Opinion ID: 1660992
Heading Depth: 3
Heading Rank: 3

Heading: Right to Terminate; Exculpatory Clause.

Text: The document further provided: It is agreed that Lessor shall execute leases with and complete buildings for at least seven (7) other bona fide tenants in the shopping center, and that the tenants for said other seven leases shall include [named retail concerns] or similar. It is agreed that no rental shall accrue hereunder and the term of this lease shall not commence until the Lessor has complied with the foregoing conditions, and the Lessee shall have the option of terminating this Lease unless leases for the foregoing have been executed and construction commenced by Sept. 1, 1957. It is further understood and agreed that if the demised premises are not ready for occupancy before March 1, 1958, then the Lessee shall have the option to terminate this Lease, and neither party shall thereafter have any liability. (Italics supplied.)