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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 />. <br /> <br />LESSEE's expense of all property on the leased premises. <br /> <br />D. <br /> <br />Any other right or remedy, legal or equitable, that LESSOR is entitled to under <br /> <br />applicable law. <br /> <br />No termination shall relieve the LESSEE of the obligation to deliver and perform on all <br /> <br />outstanding obligations and requirements prior to the effective date of the termination and LESSEE's <br /> <br />liabilities under this Lease shall continue. <br /> <br />In the event of any such termination as above enumerated, LESSOR shall have the right at <br /> <br />once and without further notice to the LESSEE to enter and take full possession of the leased <br /> <br />premises occupied by the LESSEE under this Lease. Upon the termination of this Lease for any <br /> <br />reason, LESSEE shall yield up said leased premises, facilities, fixtures, and equipment to LESSOR <br /> <br />in the same condition as when received, reasonable and ordinary wear and tear and damage by the <br /> <br />elements excepted. <br /> <br />In the event of the failure on the part of the LESSEE upon the termination of this Lease to <br /> <br />immediately remove from the leased premises all property owned by it, LESSOR may effect such <br /> <br />removal and store such property at LESSEE's expense. LESSEE further covenants and agrees to pay <br /> <br />and discharge all reasonable costs, attorney's fees, and expenses that may be incurred by LESSOR <br /> <br />in enforcing the covenants, conditions, and agreements of this Lease, re-entering and! or repossessing <br /> <br />the leased premises, restoring the leased premises to good and proper repair/order, protecting the <br /> <br />leased premises, and obtaining a new tenant. <br /> <br />The failure of LESSOR to declare this Lease terminated for any of the reasons set out above <br /> <br />shall not bar the right of LESSOR to subsequently terminate this Lease for any of the reasons set out <br /> <br />above. Further, the acceptance of rents, fees, or other payments due and owing to LES SO R for any <br /> <br />period after a default of any of the terms, covenants, or conditions by LESSEE shall not be deemed <br /> <br />Ground Lease Ae:reement - page 22 <br />
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