Res 1997-039 - Laserfiche WebLink

Home Browse Search

. VOL . 164f'Af.f 534 'J?4>ð -3- unless separate written provisions are made with the Lessor. 3.6 During the term of this Lease, the Lessor agrees that Lessees shall have unrestricted access to the runways., taxi-ways and ramp now in existence on the Airport to the same extent that any other parties may have use. Lessor's failure to continue the use of the Airport for airport and aviation purposes shall' constitute a default, and upon Lessees giving notice to Lessor of such default and Lessor's failure to cure said default within 30 days after the giving of notice, this Lease shall terminate and Lessee shall vacate the Leased Premises no later than 120 days thereafter, during which time the normal rental fees shall accrue; the date upon which the Leased Premises are vacated by Lessees shall be the date Lessees are released from and relieved of all further obligations of this Lease. ARTICLE 4. Maintenance and Repair of Premises 4.1 Lessees shall keep the Leased Premises in good, clean condition and shall make all needed repairs to all structures on the premises. Lessees shall comply, at their sole cost and expense, with all governmental laws, ordinances and regulations applicable to the Leased Premises. The Lessees shall not b~ obligated to make any structural changes or alterations to the Leased Premises unless made necessary by the act or omission of the Lessees, in which event Lessees shall comply, at their expense, with plans and specifications submitted to and approved by Lessor under Article 5 of this Lease. If any repairs required to be made by Lessees are not made within 30 days after written notice delivered to Lessee by Lessor, Lessor may at its option make repairs without liability to Lessees for any loss or damage which may result to Lessees' property or business by reason of such repairs, and Lessees shall pay to Lessor upon demand as additional rental the cost of repairs plus interest at the maximum legal rate in effect in the State of Texas from the date of payment by Lessor until repaid by Lessees. 4.2 Maintenance of the runways, taxiways, entrance roads, driveways, existing parking lots, leading to and/or contiguous to the Leased Premises shall remain the obligation of the Lessor. ARTICLE 5. Alterations and Fixtures 5.1 The Lessees shall within twelve (12) months of the commencement of this Lease construct an aircraft storage hangar (the "Hangar") on the Leased Premises. The Hangar shall be constructed in accordance with sealed plans prepared by a licensed or registered professional structural engineer which depict the total construction project. The plans shall include the proposed design of the Hangar and the estimated cost of the construction, and shall establish a time schedule for the completion of the construction. 5.2 The Lessor and Lessees agree that the hangar building to be constructed on the Leased Premises under this Lease constitutes a permanent improvement. This building and all other permanent improvements to the Leased Premises made during the term of this Lease or any extension thereof shall revert to the Lessor - upon any termination of this Lease. 5.3 Lessees shall not make any further alterations, additions, or improvements to the Leased Premises without the prior written consent of Lessor. All improvements, alterations, additions and fixtures (other than unattached, movable trade fixtures) which may be made or installed by either party upon the Leased Premises shall become the property of Lessor at the termination of this Lease for any reason whatsoever, and at the termination of this Lease shall remain upon and be