Common use of Future Development Clause in Contracts

Future Development. LESSOR reserves the right to further develop or improve the Airport in LESSOR's sole discretion, regardless of the desires or opinions of XXXXXX, except Lessor cannot cause material devaluation of Xxxxxx's property by said development. XXXXXX further reserves the right to take any action it considers necessary to protect the aerial approaches to the Airport against obstructions, together with the right to prevent LESSEE from erecting or causing to be erected any building or other structure on the leased premises which, in the opinion of the LESSOR and in its sole discretion, would limit the usefulness of the Airport or constitute a hazard to aircraft, subject to LESSEE's right to Quite Enjoyment of the leased premises under paragraph 9 herein.

Appears in 3 contracts

Samples: Ground Lease, Ground Lease, Ground Lease

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Future Development. a. LESSOR reserves the right to further develop or improve the Airport in LESSOR's sole discretion, regardless of the desires or opinions of XXXXXX, except Lessor cannot cause material devaluation of Xxxxxx's property by said development. XXXXXX further reserves the right to take any action it considers necessary to protect the aerial approaches to the Airport against obstructions, together with the right to prevent LESSEE from erecting or causing to be erected any building or other structure on the leased premises which, in the opinion of the LESSOR and in its sole discretion, would limit the usefulness of the Airport or constitute a hazard to aircraft, subject to LESSEE's right to Quite Enjoyment of the leased premises under paragraph 9 herein.

Appears in 2 contracts

Samples: Ground Lease, Ground Lease

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Future Development. a. LESSOR reserves the right to further develop or improve the Airport in LESSOR's sole discretion, regardless of the desires or opinions of XXXXXXLESSEE, except Lessor cannot cause material devaluation of XxxxxxLessee's property by said development. XXXXXX LESSOR further reserves the right to take any action it considers necessary to protect the aerial approaches to the Airport against obstructions, together with the right to prevent LESSEE from erecting or causing to be erected any building or other structure on the leased premises which, in the opinion of the LESSOR and in its sole discretion, would limit the usefulness of the Airport or constitute a hazard to aircraft, subject to LESSEE's right to Quite Enjoyment of the leased premises under paragraph 9 herein.

Appears in 2 contracts

Samples: Ground Lease, Ground Lease

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