The URL can be used to link to this page

Home My WebLink About1484 . , • . ~ ~ , . f ' ~ t 1` , ; ~ F z . . ~ ~sl1;~24 Ih,~~~ ir~'12 Parasraph~ 33. 34 . Leased Parcels; (iii) that the Initiul PurcLase Price to be included iu • Appendig C for each snch snbstituted property ahall be the amount ' ~ stated in anch notice, which shall not be greater than the book valne thereof on the books of Continental as of the date of such notice ; and ~ (iv) that each snch snbstitnted property shall be depreciated for pnr- poses of Appendiz in accordan~ ~ith the schedtila set forth ~ith respect thereto in anch notice. Snch notice may also atate that the . Initial Pnrchase Price of one or more Leased Parcela not theretofore conveyed to Propertiea in accordance with Puragraph 1 shall be adjnsted - as set forth in anch notice, prnvided that the Initial Pnrchase Price of snch Leased Parcel as so ad,jnsted shall not be greater than the book ~ valne thereof on the books of Continental as of the date of such notice. IIpon receipt of any such uotice by Properties and the Trustee, r~p- pendices C and ~ shall be deemed therenpon amended as provided in ' snch notice for all pnrposes of thia Lease, the Indentnre, the Aasignment ~ and the (~usrantee Agreement a•ithout any consent or fnrther action on the par~ of Properties, the Company, the Escrov~ Agent or the Trnstee ; ~ provided however tliat upon the Company's request, Properties, the Escrow Agent and the Trnstee shall ezecnte t~nd deliver to the Com- ~ pany anch instrnments as it may reasonably reqneat evidencing or ac~owledging snch amendment. LI~IITATION O~ CSBTAIN OF THS COMPANY~S RI(3HTS. The righta of the Gompany to ezercise its options to purchase Prop- ~ ertiea' interest in any one or more of the Leased Parcela under Para- ~ grap~ 19 and. to snbstitute properties for one or more of the Leased ~ Parcels under Paragraph 14(b) shall be subject to the limitation that ~ such rights shall cease and terminate and be of no fnrther force or effect q on and after the 21st anniversary of the death of the last survivor of all ~ of the descenclants living on November 30,1970 of John D. Rockefeller, ~ Jr., including withont limitation, his sons John D., Nelson A., Lanrance g S., Winthrop and David; provided, however, that if any anch rights, ~ privileges or options shall be or become valid under applicable laR ~ for u perial subseqnent to the 21at anniversary of the death of such s last survivor (or, without limiting the generality of the foregoing, if ' ~ legislation shall become effective providiug for the validity or permitting s tiie effective grant of snch rights, privileges and options for a j~erial ~ ~ ~ - ~ ~ ~ G n aGl~~~ UE.EU k~~UKUS s . ~nv~ f -