Res 2007-099 - Laserfiche WebLink

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and to sell it at public or private sale, or to use it in any other manner authorized or I provided in the UCC. Upon request by the City, the Lessee agrees to execute and deliver UCC Financing Statements to the City from time to time as the City deems necessary to perfect the City's security interest in the property, and proceeds thereof under the provisions of the UCC. Article 13. Lessee's Mortgage of Leasehold Interest 13.01. The City grants permission to the Lessee for the mortgaging of the Lessee's leasehold interest in the Leased Premises for the sole purpose of obtaining funding for permanent improvements to the Leased Premises. The Lessee will provide written notification to the City of each such mortgage within ten days after it is executed. The City agrees that any lien in its favor arising under this Lease as to any such improvements will be subordinate to the lien of the mortgagee under each such mortgage. This clause is self operative and no further instrument of subordination need be required by any mortgagee of the Lessee. The mortgaging by the Lessee of its leasehold interest for any other purpose, however, shall require the advance written approval of the City. Article 14. Operation of the Airport; City's Access to Leased Premises 14.01. The City reserves the right to operate the Airport in accordance with, and this Lease is subordinate to, the City's obligations to the Federal and State governments under any of the agreements for which aid for development of the Airport was or will be granted. If these I obligations unreasonably restrict the Lessee's use of the Leased Premises, then the Lessee may terminate this Lease, and the parties will have no further obligations. 14.02. It is specifically understood and agreed that this Lease does not grant or authorize an exclusive right for conducting any aeronautical activity which is unlawfully discriminatory. The Lessee specifically agrees not to discriminate in its use of the Leased Premises in any manner prohibited by Federal Aviation Administration Regulations. The Lessee further agrees to comply with any nondiscrimination enforcement procedures required by the Federal government. 14.03. The City 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 any building or structure on the Airport or on the Leased Premises that would limit the usefulness of the Airport or constitute a hazard to aircraft. 14.04. The City 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. The City expressly reserves the right to grant leases and privileges to other persons with respect to the Airport, 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 the Lessee's facilities, the City agrees to provide a location comparable to that provided to other private lessees at the time of the relocation, and to COSM form 1/99 I