Contracts & Agreements_05-25 AIR

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B. A statement that the Tenant's right to use the Hangar will terminate on a specified date (not less than fourteen (14) days after the mailing of the notice) unless all surns due are paid by the Tenant prior to the specified date; C. A notice that the Tenant may be denied access to the Hangar after the termination date if the sums are not paid, and that the City's lien may be imposed thereafter; and D. The name, street address and telephone number of the City whom the Tenant may contact to respond to the notice. E. if a Preliminary Lien Notice of the type set forth above has been sent, and the total sum due has not been paid as of the date specified in the notice, then a lien imposed by the California Self -Service Storage Facility Act, Business & Professions Code Section 21700, et seq., shall be attached as of the date specified, and the City may deny Tenant access to the Hangar, enter the Hangar, and remove any property found therein to a place of safekeeping. The City shall be entitled to exercise all rights provided by the California Self -Service Storage Facility Act, Business & Professions Code Section 21700, et seq., including, when appropriate, the right to sell the Tenant's property in order to satisfy the City's lien. The rights provided by this Agreement and by the California Self -Storage Facility Act shall be in addition to and shall not limit all other rights provided by law to a creditor. 4.3 - Manner of Payment of Rent. Monthly rent for any partial month shall be prorated at the rate of 1/30th of the monthly rent per day. The monthly rent and any applicable late charges payable by Tenant hereunder shall be paid by Tenant without notice, demand or offset at the office of the Airport Manager at the Airport, or at such other place as may from time to time be designated by City. 4.4 Lien on Aircraft. In the event Tenant fails to pay City amounts due under this Agreement, City shall have the right to secure a lien against Tenant's Aircraft for such unpaid amounts. City may sell Tenant's Aircraft at auction to satisfy the lien if Rent and/or other charges due remain unpaid for the relevant statutory period provided by applicable law, including California Code of Civil Procedure Section 1208.61, et seq. and the California Self -Service Storage Facility Act, Business and Professions Code Section 21700, et seq. 4.5 Taxes and Assessments. 4.5.1 Obligation to Pay. Tenant is responsible for and shall pay all real and personal property taxes (including any tax levied on a possessory interest, as defined in California Revenue and Taxation Code Section 107 or successor statute, if applicable), general and special assessments, and other charges of every description, levied on or assessed against the Hangar, personal property located on the land or improvements, the leasehold estate, or any subleasehold estate, falling due during the term of this Agreement. It shall be conclusively presumed that any aircraft stored at the Hangar pursuant to this Agreement shall be considered "habitually situated" therein as that tern is defined in Revenue and Taxation Code section 5362. Tenant shall make all such payments directly to the assessing authority, before delinquency and before any fine, interest or penalty shall become due or be imposed by operation of law for their nonpayment. 4.5.2 Proration for Partial Year. Any imposition of taxes referred to in Section 4.5.1 above relating to a fiscal period of a taxing authority, a part of which period is included within the term of this Agreement and a part of which is included in a period of time before the Effective Date or after the termination of this Agreement, shall be paid by Tenant as above but shall be prorated with City. HP Helicopters S1, S8 & N4 Lease agreement 2