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<br />a. <br />("the Refusal'°), whereupon the parties .hereto shall have ro <br />further rights or obligztions hereunder to purchase or sell the <br />Prpperty nn'the Purchase Date and: neither party hereto shall be <br />liable to the other hereunder for the failure or inability. to <br />close the purchase of the Progertys Provided, however, BKC shall <br />not be prohibited as a result of the Refusal, from.later exercising <br />the Option,. although it may be necessary for BKC to again refuse <br />to purchase: the Property as a result of Optionor's inability to <br />convey title., as contemplated in .this paragraph;. <br />Sectioin 3. Grant of Right of First Refusal.. <br />{a) Pit. any time during the first .seven (7) years after <br />,dune &, 19$2, if, as and when.,Optonor receives a bona fide offer <br />from a Lhird party to purchase the'Froperty acceptable to<Optionor, <br />Optiantrr shall give BKC written notice setting forth the name and <br />address of the prospective purchaser, the price and 'terms of the. <br />effer, and 'such other information as BKC may reasonably request. <br />in order to eval;aate the offer. BKC shall then have the prior <br />right to purchase the Property at the price and upon the terms of <br />...such offer. BKC shall have fourteen (;I4j working days (excluding <br />weekends sad legal holidays} after receipt of ()ptfonor's notice <br />of offer and the fuxnishing of all reasonably requested infarma- <br />tiaa within which to notify Optionoz of .its intent to accept or <br />g <br />-_ <br />