Airport Development. Regardless of the term of this lease, Lessor, at Lessor’s discretion or as a result of any orders of the State of Oregon, United States, or any other governmental unit or instrumentality having authority over the property may require the cessation of use of the specific Leased Premises for their leased purposes, prior to the expiration of this lease for the purpose of airport development. At Lessor’s option and expense, Lessor shall either (1) dismantle and move to another leasable premises on the Airport property, and there re-erect Lessee’s improvement(s) or, (2) purchase Lessee’s improvement for fair market value as determined below. If Lessor acts under the first option, the lease reference to location of the Leased Premises shall change, and all other remaining terms of the expired lease shall continue in full force and effect. Fair market value under the second option shall be for an amount not less than the fair market value of the improvement immediately prior to determination as determined by an appraisal conducted by an independent appraiser engaged by Lessor. Specifically, the appraiser shall not determine salvage value, but rather the fair market value of the improvement, assuming the Airport was to remain in existence or the party to continue to use the leased area. Purchase price shall be determined and all funds transferred within 180 days of termination. Obligations of removal shall be Lessor’s. This action does not eliminate any obligations of Lessee as a result of any liability or indemnification obligations as set forth in other provisions of this lease.
Airport Development. City reserves the right to further develop or improve the Airport as it sees fit, regardless of the desires or views of the Tenant and without interference or hindrance from Tenant.
Airport Development. The Lessor reserves the right to further develop or improve the landing area of the airport as it sees fit, regardless of the desires or view of the Lessee, and without interference or hindrance. If development of the airport requires the relocation of the Lessee, the Lessor agrees to provide a compatible location and agrees to relocate all buildings or provide similar facilities for the Lessee at no cost to the Lessee.
Airport Development. The Authority reserves the right to further develop or improve the landing area as it sees fit, regardless of the desires or views of Contractor and without interference or hindrance.
Airport Development. The Authority reserves the right to further develop or make improvements to the landing area of the Airport, the Airport Facilities, or any other area of the Airport, as the Authority deems fit or proper in its sole discretion, without interference or hindrance by Tenant.
Airport Development. The Sublessor, at its sole discretion, shall determine and may from time to time change the routes of surface ingress and egress to and from the Subleased Premises, but agrees to locate such routes as conveniently as may be done for Sublessee, having in mind the reasonable requirements of the Sublessor with respect to the operation of the SCLA. Notwithstanding the above, if the rerouting of such ingress and egress routes significantly disrupts the normal operations of Sublessee such that it results in material financial detriment to Sublessee, then Sublessee shall have the right to terminate this Sublease.
Airport Development. The Lessor reserves the right to further develop and improve the airport as Lessor sees fit, regardless of the desires or views of the Lessee, and without interference or hindrance from the Lessee. If the development of the airport requires the removal and/or relocation of the Lessee's hangar building(s), the Lessor and Lessee agree that such removal and/or relocation shall occur pursuant to the following terms and conditions: The Lessor will provide the Lessee with written notice at least 180 days prior to said removal and/or relocation, and The Lessor shall, in the Lessor's sole discretion, either Pay a third party to relocate the Lessee's building(s) to a new location on the airport, or pay the Lessee the fair market value of the building(s)
Airport Development. The County has the right, but shall not be obligated to Lessee, to develop or improve the landing areas and other portions of the Airport as it sees fit, regardless of the desires or views of the Lessee, and without interference or hindrance. If the development of the Airport requires it, the County has the right to either (1) substitute another parcel of land for the Leased Premises, and relocate Lessee’s improvement(s) to that new parcel at no cost to the Lessee, or (2) purchase Lessee’s improvements at fair market value, and terminate this Agreement. In the event of a substitution and relocation or a purchase and Agreement termination as permitted by this section, the County shall have no liability to the Lessee for any loss, expense, damage or cost of any nature whatsoever that results from or is occasioned by the substitution and relocation or the purchase and Agreement termination.
Airport Development. A Signatory Airline through its AAC chairman shall have the right to review and comment upon the proposed Capital Expenditure(s) with a local share in excess of one hundred thousand dollars ($100,000.00) when provided with the Authority’s proposed budget as provided in Section 6.08. If requested by the AAC chairman, Xxxxxxxxx agrees to meet with the interested airlines at a mutually convenient time for the purpose of discussing its planned Capital Expenditures that will impact airline fees. In advance of said meeting, Authority shall make available to the airlines any reasonably requested additional information relating to the determination of the proposed fees. Authority agrees to fully consider the comments and recommendations of the Signatory Airlines.
Airport Development. The Lessor has the right, but shall not be obligated to Advertiser, to develop or improve the landing areas and other portions of the Airport as it sees fit, regardless of the desires or views of the Advertiser, and without interference or hindrance.
