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KIT` ITAS t OUNT1 AIRPORT <br />20. BANKRUPTCY: It is further agreed and understood that in case of the insolvency <br />or bankruptcy of the Lessee, or any assignment for the benefit of creditors or the <br />appointment of a receiver for the Lessee, this lease shall be immediately forfeited <br />and shall be of no further force and effect, and that the Trustee in Bankruptcy, <br />Receiver, or Assignee for the benefit of creditors shall not have any rights <br />whatsoever in the demised premises. <br />21. DEFAULT: In the event the Lessee shall fail to comply with any of Lessee's <br />commitments, duties or responsibilities under this lease, or any of its conditions or <br />terms as herein stated, the Lessor may terminate this lease by giving ten (10) days <br />written notice of the conditions or terms being violated. If said failures are not <br />corrected within the ten (10) day period, this lease may be terminated and the <br />Lessor shall be entitled to peaceably retake possession of the premises. <br />22. MODIFICATION OR TERMINATION: Lessee and Lessor agree that Lessor may, <br />at Lessor's sole discretion, modify the terms of this lease in whole or in part, <br />including but not limited to any term or condition of this lease, including cancelling <br />the unexpired portion of this lease and re -letting the property to another tenant, in <br />the event that any regulation governing airports or county property is amended in a <br />way that impacts the Lessor's ability to lease, use, control, protect, or maintain the <br />Property. For the purposes of this section, "regulation" is defined to include, but is <br />not limited to: case law interpreting any rule or regulation; any federal rules and <br />regulations, including Federal Aviation Administration rules and regulations; state <br />rules and regulations; and local rules, regulations and ordinances. <br />In the event that Lessor shall elect to modify or terminate this lease, Lessor shall do <br />so only upon one hundred twenty (120) days written notice, notifying Lessee, at <br />Lessee's address of record, that the lease to which this applied is being so modified <br />or terminated. <br />Upon receipt of such notification, and in the event the notification specified <br />modification of the lease short of termination, Lessee shall have sixty (60) days in <br />which to notify Kittitas County of Lessee's intention to continue the lease as <br />modified or of Lessee's intention to treat the lease as terminated. <br />In the event that Lessee elects to treat the lease as terminated, all rents shall be <br />pro -rated to the date Lessee shall have restored the premises to the Lessor in <br />accordance with the terms of the lease agreement governing Lessee's duties to <br />restore the premises to Lessor upon expiration of the lease term. <br />It is further agreed that neither such modification or termination of this lease nor any <br />subsequent re -letting of the premises, in whole or in part, shall give rise to any <br />cause of action for damages or any other form of relief by Lessee against Lessor or <br />any successor lessee. <br />In the event of such modification or termination, Lessee understands that other than <br />a refund of any unearned rent prorated to the date Lessee has restored the <br />___ <br />