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Page <br /> ARTICLE XIV <br /> PURCHASE REFUSAL: <br /> The parties hereto have agreed that Lessee shall have <br /> the prior right to purchase the demised premises throughout the <br /> original term and all extended terms hereof on as favorable terms <br /> as Lessor may from time to time be willing to sell the same to a <br /> third party and that during such original and extended terms <br /> hereof such right of refusal in Lessee shall co-exist with other <br /> options and rights contained herein and shall be a continuing <br /> one and available to Lessee as often as the present Lessor and <br /> any subsequent Lessor shall be willing to sell said premises to <br /> any third party. Accordingly, in the event Lessor shall receive <br /> from a third party at any time during the original term of this <br /> lease or any extension thereof a bona fide offer to purchase the <br /> said premises at a specified price, whether such price be first <br /> fixed by Lessor or the third party, and Lessor shall decide to <br /> sell the same for such amount, Lessor shall promptly give to <br /> Lessee notice thereof accompanied by an affidavit setting out <br /> the full terms of such offer and of Lessor's willingness to sell <br /> for the price offered, and Lessee shall have the first refusal <br /> and privilege (hereafter referred to as an "option") of pur- <br /> chasing said premises at such price; such option to be exercised <br /> within twenty (20) days after Lessee receives notice from Lessor, <br /> by Lessee 's notifying Lessor that it will purchase said premises <br /> for the amount specified in said offer. In the event Lessee <br /> shall not give Lessor notice, within said twenty-day period, of <br /> its election to purchase for the amount specified in said offer, <br /> Lessee shall not be obligated to purchase, and Lessor may there- <br /> after sell said premises to the party making said offer, always <br /> subject, however, to the provisions of this lease and to the <br /> leasehold estate herein granted, including without limitation <br /> Lessee 's right to receive notice and affidavit of, and to <br /> purchase according to, the terms of any future bona fide offer <br /> acceptable to the then Lessor of the demised premises and to any <br /> and all other or additional purchase options, extension options <br /> and to all rights and privileges of Lessee in this lease con- <br /> tained. In the event any such bona fide offer shall cover a <br /> tract larger than but including the demised premises, Lessee 's <br /> right of refusal under this Article shall apply to such larger <br /> tract. If Lessee shall fail to avail itself of its prior right <br /> to purchase such larger tract whether or not Lessor shall there- <br /> after sell the same to a third party, Lessee shall nevertheless <br /> retain its right to receive notice and affidavit of, and prior <br /> right to purchase according to, the terms of any and all future <br /> or subsequent bona fide offers which may be acceptable to the <br /> then Lessor of the demised premises . <br /> The provisions of this Article shall be construed to <br /> be solely for the benefit of Lessee and to be additional to, <br /> independent of, and in nowise affected by the existence of, any <br /> or all other privileges, options or rights of purchase contained <br /> in this lease. <br /> If Lessee shall elect to purchase said premises under <br /> the option hereby granted, Lessor shall comply with the require- <br /> ments of the next succeeding Article. <br /> j <br />
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