Building Expansion. The entire acreage described in paragraph 2 is reserved for the present or future use of the LESSEE. Without the written consent of the LESSEE the LESSOR shall not subdivide the property during the term of this lease or any extension thereof. Should the LESSOR be unable or unwilling to construct additional facilities as requested by the LESSEE during the initial term of this lease or any extension thereof, LESSEE may exercise an option to purchase the property as provided in paragraph 21.
Appears in 2 contracts
Sources: Lease Agreement (Ilx Lightwave Corp), Lease Agreement (Ilx Lightwave Corp)