Res 1989-047 - Laserfiche WebLink

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hereunder or upon its failure to perform any other af the terms of this lease to be observed or performed by Lessee on its part to be observed or performed, or if Lessee shall become a bankrupt, or insolvent, or file any debt or proceedings, or take or have taken against Lessee in any court pursuant to any statute either of the United States or of the State of Texas a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee for all or a portion of Lessee's property, or if Lessee makes an assignment for the benefit of creditors, or petitions for or enters into an arrangement, or suffers this lease to be taken under any writ of execution or attachment, or if this lease shall dissolve or pass by law or otherwise to one other than Lessee except as herein provided, then, in any one or more such events, upon Lessor serving written fifteen (15) days notice of cancellation upon Lessee specifying the nature of said default, and if, at the expiration of said fifteen (15) days, Lessee shall have failed to comply with or remedy such default, then this lease and the term thereunder, shall, at the option of Lessor, terminate and come to an end on the date specified in such notice of cancellation, and Les see shall quit and surrender the demised premises to Lessor as if the term hereunder ended by the expiration of the time fixed herein, and Lessee shall remain liable for any unpaid rent and all other charges up to the date of termination. If Lessor shall be in default in performing any of the terms or provisions of this lease required on its part to be performed, and Lessee shall give Lessor notice in writing of such default, and if the Lessor shall fail to cure such default within thirty (30) days after service of such notice, then and in such event, this lease shall be terminated and cancelled. 14. Operation of the Airport. A. Lessor reserves the right to operate the Airport in -10-