CC WORKSESSION 03041997 - Laserfiche WebLink

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El 24. PURCHASE OPTION OR RIGHT OF FIRST REFUSAL TO PURCHASE (Section 29V): Tenant has a right of first refusal to purchase the subject parcel (subject parcel is shown on Exhibit B -1 of Lease) separate from the shopping center. If Landlord decides to market the subject parcel as a separate parcel, then Landlord shall give Tenant written notice thereof which notice will state the sale price and other material terms. Provided that Tenant is not in default under the Lease, Tenant shall have 10 business days following receipt of the offer notice to accept the offer notice by submitting to Landlord a purchase agreement executed by Tenant and acceptable to Landlord which incorporates the terms specified in the offer notice together with earnest money in cash in the minimum amount set forth in the offer notice. If Tenant does not do so within the 10 -day period, Tenant shall have no further rights to purchase the property and upon request by Landlord, shall deliver to Landlord a termination certificate acceptable to Landlord. The right of first offer provision does not include any reoffer provisions. The terms of the right of first offer do not apply to any sale or other transfer of the subject parcel to an affiliate of the Landlord. 25. SUBLEASE: None 26. GUARANTY (Section 13 of the data sheet): None 27. LEASE COMPLETENESS: A. Is Lease fully executed? Yes B. Are all exhibits attached? Yes C. Are all amendments and addenda attached to Lease and executed? Yes 28. MISCELLANEOUS (Section 10G): Landlord has the right to withdraw any portion of the common area from the shopping center or the subject parcel as may be necessary to construct additional buildings or additions to existing buildings or make any other modifications to the shopping center. (Section 22) Tenant indemnifies Landlord against all claims, costs and losses arising from any hazardous materials on the shopping center from Tenant's business. Tenant is permitted to use, handle, store and dispose of petroleum products and batteries incidental to Tenant's business in compliance with all laws and subject to Tenant obtaining all necessary permits therefor.