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<br /> ~[Gl <br /> time necessary for the reconstruction or repairs in proportion to the amount of floor area of the <br /> Leased Premises rendered unusable, but there shall be no abatement of any other amounts payable <br /> by the Lessee under the temis of this Lease. <br /> 9.04. Any insurance against casualty loss which may be carried by either the Lessor or the <br /> Lessee shall be under the sole control of the party carrying the insurance, and the other party shall <br /> have no interest in any proceeds of this insurance. Lessor and Lessee expressly waive any cause <br /> of action or right of recovery which either of them may have against the other for any loss or <br /> damage to the Leased Premises or to the contents caused by fire, explosion, or other risk covered <br /> by the casualty insurance. <br /> Article 10. Assignment and Subletting <br /> 10.01. The Lessee shall not assign or sublet all or part of its interest in this Lease without the <br /> advance written consent of the Lessor. Consent by the Lessor to one or more assignments or <br /> sublettings shall not operate as a waiver of the Lessor's rights as to any subsequent assignments or <br /> sublettings. Notwithstanding any assignment or subletting, the Lessee shall remain fully responsible <br /> and liable for the payment of the rent and for compliance with all of its other obligations under this <br /> Lease. No sublease or assignment oflease shall be given except for the purposes and uses authorized <br /> in this Lease. Notwithstanding the foregoing, it is specifically understood and agreed that Lessee <br /> shall have the right and authority to lease hangar space, aircraft tie-down space and office space with <br /> third parties on such terms and conditions as Lessee may desire subject to Lessor's consent Lessor <br /> agrees not to unreasonably withhold consent to said leases. <br /> 10.02. In the event of an assignment by the Lessor of all ofits interest in this Lease to a person, firm <br /> or corporation that assumes all of the Lessor's obligations, the Lessee agrees to look solely to the <br /> responsibility of the successor in interest of the Lessor. Any security given by the Lessee to secure <br /> performance of its obligations may be assigned and transferred by the Lessor to its successor in <br /> interest, and the Lessor shall be released of any further obligations under this Lease. <br /> Article 11. Events of Default and Remedies <br /> 11.01. The following events shall be events of default by Lessee under this Lease: <br /> 11.01.1 The Lessee fails to pay within 5 days of the date when due any rental or any <br /> other sums or charges due under this Lease. <br /> 11.01.2 The Lessee fails to comply with any other term, provision, or covenant of this <br /> Lease, and does not cure the failure within 30 days after written notice to the <br /> Lessee. For any subsequent default by the Lessee for the same or any other <br /> reason, the Lessor may terminate the Lease if that subsequent default <br /> continues for more than three days after notice of the subsequent default. In <br /> all cases, the Lessee is responsible for the performance of any sublessee. <br /> 8 ~. <br /> ~ <br />