Common use of Further Development Clause in Contracts

Further Development. The LESSOR reserves the right to further develop or improve the landing area and any or all other areas at the Airport as it deems proper. Any material change in LESSEE's use or enjoyment of the leased premises or the efficient operation of it's business thereon shall require renegotiation of the agreement, or, LESSEE may, at its option and with 90 days written notice to XXXXXX, terminate this agreement.

Appears in 3 contracts

Samples: Airport Hangar Lease, Airport Hangar Lease, Airport Hangar Lease

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Further Development. The LESSOR reserves the right to further develop or improve the landing area and any or all other areas at the Airport as it deems proper. Any material change in LESSEE's use or enjoyment of the leased premises or the efficient operation of it's business thereon shall require renegotiation of the agreement, or, LESSEE may, at its option and with 90 days written notice to XXXXXXLESSOR, terminate this agreement.

Appears in 1 contract

Samples: Airport Hangar Lease

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Further Development. The LESSOR reserves the right to further develop or improve the landing area and any or all other areas at the Airport as it deems proper. Any material change in LESSEE's use or enjoyment of the leased premises or the efficient operation of it's its business thereon shall require renegotiation of the agreement, or, LESSEE may, at its option and with 90 days written notice to XXXXXXLESSOR, terminate this agreement.

Appears in 1 contract

Samples: Airport Hangar Lease

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