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~ODK .1~ P, CE 404 <br />4 <br />by-laws of the Corporation-or. any material term or provision of any agree- <br />ment or instrument to which the Corporation is a party or by which it is bound, <br />or constitutes or will constitute a material breach of or a default under any <br />such agreement or instrument. <br />ARTICLE III <br />Demise Of Premises <br />Section 3. 1. Demise. The Municipalities demise and lease <br />to the Corporation, and the Corporation leases from the Municipalities the <br />Premises at the rental set forth in Article VI hereof and in accordance with the <br />provisions of this Lease. <br />Section 3.2. Premises. The premises are described as follows: <br />• (a) The use, in common with others authorized to do so of the <br />Airport, together with all facilities, equipment and improvements which presently <br />are or hereafter may be provided by either the Municipalities or the Commission, <br />including, without limitation, the landing field and extensions and additions there- <br />to, roadways, runways, aprons, taxiways, sewerage and water facilities, flood <br />lights, landing lights, beacons, control towers, signals, radio aids, and all other <br />conveniences for flying, landings and take-offs of aircraft belonging or leased to <br />Corporation; <br />(b) The exclusive use and occupancy of the buildings and adjacent <br />ground area at the Airport as shown and designated on Exhibit "A" attached to <br />this Lease and by this reference incorporated into this paragraph; <br />• (c) The exclusive use and occupancy of those portions of the <br />Administration Building at the Airport, as shown and designated on Exhibiti "B" <br />1141 <br />attached to this Lease and by reference incorporated into this paragraph. <br />