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 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, or the relocation of Lessee, the Lessor agrees to provide comparable hangar space and similar facilities for the Lessee at no additional cost to 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 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. 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. LESSOR, in its sole discretion, reserves the right to further develop or improve the aircraft operating area and other portions of the Airport, including the right to remove or relocate any structure on the Airport, as it sees fit, and to take any action it considers necessary to protect the aerial approaches of the Airport against obstructions. Such development may include, but not be limited to, periodic temporary closures of airport facilities, equipment, pavement, or roadways without violation of any of the terms and conditions of this Lease. In the event LESSOR requires the use of all or any portion of the Leased Premises for expansion, improvement, or development of the Airport, or protection of the aerial approaches to the Airport, LESSOR reserves the right, on six (6) months’ notice, at LESSOR’s sole expense, to replace the Leased Premises with equivalent land, buildings and improvements, including, without limitation, the Fuel Farm, at another location on the Airport that is substantially equivalent to the existing location of the Leased Premises; to move and install buildings to that new location or at LESSOR’s option to reconstruct at that new location buildings and improvements, including, without limitation, the Fuel Farm, that are substantially equivalent to the buildings and improvements being leased herein; to conduct that relocation, installation and reconstruction in a time and manner that minimizes to the extent practicable the disruption to the operations of LESSEE; and to reimburse LESSEE for all reasonable out-of-pocket costs incurred as a result of the disruption to its operation from that relocation, installation and reconstruction. The Rent shall be entirely abated during any period of time LESSEE is unable to conduct normal aviation operations.
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 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.
