Common use of Termination by Xxxxxx Clause in Contracts

Termination by Xxxxxx. ‌ 12.1.1. Lessee, if current and not in default or breach of this Agreement (in good standing) and subject to providing written notice to Lessor, Lessee may terminate this Agreement after the occurrence of one or more of the following events: 12.1.1.1. permanent abandonment or closure of the Airport. 12.1.1.2. the lawful assumption by the United States Government, or any authorized Agency thereof of the operation, control, use, or occupancy of the Airport, or any substantial part or parts thereof, in such manner as to substantially restrict Lessee’s Non-Commercial Aeronautical Activities at the Airport for a period of at least 90 days. 12.1.1.3. the default by Lessor in the performance of any covenants, conditions, obligations, and agreements contained herein required to be performed by Xxxxxx and the failure of Lessor to remedy such default for a period of 30 days after receipt from Lessee of written notice to remedy same.

Termination by Xxxxxx. ‌ 12.1.112.1. Lessee, if current and not in default or breach of this Agreement (in good standing) and subject to providing written notice to Lessor, Lessee may terminate this Agreement after the occurrence of one or more of the following events: 12.1.1.112.1.1. permanent abandonment or closure of the Airport. 12.1.1.212.1.2. the lawful assumption by the United States Government, or any authorized Agency thereof of the operation, control, use, or occupancy of the Airport, or any substantial part or parts thereof, in such manner as to substantially restrict Lessee’s Non-Commercial Aeronautical Activities at the Airport for a period of at least 90 days. 12.1.1.312.1.3. the default by Lessor in the performance of any covenants, conditions, obligations, and agreements contained herein required to be performed by Xxxxxx and the failure of Lessor to remedy such default for a period of 30 days after receipt from Lessee of written notice to remedy same.

Termination by Xxxxxx. ‌ 12.1.1. Lessee, if current and not in default or breach of this Agreement (in good standing) and subject to providing written notice to Lessor, Lessee may terminate this Agreement after the occurrence of one or more of the following events: 12.1.1.1. permanent abandonment or closure of the Airport. 12.1.1.2. the lawful assumption by the United States Government, or any authorized Agency thereof of the operation, control, use, or occupancy of the Airport, or any substantial part or parts thereof, in such manner as to substantially restrict Lessee’s Non-Commercial Aeronautical Activities at the Airport for a period of at least 90 days. 12.1.1.3. the default by Lessor in the performance of any covenants, conditions, obligations, and agreements contained herein required to be performed by Xxxxxx Lessor and the failure of Lessor to remedy such default for a period of 30 days after receipt from Lessee of written notice to remedy same. 12.1.2. Upon termination by Xxxxxx, Lessee shall remove the Improvements owned by Xxxxxx and return of the effected portion(s) of the Leased Premises to its original condition and character, ordinary and reasonable wear and tear excepted.

Termination by Xxxxxx. ‌ 12.1.1. Lessee, if current and not in default or breach of this Agreement (in good standing) and subject to providing written notice to Lessor, Lessee may terminate this Agreement after the occurrence of one or more of the following events: 12.1.1.1. permanent abandonment or closure of the Airport. 12.1.1.2. the lawful assumption by the United States Government, or any authorized Agency thereof of the operation, control, use, or occupancy of the Airport, or any substantial part or parts thereof, in such manner as to substantially restrict Lessee’s Non-Commercial Aeronautical Activities at the Airport for a period of at least 90 days. 12.1.1.3. the default by Lessor in the performance of any covenants, conditions, obligations, and agreements contained herein required to be performed by Xxxxxx and the failure of Lessor to remedy such default for a period of 30 days after receipt from Lessee of written notice to remedy same. 12.1.2. Upon termination by Xxxxxx, Lessee shall remove the Improvements owned by Xxxxxx and return of the effected portion(s) of the Leased Premises to its original condition and character, ordinary and reasonable wear and tear excepted.