Airport Development or Change of Use Sample Clauses

Airport Development or Change of Use. The Lessor has the following rights: 1. To develop or improve the landing areas and other portions of the Airport as it sees fit in Lessor’s exclusive discretion, regardless of the desires or views of the Lessee, and without interference or hindrance. If the development of the Airport requires the land covered under this lease, the Lessor shall have the right to either: (a) 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 (b) Purchase Lessee’s hangar at its fair market value, as established by the City Assessor, and terminate this Agreement. In the event of a substitution and relocation or a hangar purchase and Agreement termination as permitted by this section, the Lessor shall have no liability to the Lessee for any loss, expense, damage or cost of any nature, except as defined herein. 2. To change the use of the lands within the Airport to other uses. If Lessor eliminates the Airport, Lessor shall have the obligation to purchase Lessee’s hangar at its fair market value, as established by the City Assessor, and terminate this Agreement.
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Airport Development or Change of Use. The Lessor has the following rights: 1. To develop or improve the landing areas and other portions of the Airport as it sees fit in Lessor’s exclusive discretion, regardless of the desires or views of the Lessee, and without interference or hindrance. If the development of the Airport requires the land covered under this lease, the Lessor shall have the right to either: (a) 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 991292-8leb-130804kka Hangar Land Lease Agr (081304) (b) Purchase Lessee’s hangar at its fair market value, as established by the City Assessor, and terminate this Agreement. In the event of a substitution and relocation or a hangar purchase and Agreement termination as permitted by this section, the Lessor shall have no liability to the Lessee for any loss, expense, damage or cost of any nature, except as defined herein. 2. To change the use of the lands within the Airport to other uses. If Lessor eliminates the Airport, Lessor shall have the obligation to purchase Lessee’s hangar at its fair market value, as established by the City Assessor, and terminate this Agreement.
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Related to Airport Development or Change of Use

  • Change of Scope (i) The Authority may, notwithstanding anything to the contrary contained in this Agreement, require the Contractor to make modifications/ alterations to the Works (“Change of Scope”) within a period of six months counted from the Appointed Date. Upon the Authority making its intention known to the Contractor for the specific Change of Scope, be it positive or negative, the Contractor shall submit his proposal for the said Change of Scope involving additional cost or reduction in cost. Any such Change of Scope shall be made and valued in accordance with the provisions of this Article 13. (ii) Provided that any such Change of Scope, excluding major structures (e.g. Major Bridge/ ROB/ RUB/ Flyover/ elevated road of more than 50 m length) may be required and agreed to be executed between the parties beyond the period of six months of the Appointed Date but before expiry of 50% of the original Scheduled Construction Period of the Project Highway, subject to the condition that it shall not entail any claims (e.g. Extension of Time/ Prolongation related claims), against the Authority. (iii) The Change of Scope shall mean the following: (a) change in specifications of any item of Works; (b) omission of any work from the Scope of the Project except under Clause 8.3 (iii); provided that, subject to Clause 13.5, the Authority shall not omit any Work under this Clause in order to get it executed by any other authority; and / or (c) any additional Work, Plant, Materials or services which are not included in the Scope of the Project, including any associated Tests on completion of construction.