O-1972-932 - Laserfiche WebLink

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. '. -- . e e xv. LESSEE shall use due care and dil~gence in all activi- ties and operations on the premises and the Airport, and will indemni'fy and sav~ LESSOR harmless from any liabilities, loss, costs or other expense of any nature, ,caused solely by any n~gl~gence of LESS~E or any employee or ~gent.of LESSEE and without the contributory n~gligence of LESSOR. LESSOR shall give LESSEE immediate notice of any matter covered hereby and'shall forward to LESSEE every demand, notice, summons or other process received in any claim or l~gal proceedi~g covered hereby. XVI. In case of bankruptcy or insolvency on the part of LESSEE, or in case of any receiver bei~g appointed to take cha~ge of the property, or any portion of the property of LESSEE, in or upon the premises hereby leased, then and in such event the LESSOR may, at its option, declare this lease to be terminated or forfeited by the LESSEE;. and LESSOR shall be entitled in such event to the immediate possession of such premises and no receiver, trustee in bankruptcy, or ass~gns for the benefit of creditors shall acquire in any such case any of the r~ghts of the LESSEE hereunder; the landlord's lien, however, in such event, shall not cease and the liability of the LESSEE for the damages on account of any breach of any obl~gation to be performed by the LESSEE under the terms, of this lease shall continue and remain in full force and effect. XVII. Failure on the part of the LESSEE to perform any of the terms, ~greernents, conditions and covenants imposed by this lease shall, at the option of the LESSOR, cancel the lease and all r~ghts of LESSEE shall be thereupon terminated and all buildi~gs and permanent improvements placed on said Airport by LESSEE shall become the property of the LESSOR; provided, however, LESSEE shall have sixty (60) ~ays written notice from LESSOR in which to -9-