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LESSEE shall immediately notify LESSOR of any release of hazardous materials. Upon <br />discovery of any hazardous materials on, in, under, or emanating from the leased premises, any <br />release or threat of release of a hazardous materials, and/or any illness caused by exposure thereto, <br />LESSEE shall immediately, and at his sole cost and expense, take all actions necessary to <br />remediate, abate, and/or rectify any such conditions at or upon the leased premises. <br />33. That LESSEE will not use, or permit the use of, said leased premises, or any part <br />thereof, for any purpose which is determined dangerous or hazardous to the Airport operation by <br />LESSOR. <br />34. That the following events shall be deemed to be events of default by LESSEE under <br />this Lease: <br />A. Failure of LESSEE to pay any lease payment or any other sum payable to LESSOR <br />hereunder on the date that same is due and such failure shall continue for a period of <br />thirty (30) days. <br />B. Failure of LESSEE to comply with any term, condition, or covenant of this Lease <br />other than the lease payment or other sum of money, and such failure shall not be <br />cured within thirty (30) days after written notice thereof to LESSEE. <br />C. Insolvency, the making of a transfer in fraud of creditors, or the making of an <br />assignment for the benefit of creditors by LESSEE or any guarantor of LESSEE's <br />obligations. <br />D. Filing of a petition under any section or chapter of the National Bankruptcy Act, as <br />amended, or under any similar law or statute of the United States or any State <br />thereof by LESSEE or any guarantor of LESSEE's obligations, or adjudication as a <br />bankrupt or insolvent in proceedings filed against LESSEE or such guarantor. <br />E. Appointment of a receiver or trustee for all or substantially all of the assets of <br />LESSEE or any guarantor of LESSEE's obligations. <br />F. Abandonment by LESSEE of any substantial portion of the leased premises or <br />cessation of use of the leased premises for the purposes leased. <br />G. The filing of any lien against the leased premises resulting from any act or omission <br />of LESSEE which is not discharged or contested in good faith as determined by <br />LESSOR by proper legal proceedings within fifteen (15) days of receipt of actual <br />HanEar Lease Agreement - page 16 <br />^ Uocl1q , , <br />