Res 1999-003 - Laserfiche WebLink

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granted Lessor, it is agreed that in the event of default by Lessee, Lessor shall have and be entitled to exercise all right and remedies provided or granted to a secured party after default under the Uniform Commercial Code ("UCC") with respect to any and all such property, including, without limitation, the right to take and retain possession of any or all property and to sell or otherwise utilize same at public or private sale or in any other manner authorized or provided in the UCC. Upon request by Lessor, Lessee agrees to execute and deliver to Lessor from time to time UCC Financing Statements as Lessor may deem necessary to perfect the security interest of Lessor in the aforementioned property and proceeds under the provisions of the UCC in force in the State of Texas. ARTICLE XII Operation of the Airport 12.1 Lessor reserves the right to operate the Airport in accordance with, and this Lease is subordinate to, the Lessor's obligations to the Federal or State Government under any of the agreements for which aid for development was granted; however, if operation restricts the operation of Lessee on the Leased Premises, appropriate rental reductions shall be negotiated. In the event that appropriate rental reductions cannot be negotiated between the parties, then this Lease shall terminate and the parties shall have no further obligations. 12.2 It is specifically understood and agreed that nothing contained in this lease shall be construed as a granting or authorizing the granting of a right to conduct an aeronautical activity which is discriminatory, and Lessee specifically agrees to operate a non-discriminatory operation. Lessee, his agents and employees, will not discriminate in any manner prohibited by Federal Aviation Regulations. Lessee further agrees to comply with such enforcement procedures as might be required by the United States of America. 12.3 Lessor reserves the right to take any action it considers necessary to protect the aerial approaches of the Airport against obstructions; and to limit the Lessee from erecting or permitting to be erected any building or structure on the Airport and on the Leased Premises that would limit the usefulness of the Airport or that would constitute a hazard to aircraft. 12.4 Lessor reserves the right to further develop the Airport as it sees fit regardless of the desires of the Lessee, and without any hindrance or interference from the Lessee. Lessor expressly reserves the right to grant leases and privileges to other individuals with respect to the Airport facility, even though the purposes for which these leases are given are the same and duplicate those contained in this Lease. If the development of the Airport requires the relocation of Lessee-owned facilities, the Lessor agrees to provide a location comparable to that provided to other private lessees at the time of the relocation without any unreasonable interruption to the Lessee's activities, and agrees to relocate all Lessee-owned buildings, or provide similar facilities for the Lessee at no cost to the Lessee, except that Lessor shall not be required to pay more than the wholesale cost of foundation materials. 9