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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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Template:
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 />. <br /> <br />of LESSEE which is not discharged or contested in good faith as determined by <br /> <br />LESSOR by proper legal proceedings within fifteen (15) days of receipt of actual <br /> <br />notice by LESSEE, unless LESSEE posts a bond within this time period equal to the <br /> <br />amount of the lien. <br /> <br />In the event of any default by the LESSEE that is not cured within thirty (30) days of <br /> <br />receiving notice from LESSOR, LESSOR may, in addition to any other remedies available to it, <br /> <br />terminate this Lease. If the default concerns a failure to make payments to LESSOR, however, no <br /> <br />written or other notice of default shall be required. If payments to LESSOR are in arrears for a <br /> <br />period of thirty (30) days after the payments become due, then LESSEE shall be in default under this <br /> <br />Lease. <br /> <br />Notwithstanding the foregoing, no failure to perform or delay in performance which is caused <br /> <br />by any war, civil disorder, or other national emergency or which is due to an intervening act of God <br /> <br />shall be deemed an event of default. <br /> <br />In addition to the termination and forfeiture right described in the preceding paragraph, <br /> <br />LESSOR shall have the following rights and remedies upon default by LESSEE: <br /> <br />A. <br /> <br />The recovery of any unpaid rent, fees, and other payments due and owing at the time <br /> <br />of termination, plus any unpaid rent and fees that would have been earned and other <br /> <br />payments that would have been made if the Lease had not been breached by <br /> <br />LESSEE. <br /> <br />B. <br /> <br />The recovery of any damages, costs, fees, and expenses incurred by LESSOR as a <br /> <br />result of the breach of the Lease by LESSEE, including reasonable attorneys' fees <br /> <br />and expenses. <br /> <br />c. <br /> <br />The removal of all persons from the leased premises, and the removal and storage at <br /> <br />Ground Lease Ae:reement - page 21 <br /> <br />I <br />
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