HomeMy WebLinkAbout0936 • . .
' ; •
terms and conditions herein specified, ao far as applicable.
23. FIRST REFUSAL OPTION: Lessor hereby grants to Lessee a
first rPfu~r~i ~ntt~n t~ ~ur~hase the leasPd premises, or to release
the leased premises, which first refusal option shall expire six months
after the termination of the lease term or any renewal term. Lessor
shall give Written notice to Lessee of all of the terms and conditions
of any proposed sale or proposed lease, durinq the option period, and
Lessee shall have 30 days thereafter to exercise said option. Should
the option not be exercised, Lessor shall have 90 days thereafter to
consummate said sale to third parties on the precise terms and condi-
tions of said written notice. Any variation fn the same terms and
conditions shall require a resubmission of the offer to Lessee under
this option. Lessee's failure to exercise this option with respect
to any proposed transaction shall not constitute a waiver of the
option rights created herein with respect to any subsequent transaction.
The provisions of this Item 23 shall not be applicable to
any transfers of the demised premises for a valuable consideration,
-
or otherwise, by Lessor to members of the Lessor's a.mmediate
family or to trusts or corporations for the benefit of or beneficially owne
by members of the Lessor's immediate family.
24. OPTION TO RENEW: Lessor hereby grants to Lessee an
I option to renew this Le~se for an additional period of five
E
~ years from expiration of the within Lease, at the same rental and
upon the sar~e terms and conditions as contained in this Lease.
~ To exercise this option, the Lessee must notify ~he
Lessor in writing an or before the date of expiration of the
within Lease that it elects to exercise said option; provided,
howevez, that if i.essor desires an earlfer d~termination concerning
Lessee's exercise of option, Lessor may serve a demand upon Lessee
in writing any time within 120 days from the'date of expiration
of said Lease, for a determination by Lessee concernfng exercise
~ of said option, in which event, to exercise the option, the Lessee
must notify the Lessor in Writinq within 30 dnys.from receipt of
-15-
5/24/ 3 • -
.
a BUOK ~4 PAGE ~S
_ - _ . , - . . ~ - . r . ' - ~ - ~r • :
~ _ - - `:!~!'.::d r - ~ ' _ ~ t-.-,-:
z~'_ _ =„~r . •
~ • + ~ - - ' • ' ' ~ • : •;1••y ' . t .
~t'ti` ~ _.•'--~~:+f~ ~!'+f , - ~..1 : ` .-'s'-~li. ..z . . .•,t{~'s1~•-•. ~ - v
~ ~ • x `
" ^N ~ Z~ - ~ •.~rl•r:._t ~~""'4 •L - `t~'. - - •`i' -
. ~r' is'_ ` • - . - •'Y•~i!t: _ :S. - ~'~f. ~ • _ ' .~j.~l h.
. K: , j~•-._ 1 j 1 . _ . _ 't~~'f~i~j,~ - ~~~=~7? A.~ ~ ~ ~a.~.4~'- _ . . .
~ Vf
~ f ..i . ~ ' S ' _ ~ _ , ' 4 , . j ~ ~ . ~ i~r.w' -.tr ~1~ '
rj ~ ~ l•.~- ~.w~ : r --_:'•_'l"-~?J.: ..'l^~~J~rr"•J•-•r.'- ri~'y"' ^i~~~ ,
, ~f.- ' " ~A~[.'~....~w.•-~t.~ ~u. . a. w. . f.i.: . . . . a_: ' . _~.r~- ~.aA~ a-~.• :d-_ ~
_ _ r_~_ _ __,.s