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<br />.VOL 300PkGE 521 <br /> <br />continue the use of the Airport for airport and aviation purposes shall constitute a default. <br />The Lessee may give notice to the Lessor of such a default, and if the Lessor fails to cure <br />the default within 30 days after receiving the notice, this Lease shall terminate, and the <br />Lessee shall vacate the Leased Premises within 120 days after the date the Lessor <br />received the notice. Until the Lessee vacates the Leased Premises, the normal rental fees <br />shall accrue. The date the Lessee vacates the Leased Premises shall be the date the <br />Lessee is released from accruing further obligations under this Lease. <br /> <br />3.07. If for any reason, Lessor closes the Airport, Lessee may relocate any buildings it <br />has constructed, to another location. Relocation to take place within 120 days of the <br />notice to Lessee of Airport's closing. <br /> <br />Article 4. Maintenance and Repair of Premises <br /> <br />4.01. The Lessee shall maintain the Leased Premises in good, clean condition and shall <br />make all repairs to structures and improvements on the premises needed to maintain their <br />function, safety and appearance. The Lessee shall comply with all governmental laws, <br />ordinances and regulations that apply to the Leased Premises, at its sole cost and <br />expense. If the Lessee fails to make any required repairs required within 30 days after <br />written notice from the Lessor, the Lessor may make the repairs without liability to the <br />Lessee for any loss or damage which may result to the Lessee by reason of the repairs, <br />and the Lessee shall pay to the Lessor the full cost of the repairs within 30 days of the <br />Lessor's issuance of a written invoice to the Lessee. At the expiration of this Lease, the <br />Lessee shall surrender the Leased Premises in good condition, reasonable wear and tear <br />excepted. <br /> <br />4.02. The Lessor will use airport revenue funds to maintain the existing runways, taxiways, <br />and entrance roads on the Airport. The Lessor shall not be obligated to use general, <br />operating or bond funds for this maintenance. <br /> <br />Article 5. Construction of Facilities; Alterations and Fixtures <br /> <br />5.01. The Lessees shall construct the Hangars on the Leased Premises as depicted <br />generally on the attached Exhibit "B". The Lessee shall substantially begin the construction <br />of the Hangars within 90 days of the date of this Lease, shall diligently and continuously <br />pursue the construction to completion, and shall fully complete the Hangars within one year <br />of the date of this Lease. Any delay or lack of progress in the construction will constitute <br />a default by the Lessee, and will authorize the Lessor to pursue all remedies available to <br />it as described in Article 11 of this Lease. The construction of the Hangars shall be in <br />accordance with sealed plans prepared by an architect or structural engineer licensed or <br />registered in the State of Texas. The plans shall depict the total construction project for the <br />Hangars, and shall be accompanied by the architect or engineer's estimated cost of the <br />construction and the time schedule for completion of the construction. The plans shall be <br />subject to approval by the City. <br /> <br />4 <br />