Option Exercise Notice. District acknowledges and agrees that upon Redevelopment Completion (i) all of the terms of Section 3.2 of the Option Agreement following the Optionee certification that is to accompany an Option Notice in clause (i) thereunder shall be deleted in their entirety and be of no further force or effect, and (ii) if LAFC is the Optionee following a USC Termination Event, then Optionee’s certification under Section 3.2 of the Option Agreement, as modified by clause (i) above, will be made by LAFC in reference to the LAFC Lease and not the USC Lease.
Appears in 3 contracts
Sources: Tri Party Agreement, Tri Party Agreement, Tri Party Agreement