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O-1965-731
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O-1965-731
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Last modified
11/2/2016 3:38:26 PM
Creation date
10/24/2006 11:29:23 AM
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Legislative Records
Legislative Type
Ordinance
Date
12/27/1965
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<br />. <br /> <br />. <br /> <br />. <br /> <br />:. <br /> <br />. <br /> <br />e <br /> <br />-8- <br />One Hundred Thousand Dollars ($100,000) for each accident with <br />respect to any accident occurring on the leased premises. LESSEE <br />shall furnish LESSOR certificates of all insurance coverage. <br />XVII. <br />LESSEE shall use due care and diligence in all <br />activities and operations on the premises and the Airport, and <br />will indemnify and save LESSOR harmless from any liabilities, <br />loss, costs or other expense of any nature, caused solely by <br />any negligence of LESSEE ,or any employee or agent of LESSEE and <br />without the contributory negligence of LESSOR. LESSOR shall <br />give LESSEE immediate notice of any matter covered hereby and <br />shall forward to LESSEE every demand, notice, summons or other <br />process received in any claim or legal proceeding covered hereby. <br />XVIII. <br />In case of bankruptcy or insolvency on the part of <br />LESSEE, or in case of any receiver being appointed to take <br />charge of the property, or any portion of the property of LESSEE, <br />in or upon the premises hereby leased, then and in such event <br />the LESSOR may, at its option, declare this lease to be terminated <br />or forfeited by the LESSEE; and LESSOR shall be entitled in such <br />event to the immediate possession of such premises and no receiver, <br />trustee in bankruptcy, or assigns for the benefit of creditors <br />shall acquire in any such case any of the rights of the LESSEE <br />hereunder; the landlord's lien, however, in such event, shall not <br />cease and the liability of the LESSEE for 'the damages on account <br />of any breach of any obligation to be performed by the LESSEE <br />under the terms of this lease shall continue and remain in full <br />force and effect. <br /> <br />XIX. <br />LESSOR covenants and agrees not to hereafter enter into <br />any lease, contract, or agreement, or any re-negotiation of any <br />existing leases, with any other party with respect to the Airport, <br />containing more favorable terms than this lease or to grant to <br />
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