Res 1997-107 - Laserfiche WebLink

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. . , 7 {,/I- 2.4 Lessor agrees that all airport revenue derived from Lessee and any other use of the property shall be allocated toward the maintenance of the Airport and improvements; provided, however, that this requirement shall not be considered mandatory upon Lessor unless it is so required by existing indenture or agreement with the Federal Govemment or any amenqed or substitute indentures and agreements entered into with the Federal Government. 2.5 Should Lessee fail to pay when due any rent or any other sum payable to the Lessor under --- the tenns of this Lease, then interest at the maximum legal rate then payable by Lessee in the State of Texas shall accrue from and after the date on which any sum shall become due and payable, and interest shall be paid by Lessee to Lessor at the time of payment of the sum upon which the interest shall have accrued. 2.6 The term of this Lease shall commence on June 24, 1997 and shall extend for a period of 5 years with the Lessee having the option to renew for a subsequent 5 year period provided Lessee is not in default under the terms of this Lease at the time of renewal. The renewal term shall commence on the day following the expiration of this original term if Lessee provides Lessor with written notice of its intent no more than 60 days, nor less than 30 days prior to the date of the expiration of the first 10 year term. Renewal shall be on the same terms and conditions as stated in this Lease, unless altered or amended at the time of renewal as provided for in Section 17.1 B of this Lease, except that all rental charges provided shall be renegotiated prior to renewal. ARTICLE 3. Use and Care of Premises . 3.1 The uses of the premises by Lessee shall be restricted to those connected with aviation purposes or aviation-related purposes, except for uses allowed by written agreement. Specifically, the Leased Premises shall be used and occupied only for the purpose of operating an active unit of the Civil Air Patrol, and for no other purposes without the prior written consent of Lessor. Lessee shall not at any time leave the Leased Premises vacant, but shall in good faith continuously throughout the term of this Lease conduct and carry on in the Leased Premises the type of activity for which the Leased Premises are leased, and shall keep the Leased Premises open to the public for business during normal business hours. 3.2 Lessee shall not, without Lessor's prior written consent, keep anything within the Leased Premises or use the Leased Premises for any purpose which increases the insurance premium cost or invalidates any insurance policy carried on the Leased Premises. All property kept, stored or maintained within the Leased Premises by Lessee shall be at Lessee's sole risk. 3.3 Lessee shall not, without Lessor's prior written consent, conduct within the Leased Premises any objectionable activity, nor permit any objectionable or unpleasant odors to emanate from the premises; nor take any other action which would disturb or endanger the Rublic. 3.4 Lessee shall take good care of the Leased Premises and keep it free from waste at all times. Lessee shall keep the Leased Premises, including ramps, signs, sidewalks, serviceways, and loading areas adjacent to the premises neat, clean, and free from dirt or rubbish at all times, and shall store all trash and garbage within the Leased Premises, arranging for the regular pick-up of such garbage at Lessee's expense. 2