Examples of the Port in a sentence
Each of the following shall be considered a "Default" by Tenant of this Lease: (i) If the Tenant shall fail to pay rent, leasehold excise tax, and other legitimate costs as set forth herein, after ten (10) days' written notice, the Port may, at is option, declare this Lease cancelled and forfeited, and the Tenant's right to possession ended.
In such event, Tenant shall give the Port written notice of its intention not to restore the Premises within (30) days from the date of the destruction, this Lease shall be deemed terminated as of the date of such notice, and Tenant shall release to the Port the portion of the insurance proceeds relating to Tenant's permanent improvements.
The proceeds of such sale to be applied first to the costs of such sale, second to the payment of the charges for storage, and third to the payment of any other amounts which may be then due from the Tenant to the Port.
The Tenant shall pay such deficiency upon demand by the Port after the amount thereof is ascertained by the Port.
Or the Port may place the same in a public garage or warehouse, all at the expense and risk of the owners thereof.