HomeMy WebLinkAbout1457 .
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- OEED RECOROS
~J<<224 ~M~,~~ ~b~~ vo~1423 fa~E J6a
19 ra~~icsPn I2
depreciated co~t of ~ucl~ impro~•emen~~ as certifieci in w~riting bp th~
. Companp. ,
- (b) Interco?a,nections. It ahall not be neeessary for the Company
~ to apecify the natnre or deacription of the additional facilitiea to be
eonstrncted on the land to be conveyed in accordance with Paragraph
12(a), bnt if ench conveyance aliall be in oonnection with the constrna
tion of addition$ to principal stractnres or of new facilities, the
Company or the person so epecified shall have the rigLt to conatrnct
anp anah additione to the principal atrnctnres and shall also have the
right (provided thst after completion of anch constrnction the efficient .
operation of the principal atrnctares shall not have been thereby ad-
vereely affeated or their strnatnral integrity impaired) to make bnild-
; ing, eqnipment, utility and other connectiona between the bnildinga of
the principal etrnctaree and enah additiona or new facilitiea.
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' (a) DiBCO~st+~nua~ce of Operatioxa. If the Companp is not in de-
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~ fanlt in the payment of basic rent or in any other material respeet
nnder any provision of this Lease, it may from to time give notice in
~ writing to Prnperties apeoifying one or more Leased Parcela the
~ operation of whicth at a reasonable pro$t has, in the opinion of tLe
Company, become impraetical or uneconomic dne to conditions not
within the oontrol o! the Company. Within 30 daye after the giving
of snch notice by the Company, Properties ahall convey to the Compans
(or its designee or designees) in the manner aet forth in Paragraph
12(a) the Leased Parc~l or ParcelR Ro specified in sneh notice. $imul-
taneously with tLe making of an~ such conveyance the Companp Rhall
~ comply with the applicable pro~ i~iong of Paragraph 14(a).
~ (d) Grant oj F,nse~aeiits, etr... Properties shall ~rai~t such ease-
~ nients, licenses, right~ of R ay :~nd other rigbts and pri~ileges in the
a utiture of ex~ements" ~~~ith respect to it4 interest in any of the Leased
~ Parcels to the Company or others, and shall release snch eaiating
~ easements, nll as may be reasonably reqnested by the Company and as
~ may be permitted by Section 80T of the Indenture. Any such grantc
~ inay be iuade ~ti~ith or «ithoiit any payment on the part of the Compan~•
. or the grantees and on snch other terms as the Company shall specifs.
The consideration, if any, paid to ~roperties for any such grant or .
~ release shall be paid forthwith to the Company. " E
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