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.
Appears in 2 contracts
Sources: Hangar Land Lease Agreement, Hangar Land Lease Agreement