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2012-022 RES APPROVING ASSIGNMENT OF GROUND LEASE BETWEEN WILIAM T BOOTHE AND MAGNUM PERFORMANCE FOR HANGAR AT COX FIELD AIRPORT
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2012-022 RES APPROVING ASSIGNMENT OF GROUND LEASE BETWEEN WILIAM T BOOTHE AND MAGNUM PERFORMANCE FOR HANGAR AT COX FIELD AIRPORT
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period of thirty (30) days after the payments become due, then LESSEE shall be in default under <br />this Lease. <br />47. Notwithstanding the foregoing, no failure to perform or delay in performance <br />which is caused by any war, civil disorder, or other national emergency or which is due to an <br />intervening act of God shall be deemed an event of default during the pending of the force majeure <br />event. <br />48. In addition to the termination and forfeiture right described in the preceding <br />paragraph, 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 />49. No termination shall relieve the LESSEE of the obligation to deliver and perform <br />on all outstanding obligations and requirements prior to the effective date of the termination and <br />LESSEE's liabilities under this Lease shall continue. <br />50. In the event of any such termination as decribed herein, LESSOR shall have the <br />right at once and without further notice to the LESSEE to enter and take full possession of the <br />leased premises occupied by the LESSEE under this Lease. Upon the termination of this Lease for <br />any reason, LESSEE shall yield up said leased premises, facilities, fixtures, and equipment to <br />LESSOR in the same condition as when received, reasonable and ordinary wear and tear and <br />damage by the elements excepted. <br />51. In the event of the failure on the part of the LESSEE upon the termination of this <br />Lease to immediately remove from the leased premises all property owned by it, LESSOR may <br />Hanear Lease Agreement - page 18 <br />
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