Common use of Specific limitation Clause in Contracts

Specific limitation. In no event shall Lessee have the right to give a Partial Termination Notice with respect to any Parcel(s) pursuant to subsection (a)(i)(A) above prior to the first anniversary of the date the Parcel in question was added to the Property or while any Event of Default shall have occurred and be continuing. The foregoing one (1) year limitation will not apply to the exercise of Lessee's purchase option pursuant to subsection (a)(i)(B) above. It is acknowledged that the option of the Lessee to give a Partial Termination Notice pursuant to subsection (a)(i)(B) above is a right granted to Lessee that is separate from the obligation of Lessee to purchase a Parcel at the option of Lessor if the Environmental Event in question ripens into an Event of Default, as provided in Section 14(a)(v).