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560K it Peu 410 10 <br />• ARTICLE IX <br />Extension of Lease <br />Section 9. 1. tion. Corporation shall have the right to <br />extend the duration of the lease of the Premises and of the rights and privi- <br />leges granted in this Agreement for an additional five (5) years, upon the <br />same terms and conditions and upon payment of the same rent as hereinabove <br />provided in this Agreement, provided that (a) Corporation shall give written <br />notice to the Commission of its intention to extend this Agreement at least six <br />months in advance of the expiration of the then existing term, and (b) Corpora- <br />tion shall not be in default at the beginning of each extended term in the per- <br />formance or observance of any obligation or duty imposed upon-it by this <br />• Agreement. <br />ARTICLE X <br />Termination <br />Section 10. 1. Option. Commission, at its option, may termi- <br />nate this Lease at any time without further liability to Corporation in any of the <br />following events, to-wit: <br />(a) Commission shall cease to use the Premises for airport <br />purposes; <br />(b) Corporation shall fail to account for and pay any rents due <br />hereunder or default in the performance of any other obligation imposed upon <br />it by the terms of this Agreement, including, in addition to other obligations <br />0 hereinabove set out: failure to have available for charter service and flight <br />instruction at least two airplanes properly certified as to air worthiness; failure <br />