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06-B Knox Ground Lease
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06-B Knox Ground Lease
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Last modified
11/17/2005 11:15:07 AM
Creation date
6/24/2005 12:36:40 PM
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AGENDA
Item Number
06-B Knox Lease
AGENDA - Type
RESOLUTION
Description
Knox Ground Lease - Cox Field Airport
AGENDA - Date
6/27/2005
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<br />33. <br /> <br />That LESSEE will not use, or permit the use of, said leased premises, or any part <br /> <br />thereof, for any purpose which is determined dangerous or hazardous to the Airport operation by <br /> <br />Airport Manager. <br /> <br />34. <br /> <br />this Lease: <br /> <br />A. <br /> <br />B. <br /> <br />c. <br /> <br />D. <br /> <br />E. <br /> <br />F. <br /> <br />G. <br /> <br />That the following events shall be deemed to be events of default by LESSEE under <br /> <br />Failure of LESSEE to pay any lease payment or any other sum payable to LESSOR <br /> <br />hereunder on the date that same is due and such failure shall continue for a period of <br /> <br />thirty (30) days. <br /> <br />Failure of LESSEE to comply with any term, condition, or covenant of this Lease <br /> <br />other than the lease payment or other sum of money, and such failure shall not be <br /> <br />cured within thirty (30) days after written notice thereof to LESSEE. <br /> <br />Insolvency, the making of a transfer in fraud of creditors, or the making of an <br /> <br />assignment for the benefit of creditors by LESSEE or any guarantor of LESSEE's <br /> <br />obligations. <br /> <br />Filing of a petition under any section or chapter of the National Bankruptcy Act, as <br /> <br />amended, or under any similar law or statute of the United States or any State thereof <br /> <br />by LESSEE or any guarantor of LESSEE' s obligations, or adjudication as a bankrupt <br /> <br />or insolvent in proceedings filed against LESSEE or such guarantor. <br /> <br />Appointment of a receiver or trustee for all or substantially all of the assets of <br /> <br />LESSEE or any guarantor of LESSEE's obligations. <br /> <br />Abandonment by LESSEE of any substantial portion of the leased premises or <br /> <br />cessation of use of the leased premises for the purposes leased. <br /> <br />The filing of any lien against the leased premises resulting from any act or omission <br /> <br />Ground Lease Ae:reement - page 20 <br /> <br />I <br />
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