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<br />-09/16/99 THU 08:57 FAX 9037829721 <br /> <br />C1qr Attorney <br /> <br />@015 <br /> <br />23. That LESSOR m.1Y at its optiO(1 terminate this lease as <br /> <br />to the entire hangar building, or any part thereof, which may be <br /> <br />necessary, in the eoent LESSOR desires to use the property, or <br /> <br />any portion thereof, for necessary municipal functions, $u~h as <br /> <br /> <br />extension of runways or erection of other airport facilities. In <br /> <br />the eoent of either of the aboo. contingonci.s LESSOR shall gio. <br /> <br />the LESSEE rtinety (90) days notice in wr.iting of its intention to <br /> <br />utilize the building or any part thereof. <br /> <br />In the event this <br /> <br />option is exerci.ed by the LESSOR, all rental payment. collected <br /> <br />under this Ie... .hall be r.funded to LESSEE, and LESSEE shall b. <br /> <br /> <br />paid his costs of any improvement. authorized by LESSOR and mode <br /> <br />to said building. <br /> <br />24. During the time o[ war or national em.rg,ency, LESSOR <br /> <br />shall have the right to 1.... the landing area or any part <br /> <br />thereof to the Un! ted States Government for military or Inaval <br /> <br /> <br />use, and, if such lCllge is executed, the provisions of this <br /> <br />instrument insofar as they ate inconsistent with the provisions <br /> <br />of the lease to the Government, shall be suspended. <br /> <br /> <br />25. In the event LESSEE shall keep each and every agreement <br /> <br />contained herein and do and perfotm all the obligations requir~d <br /> <br /> <br />of LESSEE hereunder during the term of this le.se, an option is <br /> <br />hereby given and granted to LESSEE to renew and extend this lease <br /> <br /> <br />for an additional period of five (5) years from snd arter tbe <br /> <br /> <br />expiration of this agreement at a rental rate to be negotiated at <br /> <br /> <br />th.t time; by LESSEE gioing notice in writing of LESSEE'S <br /> <br /> <br />intention to renew said lease on or before the 1st day of <br /> <br />December, 1994. <br /> <br />26. The term~ of this lease are binding on and the benefits <br /> <br />berein inure to the heirs, administrators and executors of <br /> <br />LESSEt;, <br /> <br />EXECUTED On the deltes shown in acknowledgements below. <br /> <br />CITY OF PARIS, LESSOR <br /> <br /> <br />.,,~~t~ <br /> <br />Ci ty Manager <br /> <br />-7- <br /> <br />1'-' <br />