HomeMy WebLinkAbout1973 • +
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agrees to exerciae the renewal options contained in s~id 8aae -
Lease inaccordance with the tenae and conditione thereof, eo
ae to continue said Base Lease for a period of time sufficfent
for the lease teraa of the Pure Lease. Lesaor and Leesee aqree
jointly and severally, that in•event Lessee defaults in per-
formance of sny of the~terms, covenants, p~ovisions and con-
ditions of the aforesaid Base Lease on its part to be kept
ana ~rfo~ea, at any time that the Pure Lease is in effect,
and in event such default entitlea LeBSOr to cancel or terminate
said Base Lease, then Lessor agrees to qive Pure at leaet th3.rty
(30) daya written notice p~ior to the takinq of ~y action to
declare or effect a forfeiture of such Base Lease, which notice
will- specify the nature of the default, arid Pure sha].1 have the
right and privileqe, within thirty (30) days after receipt of
said written notice, to correct the default of Lessee so as to
keep and maintain the Base Lease 3n full force and effect. In
event Pure corrects aucY~ default within the thirty (30) day
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period, then Lessee agrees, on demand of Pure, to tranafer and
. assign to Pure the aforesaid Base Lease, to which assignment and
transfer Lessor will consent. If, purauant to the terme of this
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a paragraph, Pure makes expenditures in its own riqht or for the
account of Lessee in correctinq a default or defaults under th~
Base Lease, Lessee will reimburse Pure for all expenditurea so
- made by Pure. Nothing herein contained shall be construed as
obligating Pure to cure any default of the Leasee under the Base
Lease.
3. All noticea hereunder shall be mailed to the
following parties at the addresaes shawn belaw:
Don D. Reed, Euqene D. Haughton
and Spencer B. Gilbert, a8 Trustees .
of the Reed-Haughton Motors, Inc.
• Pension Trust
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g~~168 P~1969
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