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<br /> -15- <br /> relative to the operation or maintenance of Airport, the execution <br /> of which has been or may be required as a condition precedent to the <br /> expenditure of federal funds for the development of the Airport; <br /> provided that if such agreement restricts the operation of <br /> the leased premises, equitable rental reductions shall be negotiated. <br /> In the event that such rental reductions cannot be negotiated, then <br /> this Agreement shall terminate and end sixty (60) days thereafter, and <br /> the parties shall have no further obligations hereunder. <br /> XVIII. <br /> Defaul ts. <br /> A. Default by LESSEE. <br /> <br /> (1) If LESSEE fails to pay any rental or other monies due <br /> LESSOR hereunder, then ln such event, upon LESSOR <br /> depositing in the u.s. Mail, certified, return receipt <br /> requested, written notice of cancellation of this Agreement <br /> to LESSEE addressed as set forth hereinbelow in Paragraph <br /> XXIII specifying the nature of said default and upon <br /> LESSEE'S failure to cure or remedy such default within ten <br /> (10) days thereafter, then this Agreement shall, at the <br /> option of LESSOR, terminate and end on the date set <br /> forth in such notice of cancellation, and LESSEE shall quit <br /> and surrender the leased premises to LESSOR and LESSEE <br /> shall remain liable for any unpaid rentals and other <br /> monies to the date of termination and thereafter as <br /> provided by law. <br /> ( 2) If LESSEE fails to perform any of the terms and covenants <br /> required by this Agreement to be performed other than the <br /> payment of rentals or other monies due LESSOR and other <br /> than keeping the covenant set forth in Paragraph VII(B) <br /> hereof, the default of which shall result in the <br /> immediate termination of this Agreement as set forth in <br /> subparagraph ( 5) below, then in such event, upon LESSOR <br /> depositing in the u.S. Mail, certified, return receipt <br /> requested, written notice of cancellation of this Agreement <br /> to LESSEE addressed as set forth hereinbelow in Paragraph <br /> XXIII specifying the nature of said default, and upon <br /> LESSEE's failure to cure or remedy such default within <br /> thirty ( 30) days thereafter, then this Agreement shall, at <br /> the option of LESSOR, terminate and end on the date set <br /> forth in such notice of cancellation, and LESSEE shall <br /> quit and surrender the leased premises to LESSOR and LESSEE <br /> shall remain liable for any damages, expenses, and costs, <br /> including attorney's fees, incurr-ed by LESSOR as a <br /> result of such default and termination. <br /> ( 3) If LESSEE fails to pay any rental or other monies due <br /> LESSOR hereunder or if LESSEE fails to perform any other of <br /> the terms and covenants required by this Agreement to be <br /> performed (other than the keeping of the covenant set <br /> forth in Paragraph VII(B) hereof, the default of which <br /> shall result in the immediate termination of this <br /> Agreement as provided hereinbelow in subparagraph (5» and <br /> LESSEE has, within the twelve (12) months immediately <br /> preceding such default, defaulted in the payment of <br /> any rental or other monies due LESSOR hereunder or in <br /> the performance of any other term or covenant required <br /> to be performed by this Agreement for which LESSOR <br /> provided notice to LESSEE of same pursuant to Paragraphs <br /> XVIII(A)(l) or XVIII(A) (2) above and Paragraph XXIII <br /> belm.¡, whether or not such default(s) were cured by LESSEE, <br />