Hangar. This agreement is for Hangar # , in Building # as identified on the map maintained by the City of Faribault Public Works Department.
Hangar. XXXXXX understands the primary use of the premises shall be aircraft storage. LESSEE shall comply with Federal Aviation Administration (FAA) policy on Non- Aeronautical Use of Airport Hangars as outlined in FAA Order 5190.6B and in any other guidance published by the FAA concerning the use of hangars, so as not to ultimately impede the use of the hangar for aeronautical purposes. The premises shall not be used for any commercial purposes.
Hangar. Lessee may own, construct and maintain a hangar on the Premises subject to the following conditions:
Hangar c. At Closing, Million Air shall receive a credit toward payment of the Purchase Price in an amount equal to the value of all fuel, oil, counter inventories and new or yellow-tagged training aircraft parts and excluding used or obsolete parts (with appropriate documentation verifying origin and certifying air worthiness) of Alpine included in the Alpine Assets as of Closing (the "Inventory"), in exchange for which Million Air agrees to establish in favor of Alpine a credit in equivalent amount, for which Million Air agrees to provide airplane fuel to Alpine at Million Air's fueling facilities during normal business hours and subject to availability (the "Inventory Fuel Credit"). The value of the Inventory and the amount of the corresponding Inventory Fuel Credit is currently estimated at $60,000.00, and shall be determined at Closing by agreement between Alpine and Million Air. The Inventory Fuel Credit may be redeemed for airplane fuel at the cost charged to Million Air by Million Air's supplier, plus applicable taxes and fees. The Inventory Fuel Credit may be used by Alpine at Million Air's facilities in both Salt Lake City, Utah or Provo, Utah.
Hangar. Until the expiration of the term or sooner termination of this Lease and except as specifically provided herein, Lessee shall own the hangar now existing upon the Premises, and all alterations, additions, or betterments made thereto by Lessee (“Hangar”). On the expiration of the term of this Lease, Section 37 shall govern the ownership of the Hangar. Upon any early or sooner termination of this Lease, including, without limitation, upon any termination pursuant to Section 19, title to the Hangar shall vest in and become the full and absolute property of Authority , without the payment of any consideration by Authority to Lessee.
Hangar. 2,500 Square Feet or sufficient hangar area to accommodate the largest Aircraft being maintained by Avionics or Instrument Maintenance Provider, whichever is greater.
Hangar. 10,000 Square Feet (individual hangars of no less than 1,250 Square Feet each) or sufficient hangar area to accommodate the largest Aircraft stored or being serviced by FBO, whichever is greater.
Hangar. If SASO is storing Aircraft in hangar(s) and/or performing Aircraft Maintenance that requires hangar, SASO shall have 2,500 square feet of hangar or sufficient hangar area to accommodate the largest Aircraft stored or being maintained by SASO, whichever is greater.
Hangar. Xxxx X. Hangar --------------------------- Xxxxx X. Xxx TIBCO INC. By ------------------------------- Print Name ----------------------- Its ------------------------------ TENANT ARTEMIS RESEARCH By ------------------------------- Print Name ----------------------- Its ------------------------------ If Tenant has cured a default of Landlord and is entitled to a set-off against Rent (whether pursuant to this Article XXI, Paragraph 1 or any other provision of this Lease), and the amount to be recovered by set-off exceeds One Hundred Thousand Dollars ($100,000), Tenant may require Landlord to execute, acknowledge and deliver to Tenant an interest-free promissory note in the total principal amount of the reimbursement due Tenant, payable in installments corresponding to the portions of Rent payments which Tenant is entitled to setoff but subject to acceleration and full reimbursement upon the Close of Escrow for Tenant's purchase of the Land of Building pursuant to its Purchase Option if exercised, as well as a deed of trust on the Land and Building securing such note. If Tenant has cured a default of Landlord and is entitled to a set-off against Rent (whether pursuant to this Article XXI, Paragraph 1 or any other provision of this Lease), and the amount to be recovered by set-off is such that Tenant would not recover the full amount within the remaining Original Term of this Lease, then Tenant may accelerate its Purchase Option pursuant to Article XXIX, Paragraph 2 on the following terms:
Hangar. City hereby leases to Lessee forty-nine thousand one hundred eighty-seven (49,187) square feet of space and the adjacent vehicle parking area as identified in Exhibit B for operation of a thirty-two thousand five hundred fifty (32,550) square foot hangar as identified in Exhibit B, which is attached hereto and incorporated by reference as a part of this Agreement.
