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Res 1998-147
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Res 1998-147
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4/23/2007 5:05:26 PM
Creation date
4/16/2007 4:23:44 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Lease
Number
1998-147
Date
7/27/1998
Volume Book
133
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<br /> ""..r-o <br /> VOL to!. <br /> expenses the Lessor incurs in effecting compliance with the Lessees' obligations under <br /> this Lease, within 30 days of the Lessor's issuance of a statement for the expenses to the <br /> Lessees. The Lessor and its officers, agents and employees shall not be liable for any <br /> damages or injuries that result to the Lessees from any action taken under this paragraph, <br /> whether caused by the negligence of the Lessor or otherwise. <br /> The Lessor's pursuit of any of these remedies will not preclude pursuit of any other <br /> remedies provided under this Lease or by law, nor will pursuit of any remedy constitute a <br /> waiver of any rent due to the Lessor or of any damages caused to the Lessor by any <br /> violation of this Lease by the Lessees. Any failure by the Lessor to enforce a remedy upon <br /> an event of default shall not be deemed to constitute a waiver of the default or of the <br /> Lessor's right to insist on strict compliance with this Lease. <br /> 11.03. If it becomes necessary for the Lessor to employ an attorney to enforce or defend <br /> any of the Lessor's rights or remedies because of any breach or default by the Lessees <br /> under this Lease, the Lessees agree to pay all reasonable attorney's fees incurred by the <br /> Lessor, within 30 days of the Lessor's issuance of a statement for the fees to the Lessees. <br /> Article 12. Landlord's Lien <br /> 12.01. The Lessees grant to the Lessor a valid first security interest upon all of the <br /> Lessees' goods, chattels, furniture, fixtures and property upon the Leased Premises to <br /> secure all rents and other sums due or to become due to the Lessor. The Lessees <br /> expresslywaive all exemption laws in favor of this security interest; and it is agreed that <br /> this express security interest shall be in addition to, and not as a waiver of or substitute for <br /> any statutory or other liens of the Lessor. In connection with this security interest, it is <br /> agreed that in the event of a breach or default by the Lessees, the Lessor shall be entitled <br /> to exercise all rights and remedies provided to a secured party after default under the <br /> Uniform Commercial Code ("UCC"), as adopted and amended in Texas, with respect to <br /> all such property, including, without limitation, the right to take and retain possession of <br /> the property and to sell it at public or private sale, or to use it in any other manner <br /> authorized or provided in the UCC. Upon request by the Lessor, the Lessees agree to <br /> execute and deliver UCC Financing Statements to the Lessor as the Lessor deems <br /> necessary to perfect the Lessor's security interest in the property, and proceeds thereof <br /> under the provisions of the UCC. <br /> Article 13. Operation of the Airport; Lessor's Access to Leased Premises <br /> 13.01. The Lessor reserves the right to operate the Airport in accordance with, and this <br /> Lease is subordinate to, the Lessor's obligations to the Federal and State governments <br /> under any of the agreements for which aid for development of the Airport was or will be <br /> granted. If these obligations unreasonably restrict the Lessees' use of the Leased <br /> 9 <br />
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