HAECO definition
Examples of HAECO in a sentence
Subject to the terms and conditions more fully set forth herein, Lake City hereby leases to HAECO and HAECO hereby leases from Lake City the “Leased Premises”, which shall consist of the Property described in EXHIBIT A including the hangars, buildings and other improvements thereon.
Rights not specifically granted to HAECO by this Lease are expressly and independently reserved to Lake City.
Lake City may, within thirty (30) days after receiving such notice, decline to allow a Permitted Holdover by delivering written notice thereof to HAECO.
During the term of this Agreement, HAECO may claim that some or all of HAECO's information, including, but not limited to, software, documentation, manuals, written methodologies and processes, pricing, discounts, or other considerations (hereafter collectively referred to as "Confidential Information"), is, or has been treated as, confidential and proprietary by HAECO in accordance with Section 812.081, Florida Statutes, or other law, and is exempt from disclosure under the Public Records Act.
All payments due Lake City as provided for in Article 6, shall remain due and payable during any period operations at the Leased Premises cease or are suspended and HAECO shall continue to maintain the Leased Premises, keep utilities and services in place, and maintain limited maintenance and security personnel.
In the event ▇▇▇▇▇ delivers a worthless check or draft to Lake City in payment of any obligation arising under this Lease, HAECO shall incur a service charge of up to forty dollars ($40.00) or five percent (5%) of the face amount of such check, whichever is greater; or, if Florida Statute § 832.07 is amended, such other fee as shall be set by said statute.
If ▇▇▇▇▇ fails to perform ▇▇▇▇▇'s maintenance responsibilities, Lake City shall have the right, but not the obligation, to perform such maintenance responsibilities, provided Lake City has first, in any situation not involving an emergency, by written notice to ▇▇▇▇▇, afforded HAECO a period of thirty (30) days within which to commence corrective action to correct the failure, which may include a corrective action plan.
HAECO shall be solely responsible for all utility charges, including without limitation natural gas, electricity, sewer, telecommunications and water used on the Leased Premises during the Term.
No other uses of the Leased Premises are permitted unless agreed to in writing by Lake City and HAECO.
If HAECO exercises one or more of its Extension Options as provided under Section 3.3, Base Rent for the initial year of the first Extended Term will be adjusted to the fair market ground and facility rent for the Leased Premises as determined by the following procedure: Lake City will propose the Base Rent for the first year of the first Extended Term no later than thirty (30) days following Lake City’s receipt of ▇▇▇▇▇’s written notice to exercise its initial Extension Option.