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<br />e <br /> <br />.' <br /> <br />.: <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />-9- <br /> <br />have exercised said opti-on(s) on anyone (1) or more, or all of <br />said third'-party leasesJ at which time the rights and options <br />granted to LESSEE under this paragraph shall terminate; providedJ <br />howeverJ LESSEE'S rights hereunder shall in any event terminate <br />on December 31J 1985.In the event of the exercise by LESSEE of <br />any of the options contained in this paragraphJ LESSOR obligates <br />itself to execute and deliver to LESSEEJ a proper assignment of <br />, I I'. <br /> <br />any such third-party lease. Nothing herein contained shall <br />obligate LESSEE to become the assignee of LESSORJ on any of <br />LESSOR'S subsequent third-party lease agreements of premises at <br />the AirportJ but LESSEE shall merely have the option to become <br />such assigneeJ as herein provided. Any refusal by LESSEE to <br />become the assignee of ,any of LESSOR'S third party lease agree- <br />ments.shall be deemed a-release by LESSEE of any rights which it <br />may then have under Paragraph III of that certain agreement <br />between LESSOR and LESSEEJ dated January lJ 1966J to lease the <br />area described in any such third-party lease. <br /> <br />xx. <br /> <br />Failure on the part of the LESSEE to perform any of <br />the termsJ agreementsJ conditions and covenants imposed by this <br /> <br />lease shallJ at the option of the LESSORJ cancel the lease and <br />all rights of LESSEE shall be thereupon terminated and all <br />buildings and permanent improvements placed on said Airport by <br />LESSEE shall become the property or the LESSOR; provided, howeverJ <br />LESSEE shall have sixt~ (60) days written notice from LESSOR <br />in which to correct any default before cancellation, except that <br />no notice shall be required for failure to pay any installment <br />of rental'as herein provided. In the event that LESSEE fails to <br />correct any such default during such sixty (60) day periodJ LESSORJ <br />its agents or attorneysJ shall have the right to re-enter and <br />remove all persons therefrom without being deemed guilty of any <br />manner of trespass and without prejUdice to any remedies for <br />arrears of rent or breach of. covenantJ or LESSORJ its agents or <br />attorneys, may resume possession of the premises and re-let the <br />