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<br />JON.:_ 17. That the LESSOR may, at its option, terminate this Lease as to the entire tract, or.' r►;f:'`, (�,r�z'�i31 3
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<br />any part thereof, which may be necessary, in the event the LESSOR desires to use the property;'
<br />+j %� ?,'':' or any portion thereof, for necessary
<br />municipal functions, such as extension of runways or
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<br />q,,, '! „• erection of other airport fa
<br />. cilities. In the event of either of the above contingencies, the LESSOR+
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<br />shall give the LESSEES ninety (90) days notice, in writing, of its intention to so utilize the tract; , ,. u ti,,;i't; ,Ity.�i1 S(,.,... r ;
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<br />_r any portion thereof, for the above specified purposes. In the event of either of the
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<br />1{ 1 contingencies, the LESSOR shall have the option pursuant to Paragraph 19 of this Lease to satisfy
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<br />'1'YiS, "fri;� . •its obligation of compensation to LESSEES. *;Yr�,•,
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<br />18. In the event LESSEES shall keep each and every agreement contained herein and do
<br />and perform all the obligations required of them hereunder during the
<br />1 , o primary term of this Lease, • ` o/ 1;. `•';lt.
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<br />1px}, an option is hereby given and granted to LESSEES to renew and extend this Lease for a period '1�{`• ;�lli+,lhp +,
<br />of FIVE (5) years from and after the expiration of this agreement, which option may be`exerc%sed
<br />by LESSEES giving notice, in writing, of their intention to renew said lease ninety (90) days prior'
<br />to the expiration of the primary term hereof, and shall be under such terms as previously 'd,`'',;i:;;:` a s'i +'�ir'r
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<br />provided.
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<br />further, in the event LESSEES shall keep each and every agreement contained herein and
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<br />do and perform all the obligations required of them hereunder during the first option of this Lease; �' 'i ;,;„', r 1, ibrr 7r,
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<br />a second option is hereby given and granted to LESSEES to renew and extend this Lease for
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<br />Istt+r'S' �;�' period of FIVE (5) years from and after the expiration of said first option, which second option +•' +;�' `'�t rr�a�,.?kr'
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<br />LE giving notice, in writing, of their intention to renew sai
<br />may be exercised by L d lease” �+,' ;�,,���,0� #yakt
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<br />ninety (90) days prior to the expiration of the first option hereof, and shall be under such ;
<br />-as, previously provided. - 't r -•;r lr''�'!4'i�r�' _ i
<br />19. In the event of a termination of this Lease by the City of Paris, as permitted herein ,4; ;:;^'iix„�. ts�:''t '-1
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<br />' during the primary term of said Lease, the City of Paris will be obligated to pay to LESSEES 1/35
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<br />=i'jjl.1'ji! -. of the original cost of said hangar and apron and the cost of any renovations of repairs thereto 5x,y1t..tt
<br />•'made under this Lease, multiplied by the number o'f years remaining in the primary term of tliis
<br />Lease which ends November 30 2014. In the alternative in lieu of payment for termination r r
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<br />during the primary term of this Lease, the City of Paris may agree to give LESSEEShangar space
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<br />of equal quality, size and usefulness, at no expense to LESSEES, for the remainder of the primary Fig ��_ f' .9
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<br />Lease Agceemcnf - page G ;' 't <t ,•n�'�;r�''�•" '
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