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23-Construction of a hangar at Cox Field
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23-Construction of a hangar at Cox Field
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Last modified
8/23/2012 8:20:14 AM
Creation date
6/19/2009 6:53:37 PM
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AGENDA
Item Number
23
AGENDA - Type
AGENDA
Description
Private Hanger Lease
AGENDA - Date
6/22/2009
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notice by LESSEE, unless LESSEE posts a bond within this time period equal to <br />the amount of the lien. <br />In the event of any default by the LESSEE that is not cured within thirty (30) days of <br />receiving notice from LESSOR, LESSOR may, in addition to any other remedies available to it, <br />terminate this Lease. If the default concerns a failure to make payments to LESSOR, however, no <br />written or other notice of default shall be required. If payments to LESSOR are in arrears for a <br />period of thirty (30) days after the payments become due, then LESSEE shall be in default under <br />this Lease. <br />Notwithstanding the foregoing, no failure to perform or delay in performance which is <br />caused by any war, civil disorder, or other national emergency or which is due to an intervening act <br />of God shall be deemed an event of default. <br />In addition to the termination and forfeiture right described in the preceding paragraph, <br />LESSOR shall have the following rights and remedies upon default by LESSEE: <br />A. The recovery of any unpaid rent, fees, and other payments due and owing at the <br />time of termination, plus any unpaid rent and fees that would have been earned and <br />other payments that would have been made if the Lease had not been breached by <br />LESSEE. <br />B. The recovery of any damages, costs, fees, and expenses incurred by LESSOR as a <br />result of the breach of the Lease by LESSEE, including reasonable attorneys' fees <br />and expenses. <br />C. The right to remove all persons and personal property from the leased premises, <br />and the right to recover costs and expenses incurred by LESSOR in the removal and <br />storage of LESSEE's property from the leased premises. <br />D. Any other right or remedy, legal or equitable, that LESSOR is entitled to under <br />applicable law. <br />No termination shall relieve the LESSEE of the obligation to deliver and perform on all <br />outstanding obligations and requirements prior to the effective date of the termination and <br />LESSEE's liabilities under this Lease shall continue. <br />In the event of any such termination as above enumerated, LESSOR shall have the right at <br />once and without further notice to the LESSEE to enter and take full possession of the leased <br />Hangar Lease Agreement - page 17 <br />. 6 t) U 1 Q" f) <br />
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