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O-1967-772
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O-1967-772
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Last modified
11/2/2016 3:38:27 PM
Creation date
10/24/2006 12:39:44 PM
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Legislative Records
Legislative Type
Ordinance
Date
7/17/1967
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<br />e <br /> <br />. <br /> <br />-8- <br /> <br />.a~ <br />"~ <br /> <br />xv. <br /> <br />~ESSEE shall use due care and dil~gence in all activi- <br /> <br />ties and operations on the premises and the Airport, and will <br /> <br />indemni'fyand save LESSOR harmless from'any liabilities, loss, <br />costs or other expense of any nature, caused solely by any <br />n~gl~gence of LESSEE or any employee or ~gent of LESSEE and without <br />the contri~utory n~gl~gence of LESSOR. ,LESSOR shall, give LESSEE <br />immediate notice of any matter covered hereby and shall forward <br /> <br />to LESSEE every demand, notice, ,summons or other process <br /> <br />received in any claim or l~gal proceedi~g covered hereby. <br /> <br />'. <br /> <br />XVI. <br /> <br />In case of bankruptcy or insolvency on the part of <br /> <br />LESSEE, or in case of any receiver bei~g appointed to take <br /> <br />charge of the property, or any portion of the property of LESSEE, <br /> <br />in or upon the premises hereby leased, then and in such event the <br /> <br />LESSOR may, at its option, declare this lease to be terminated or <br /> <br />'.. <br />forfeited by the LESSEEi. and LESSOR shall be entitled in such event <br /> <br />to the immediate possession of such premises and no receiver, <br /> <br />trustee in bankruptcy, or assigns for the benefit of creditors <br /> <br />shall acquire in any such case any of the rights of the LESSEE <br /> <br />hereunder;, the landlord's lien, however, in such event, shall <br />~ not cease and the liability of the LESSEE for the dam~ges on <br />account of any breach of any obl~gation to be performed by the <br />LESSEE under the terms of this lease shall continue and remain <br /> <br />in full force and effect. <br /> <br />XVII. <br /> <br />Failure on the part of the LESSEE to perform any of the <br /> <br />. <br /> <br />terms, ~greements, conditions and covenants imposed by this lease <br />shall, at the option of the LESSOR, cancel the lease and all <br />r~ghts of LESSEE shall be thereupon terminated and all buildi~gs <br />and permanent improvements placed On said Airport by LESSEE shall <br />become the property of the LESSOR; provided, however, LESSEE <br />shall have sixty (60) days written notice from LESSOR in which to <br />
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