001-163 - Laserfiche WebLink

Browse

pe _ if said option is exercised, at the expiration of the term herein granted. Lessee shall -ive written notice to Lessor of its election to exercise this extension option not less than Sixty ( 60) Days before the expiration of the original term of this lease. Upon the giving of such notice this Lease shall be extended sine shall ' continue in full force and effect upon the terms and conditions here- in set forth for the said further period of years and the execution by the parties of a new lease or an instrument of any kind extendin the term hereof in accordance with the notice shall not be reeuired. During said extension term, Lessee shall yield and pay as rental st the time and in the manner set forth in Article III hereof the sum of TWO HUNDRED THIRTY-FIVE AND NO/100 DOLLARS ($235.00) PEE tieNTH: AisTICeE XII. PURCHASE REFUSAL: The parties hereto have agreed that Lessee shall have the • prior ri:zht to purchase the demised premises throughout the original term and all extended terms hereof on as favorable terms as Lessor may from time to time be willing to sell the same to a third party and that during such original and extended terms hereof such ri 'ht of refusal in Lessee shell co-exist with other ontions And r,_Thts contained herein and shall be a continuing one and available to Lessee as often as the present Lessor and any sub,beeeene Lessor seeee be willing to sell said premises to any third party. Pccordingly, in the event Lessor shell receive from a third party at any time during the original term of this lease or any extension thereof a bona fide offer to purchase the said premises at a specified price, whether such price be first fixed by Lessor or the third party, an_- Lessor shell decide to sell the same for such amount, Lessor snail promptly give to .essee notice thereof accompanied by en affidavit setting out the full terms of such offer and of Lessor 's willingness to sell for the price "fared, and Lessee s. oil = ye the first re- fusal and privilaee c.heleafter refer•re' to 9s er 'option ) of pur- chasing said premises at such orice, such c,o:;i or, to he exercised within Twenty (20) Days after Lessee receive:, notice from ,.essor, by Lessee 's notifying Lessor that it will purchase said premises for the amount specified in said offer. In the event Lessee shpil not -ive Lessor notice, wttbin sd'i t:•.eLty-:L.,; ,.:1 iuc:, of Its election to ourcha se °7T' t':8 amount spt3 is ii lC i IS'. sal o re Y', �e :.e snail not be obligated to purchase, and Lessor may tareafiar sail said • premises to the party making said offer, arrays subject, however, to the provisions of this lease and to the leasehold estate herein granted, including without limitation Lessee 's ri ;tint to receive notice and affidavit of, and to purchase according to, the terns of any future bona fide offer acceptable to the then Lessor DI the demised Premises and to any end all rLhts and privileges of Lessee in this lease contained. In the event any such bona fide offer shall cover a tract larger than but including; the demised premises, Lessee 's right of refusal under this Article shall apply to such lamer tract. If Lessee shall fail to avail itself of its prior right to purchase such larger tract whether or not Lessor shall thereafter sell the same to a third party, Lessee shall nevertheless retain its right to receive notice and affidavit of, and prior right to purchase according to, the terms of any and all future or subseeeent bona fide offers which may be acceptable to the then Lessor of ,he der.iised premises. The provisions of this Article shall be construed to be solely for the benefit of Lessee and to be additional to, indepen- dent of, and in nowise affected by the existence of, any or all other privileges, options or ri nts of purchase contained in this lease. If Lessee shall elect to purchase said premises under the option hereby granted, Lessor seall comply with the rei:.ilreJ,en is of the next succeeding Article. - 5 - • •