Res 1997-051 - Laserfiche WebLink

Home Browse Search

vat 167 PAC£ 286 - ).Jt;£ -9- express security interest shall not be construed as a waiver of any statutory or other liens given or which may be given to Lessor but shall be in addition to them. In connection with the security interest granted Lessor, it is agreed that in the event of default by Lessees, Lessor shall have and be entitled to exercise all rights and remedies provided or granted to a secured party after default under the Uniform Commercial Code ("UCC") with respect to any and all such property, including, without limitation, the right to take and retain possession of any or all property and to sell or otherwise utilize same at public or private sale or in any other manner authorized or provided in the UCC. Upon request by Lessor, Lessees agree to execute and deliver to Lessor from time to time UCC Financing Statements as Lessor may deem necessary to perfect the security interest of Lessor in the property and any proceeds under the provisions of the UCC in force in the State of Texas. .' ARTICLE 15. Operation of the Airport 15.1 Lessor reserves the right to operate the Airport in accordance with, and this Lease is subordinate to, the Lessor's obligations to the Federal or State Gov~rnment under any of the agreements for which aid for development WqS granted; however, if the operation unreasonably restricts the operation of Lessees on the Leased Premises, appropriate rental reductions shall be negotiated. In the event that appropriate rental reductions cannot be negotiated between the parties, then this Lease shall terminate and the parties shall have no further obligations. 15.2 It is specifically understood and agreed that nothing contained in this Lease shall be construed as a granting or authorizing the granting of an exclusive right for exercising an aeronautical activity which is illegally discriminatory, and Lessees specifically agree to operate a non-discriminatory operation. Lessees, their agents and employees, will not discriminate in any manner prohibited by Federal Aviation Administration or Texas Department of Transportation Regulations. Lessees further agree to comply with any enforcement procedures as might be required by the United States of America or the State of Texas. 15.3 Lessor reserves the right to take any action it considers necessary to protect the aerial approaches of the Airport against obstructions; and to limit the Le?sees from erecting or permitting to be erected any building or structure on the Airport and on the Leased Premises that would limit the usefulness of the Airport or that would constitute a hazard to aircraft. 15.4 Lessor reserves the right to further develop the Airport as it sees fit regardless of the desires of the Lessees, and without any hindrance or interference from the Lessees. Lessor expressly reserves the right to grant leases and privileges to other individuals with respect to the Airport facility, 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 Lessees, the Lessor agrees to provide a location comparable to that provided to other private lessees at the time of the relocation without any unreasonable interruption to the Lessees' activities, and agrees to relocate buildings owned by the Lessees, or provide similar facilities for the Lessees at no cost to the Lessees, except that Lessor shall not be required to pay more than the wholesale cost of foundation materials. 15.5 This Lease shall be subject to and in conformance with all City, State and Federal ordinances, statutes and regulations. 15.6 The Lessees, for themselves, their personal representatives, successors in interest,