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<br />~~°~~~.~1~56 <br />OPTI4N AGREII9ENT AND GRANT OF RIGHT DF FiRST REFUSAL <br />THIS AGREEM'dNT, made as of ~~~ ^^ ~ 19~'-<, <br />between BURGER KING LIMITED PARTNERSHIP I, a Rew Yorkrlimited <br />partnership having its principal place of business at Two World <br />Trade Center, New York, New York 1004$ (the "Optionor"), and <br />B(3RGER KING CURFORATION, a Florida corporation having its <br />principal place of business at 7360 Narth Kendall Drive, Miami, <br />Florida 33155 ("BRC"). <br />W I T N E S S E.T H <br />THAT WHEREAS as of the date hereof, Optionar has <br />acquired the fee simple title to, or a subleasehold interest in, <br />the parcel of land, located in the City of Grand Island, County <br />of Hall, State of Nebraska. more particularly desczibed in <br />Exhibit A hereto (the "Land") and BKC shall construct or cause to <br />be constructed on behalf of ~ptionat a Burger King rtstaurant <br />building and other iaprovesents (together, the "Improvements") on <br />the Land (Optioaor's interest in the Land, taaether with the <br />Improvements shall be hereinafter referred to as the "Pzaperty"); <br />WHEREAS, the Property is a Fee Property; <br />BS - RiCI.P <br />4/21/82 - 4th Draft <br />#3473 <br />4/23/82 <br />i <br />1 <br />~~. <br />