18 - STANDARD HANGAR LEASE - COX FIELD

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36. LESSOR reserves the right to further develop or improve the landing area of the airport as it sees fit, regardless of the desires or view of LESSEE, including the temporary closing of the airport, and the granting of an exclusive right. 37. The parties agree that LESSOR has not waived its sovereign immunity by entering into and performing its obligations under this Lease. 38. LESSOR will maintain and keep in repair the landing area of the airport and all publicly owned facilities of the airport, together with the right to direct and control all activities of LESSEE in this regard. LESSOR has the right to temporarily close the airport or any of the facilities thereon for maintenance, improvements, or for the safety of the public. 39. During a time of war or national emergency, LESSOR shall have the right to lease the landing area or any part thereof to the United States Government for military use, and, if such lease is executed, the provisions of this instrument insofar as they are inconsistent with the provisions of the lease to the Government shall be suspended. 40. LESSOR reserves the right to take any action it considers necessary to protect the aerial approaches of the airport against obstruction, together with the right to prevent LESSEE from erecting, or permitting to be erected, any building or other structure on or adjacent to the airport which, in the opinion of the LESSOR, would limit the usefulness of the airport or constitute a hazard to aircraft. 41. During the final 180 days of the term of Lease, LESSOR shall have the right to erect and maintain on or about the leased premises customary signs advertising the premises for lease. 42. This lease shall be subordinate to the provisions of any existing or future agreement between LESSOR and the United States, relative to the operation or maintenance of the airport, the execution of which has been or may be required as a condition precedent to the expenditure of Federal funds for the development of the airport. 43. Holding over by LESSEE of the airport premises after the expiration of this Lease shall operate and be construed as a tenancy from day to day at a rental rate computed from the rental rate then prevailing under this lease. 44. LESSOR may, at its option, and following a ninety (90) day written notice period, terminate Lease, or any parts thereof, which may be necessary in the event LESSOR desires to use the property, or any portion thereof, for any governmental purpose as determined by LESSOR, such as but not limited to, extension of runways or taxiways, utility or drainage improvements, or the expansion of existing buildings or the erection of other airport facilities. 9