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1992-12-14 Regular Meeting
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1992-12-14 Regular Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
12/14/1992
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<br /> e e <br /> . . <br /> the laws of the state of Texas. <br /> 5. In the event that any repairs, alterations, additions, or <br /> improvements are made, in, on or to the Leased Premises by reason <br /> of the use and occupancy of the Leased Premises by the Lessee, then <br /> the Lessee covenants and agrees to make such repairs, alterations, <br /> additions, or improvements in, on or to the Leased Premises at its <br /> own expense. The Lessee covenants and agrees to indemnify and save <br /> harmless Lessor from and against all expenses, liens, claims, or <br /> damages to either persons or property which mayor might arise by <br /> reason of any repairs, alterations I additions, or improvements made <br /> by the Lessee in, on or to the Leased Premises. <br /> ARTICLE VIII - TERMINATION OF LESSE~ <br /> 1- In addition to all other remedies available to the Lessee, this <br /> Agreement and Lease shall be subject to cancellation by the Lessee <br /> should anyone or more of the following events occur: <br /> A. The permanent abandonment of the Airport. <br /> B. The issuance by any court of competent jurisdiction of <br /> any injunction preventing or restraining the use of the <br /> Airport in such manner as to substantially restrict the <br /> Lessee from conducting its fixed base operation, and the <br /> remaining in force of such injunction for at least sixty <br /> (60) days. <br /> C. The breach by the Lessor of any of the terms, covenants, <br /> or conditions of this Agreement and Lease to be kept I <br /> performed, and observed by the Lessor, and the failure <br /> of the Lessor to remedy such breach for a period of sixty <br /> (60) days after written notice from the Lessee of the <br /> existence of such breach. <br /> D. The assumption by the united states Government, or any <br /> authorized agency thereof, of the operation, control or <br /> use of the Airport and its facilities in such a manner <br /> as to substantially restrict the Lessee from conducting <br /> its operation, if such restrictions be continued for a <br /> period of three (3 ) months or more. <br /> ARTICLE IX - TERMINATION BY LESSO~ <br /> 1- In addition to all other remedies available to the Lessor, this <br /> Agreement and Lease shall be subject to cancellation by the Lessor <br /> should anyone or more of the following events occur: <br /> A. If the Lessee shall file a petition of bankruptcy; or if <br /> proceedings in bankruptcy shall be instituted against it <br /> and it is thereafter adjudicated a bankrupt pursuant to <br /> proceedings; or if a court shall take jurisdiction of the <br /> 10 <br /> I <br />
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