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<br />C` <br />t <br />~2- i~~.I9~f~ <br />Section 2. The Option:. In accordance with the terms <br />hereof and subject to the conditions hereinafter recited, <br />~Jptionor hereby grants to bKC, its successors and assigns, the <br />exclusive right and :option ("Gptoa") to purchase ti) if the <br />Propezty is a Fee Property, the fee simple title to the Property, <br />or fii) if the Property is a Ground Leasehold Property, all of <br />Optionor's right, title and interest in'the Sublease, together., <br />in either: event, with the'title'to the Iffiprovements located on' <br />the Land. BICt; has no obligation to exercise the Option to <br />purehase the Property. <br />a. ~KC may exercise the Option to purchase the Property <br />at ary time daring the eighth tgth3, ninth t9th), and tenth fl()th) <br />years after .Tune I, 1982 tthe "option Period"). <br />b. tJrittea notice of ita intesstion to exercise the <br />t3ptian t"llatiee`"3 must- be given by T3KC to Optionar within the <br />Option Ptriad, not mare than one huadred eighty f18Q) days and <br />not fever than siuty f6tT3 days prior to the date established by <br />glCC in the< NvLicc for closing the puzehaee o£ the 'l?zaperzy <br />f"Purchase Dace"). 'The Purchase Date must occur deicing the <br />Option Period. unlsss otherwise agreed in writing by Opt3.onor` <br />and BKC. <br />_ g <br /> <br />