Reconduction. Once the initial term of this Lease has expired, if the LESSEE does not exercise any of its subsequent options to extend, or once any extension of this Lease has expired the Lease shall terminate on the expiration date of the term then in effect and LESSEE shall surrender possession of the premises under the provisions of Section 7 of this Lease.
Appears in 2 contracts
Sources: Aeronautical Hangar Lease Agreement, Airport Lease Agreement
Reconduction. Once the initial term of this Lease has expired, if the LESSEE does not exercise any of its subsequent options to extend, or once any extension of this Lease has expired the Lease shall terminate on the expiration date of the term then in effect and LESSEE ▇▇▇▇▇▇ shall surrender possession of the premises under the provisions of Section 7 of this Lease.
Appears in 1 contract
Sources: Airport Lease Agreement