HomeMy WebLinkAbout2258 III. TERM OF LEASE AN~ OYTIONS PRIOR TO THIS AMENDl1ENTt
(1) 'PRIME LSASE AGREEMENT~ with any a~endments thereto,
provided, prior to execution of this ~LEASE EXTSNSION
AGREEMENT". for the folloWing term of leasei Initial
Term beginning Janusry 1, 1970 and
expiring ~anuary 31, 1990 unless
extended,by the following option(s) contained in the
~PRIME LEASS_AGRBE~ENT"= two (2)`options of ten (10)
years each, to-vit: _
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FIRST: 1/31/90 to 1/31l2000 ~
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SECOND: 1/31/2000 to 1/31/2010
Each opti~n exercisable at least 12 months prior to
its commencement date. ~
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(2) pSUB-LEASE AGREEMENT" ~rith any amendments thereto,
provided, prior to execution of this "LEASE EXTENSZON ~
AGREEMENT", for the following term of leaset Initial
Term beginning September 13, 1973 and '
I
December 31, 1989 unless
expiring ~
extended by the following option(s) contained in the
"PRIME LEASE AGREEMENT°, two options of ten (10) years
..,•.v+-
~ each, to-Wit: • "
FIRST: 12/31/89 to 12/31/99 •
SECOND: 12/31/99 to 12/31/2009 -
Each option exercisable 12 months grior to its commencement
date. ~ - ~
IV. MODIFICATION & EXTEI3SION OF TERMS OF LEASES:
, WHEREAS, the parties to this LEASE.EXTENSION AGREEMENT
desire to extend the present term of their respective lease
agreements at this time rather than at such time or in such .
a mannez as was otherwise aqreed to or provided for in their
respective lease agieements, and
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