Res 1989-074 - Laserfiche WebLink

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-17- is essential to the operation of LESSEE and that the failure to continue the use of said Airport for airport and aviation purposes shall constitute a default in the Agreement on the part of LESSOR. Upon LESSEE giving written notice of such default to LESSOR and upon the failure of LESSOR to cure such default within thirty (30) days after the receipt of said written notice, this Agreement shall terminate and end as of the date one hundred and twenty (120) days after the receipt of said written notice. LESSEE shall thereupon be released from and relieved of all further obligations thereafter to accrue hereunder. XIX. Dur i ng the term of this Agreement, LESSOR agrees LESSEE shall have unrestricted access to the runways, taxiways and ramps now in existence at said Airport to the same extent that any other parties may have use thereof. LESSEE shall have ingress, egress, and regress to and from the leased premises. However, LESSEE's use of the Airport ramp area for an uninterrupted period of 72 hours or longer shall be subject to payment by LESSEE of the tie-down fee or public use fee established by ,LESSOR, if any. xx. It is hereby ag reed by the parties hereto that the hangar building to be constructed upon the leased premi ses constitute improvements of a permanent nature. All permanent improvements placed upon the leased premises by LESSEE during the term of this Agreement shall revert to LESSOR on termination of the Agreement as set forth in Paragraph IV above; provided, however, that LESSEE, having paid all rentals and not in default thereof, shall be given a reasonable time, not to exceed thirty (30) days after the termination of this Agreement to remove all of LESSEE's personal property. XXI. Whenever any payment is to be made under this Agreement at or within a time stated, and whenever any act is to be done under this Agreement, by either party, at, or within a stated time, time shall be of the essence of this Agreement.