Lease to Third Party. If a lease is not timely executed as provided herein by BAHA, then the Initial Purchaser may lease the offered space to third parties at the same or higher rates as those contained in the bona fide offer and otherwise on substantially the same terms and conditions contained in such offer, provided that, such lease shall be executed within one hundred eighty (180) days of the notice set forth in Section 9.09(b)(1). If such lease is not executed within such one hundred eighty (180) day period, BAHA's right of first refusal shall be reinstated as to any leases occurring after such time period.
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Sources: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding