default in performing any of the <br />terms or provisions of this lease required on its part to be per- <br />formed, and Company shall gIDve City notice in writing of such default. <br />and if City shall fail to cure such default within thirty (30) days <br />after service of such notice, then and in such event, this lease <br />shall be terminated and cancelled. <br /> <br />XV. <br />A. City reserves the right to 9perate the airport in accord- <br />ance with the obligation to the federal or state government under <br />any of the agreements for which aid for development was granted; <br />provided, however, if such operation restricts the operation of <br />Company on the demised premises, appropriate rental reductions <br />shall be negotiated. In the event that appropriate rental reduc- <br />tions cannot be negotiated between the parties hereto, then in such <br />event, this lease shall terminate and the parties hereto shall have <br />no further obligations hereunder. <br />B. It is specifically understood and agreed that nothing con- <br />tained herein shall be construed as a granting or authorizing the <br />