Res 1998-026 - Laserfiche WebLink

Home Browse Search

2.4 Lessee agrees to pay to Lessor a monthly fee for the use of tie-down or any other facilities for aircraft, motor vehicles or any other equipment or items, if any, under the custody and control of the Lessee or any employees, agents or customers of the Lessee which are outside of the Leased Premises. The excess space or area will be charged at the then established standard rental or use fee as prescribed by the Lessor. 2.5 Lessee shall provide to Lessor, upon reasonable notice, all business records reasonably necessary to verify the amount of fees and/or percentage rental due under this Lease. Should the commencement or termination of this Lease take effect on other than the first day of a month, all monthly rents and fees payable by Lessee for the first month under this Lease shall be prorated accordingly. 2.6 Lessor agrees that all airport revenue derived from Lessee and any other user of the property should be allocated toward the maintenance of the Airport and improvements thereof; provided, however, that this requirement shall not be considered mandatory upon the Lessor unless it is so required by existing indenture or agreement with the Federal Government or any amended or substitute indentures and agreements entered into with the Federal Government. 2.7 Lessee agrees that should Lessee fail to pay when due any sum payable to the Lessor under the terms of this Lease, interest at the maximum legal rate then payable in the State of Texas, shall accrue on any past due sum from and after the date on which said sum shall become due and payable, and interest shall be paid by Lessee to Lessor at the time of payment of the sum upon which the interest shall have accrued. ARTICLE III. Use and Care of Premises 3.1 The uses of the Leased Premises by Lessee shall be restricted to aviation purposes or aviation-related purposes, unless otherwise approved in writing by Lessor. Specifically, the Leased Premises shall be used and occupied only for the purpose of operating a specialized flight school providing rides and training in World War II aircraft and for no other purposes without the prior written consent of Lessor. 3.2 Lessee shall not, without Lessor's prior written consent, keep anything within the Leased Premises, or use the Leased Premises for any purpose, which increases the insurance premium cost or invalidates any insurance policy carried on the Leased Premises. All property kept, stored or maintained within the Leased Premises by Lessee shall be at Lessee's sole risk. 3.3 Lessee shall not use, or permit the use of, the Leased Premises in any manner that results in waste of the Leased Premises or constitutes a nuisance or violates any applicable statute, ordinance, rule or regulation or for any illegal purpose. 3.4 Lessee shall take good care of the Leased Premises and keep the same free from waste at all times. Lessee shall keep the Leased Premises neat, clean, and free from dirt or rubbish at all times, and shall store all trash and garbage in containers furnished by Gryphon Aviation, Inc.. 2