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2022-103
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2022-103
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Entry Properties
Last modified
7/13/2022 3:08:46 PM
Creation date
6/20/2022 10:51:15 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Lease
Approved Date
06/07/2022
Control Number
2022-103
Agenda Item Number
8.I.
Entity Name
City of Vero Beach
Subject
On Airport Lease with Emergency Services District “Fire Station 3” at
Vero Beach Regional Airport to provide ARFF services
required by the Federal Aviation Administration (FAA)
Document Relationships
2022-101
(Agenda)
Path:
\Official Documents\2020's\2022
2022-102
(Agenda)
Path:
\Official Documents\2020's\2022
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A TRUE COPY TRUE COPY <br />`=�°�'FICATION ON LAST PAGE CERTIFICATION <br />SMITH, CLERK RON LAST PAGE <br />J.R, SMITH, CLERK <br />(k) Should the TENANT, at any time during the term of this Lease Agreement, <br />suffer or permit an involuntary or voluntary petition in bankruptcy to be filed against it, or <br />institute a proceeding under Chapters 7, 11, or 13 of the United States Bankruptcy <br />Code, as they may be amended, the TENANT, and/or the TENANT'S successor in <br />interest, including but not limited to the trustee assuming or assigned the Lease <br />Agreement, shall provide adequate protection and adequate assurances of future <br />performance of the Lease Agreement as are required by the Bankruptcy Code which <br />will include but not be limited to the following: <br />(1) All monetary and non -monetary defaults existing prior to the <br />institution of the filing of the bankruptcy petition shall be cured within forty- <br />five (45) days of service of written demand made upon the TENANT by <br />the LANDLORD which will include all costs and attorney's fees expended <br />by LANDLORD to the date of the curing of the default; and <br />(2) An additional one month of advance rental will be required <br />as additional security of future performance which must be paid to the <br />LANDLORD within forty-five (45) days of the filing of the petition in <br />bankruptcy; and <br />(3) All obligations of the TENANT must be performed in <br />accordance with the terms of the Lease Agreement. <br />If at any time during the pendency of the bankruptcy proceeding, the TENANT or its <br />successor in interest fails to perform any of the monetary or non -monetary obligations <br />required under the terms of the Lease Agreement, or fails to cure any pre -filing default, <br />or fails to make the additional security deposit required under the adequate protection <br />and adequate assurances of future performance clause above, the TENANT and/or its <br />Page 22 of 38 <br />N:\Client Docs\Airport\Attachment B\2016. February. 16. ATTACHMENT B.docx <br />
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