DocuSign Envelope ID: EF56B130-75F8-46A0-B4ED-CAD7FCD4CE7E
Lease, depreciation, and wear from ordinary use for the purpose for which the Premises were leased being excepted. In the event Tenant shall holdover, refuse, or fail to give up the possession of the Premises at the termination of this Lease, Tenant shall be liable to Authority for all damages, and in addition thereto, Tenant shall also be strictly liable to pay to Authority during the entire time of such holdover, double rental, as provided for in Section 83.06, Florida Statutes. Tenant shall remove all its personal property from the Premises prior to the expiration or earlier termination of this Lease. Any personal property of Tenant not removed by Tenant shall become the property of Authority.
Article 15 - Assignment, Transfer and Subletting
15.01 Assignment, Transfer and Subletting. Except as otherwise provided for herein, Tenant shall not, in any manner, assign, transfer, or otherwise convey an interest in this Lease, the Premises or any portion thereof ("Assignment"), without the prior written consent of the Authority, which consent shall not be unreasonably withheld. The Authority shall not be deemed to have withheld its consent unreasonably unless the Authority has been furnished evidence, reasonably satisfactory to Authority, establishing that the proposed assignee: (a) has the financial ability to make the rental payments required under this Lease and to otherwise satisfy its financial obligations under this Lease; (b) has sufficient experience to operate in the manner required hereunder; (c) has the ability to otherwise perform all of the terms, conditions and covenants of this Lease; and (d) agrees to assume all obligations, responsibilities and liabilities of Tenant arising on and after the effective date of the Assignment. Any attempted Assignment without Authority's approval shall be null and void. In the event Authority consents in writing to an Assignment, Tenant shall have the right to assign this Lease to the extent permitted by Authority's consent to such Assignment, provided that the use of the Premises shall be limited to the same uses as are permitted under this Lease. Any permitted Assignment shall be subject to the same conditions, obligations and terms as set forth herein. Except for the subleasing of community hangar space, aircraft tie-down and aircraft ramp space, Tenant shall not sublet the Premises, or any portion thereof, without the prior written consent of Authority, which consent shall not be unreasonably withheld. The Authority may consent to subleases, entered into by Tenant, on behalf of Authority. All subleases shall be subject to the same conditions, obligations, and terms as set forth herein and Tenant shall be fully responsible for the observance by its subtenants of the terms and covenants contained in this Lease. Notwithstanding the foregoing, the consent of Authority shall not be withheld for an Assignment of this Lease in its entirety where all or substantially all of the assets of Tenant are acquired by another entity by reason of a merger, acquisition, or other business reorganization, provided that Tenant provides written notice to Authority ten (10) days prior to the change in ownership and Authority has been furnished evidence, reasonably satisfactory to Authority, establishing that the proposed assignee: (a) has the financial ability to make the rental payments required under this Lease and to otherwise satisfy its financial obligations under this Lease; (b) has sufficient experience at comparable airports to operate in the manner required hereunder; (c) has the ability to otherwise perform all of the terms, conditions and covenants of this Lease; and (d) agrees to assume all obligations, responsibilities and liabilities of Tenant arising on and after the effective date of the Assignment. Tenant shall remain primarily liable to Authority for fulfilling all obligations, terms, and conditions of this Lease, throughout the entire Term and any extension thereof, except in the event of a complete Assignment, in which event Tenant shall be released from all further obligation arising subsequent to such Assignment; provided that Tenant's assignee agrees in writing to be fully bound by the terms and provisions of this Lease from and after the effective date of such Assignment. Authority may freely assign this Lease at any time without the consent of Tenant, and upon assumption by
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