Coach 2013 Annual Report Download - page 494

(vii) If the Title Commitment or any Title Update discloses judgments, bankruptcies or other returns against other Persons having
names the same as or similar to that of Optionor, Optionor shall cause the Title Insurer to omit as an exception such judgments, bankruptcies or other returns
based on an affidavit or such additional evidence or assurance as the Title Insurer may reasonably require.
6. Certain Covenants.
During the period from the date of the applicable Purchase Option Notice until the Purchase Closing Date (as the same may be extended in
accordance with the terms of the Agreement and these Purchase Option Terms), Optionor shall:
(a) not enter into any lease, license or other occupancy agreement with respect to or affecting the Premises or any portion
thereof (each, a “Lease”), or amend, supplement or otherwise modify any Lease, unless such Lease, as amended, supplemented or otherwise modified (taking
into account all renewals, extensions or other provisions or contingencies contained therein that could extend the term thereof) expires by its terms on or prior to
the Vacancy Date;
(b) on or prior to the Vacancy Date, cause all Leases and the estates or rights granted thereunder to terminate, and all
Persons claiming rights under any Leases to vacate and surrender the Premises or any portion thereof;
(c) not enter into any Contract (as hereinafter defined) or permit any Person claiming by, through or under a Lease to enter
into any Contract with respect to or affecting the Premises or any portion thereof, or amend, supplement or otherwise modify any Contract, unless such
Contract, as amended, supplemented or otherwise modified, terminates by its terms on or prior to the Vacancy Date or is otherwise terminable at will on not
more than 30 days’ notice without penalty, premium or other charge, and in either case would not be binding or impose any obligations upon the Premises or
any portion thereof or the owner thereof from and after such expiration or termination ;
(d) on or prior to the Vacancy Date, cause all Contracts and the rights granted thereunder to terminate;
(e) maintain in full force and effect the insurance policies currently in effect with respect to the Premises (or replacements
continuing similar coverage); and
(f) not subject the Premises to any additional liens, encumbrances, covenants, restrictions or easements other than
Permitted Exceptions, unless such lien, encumbrance, covenant, restriction or easement terminates by its express terms on or prior to the Purchase Closing
Date.
7. Apportionments.
(i) The following shall be apportioned between Optionor and Optionee at the Purchase Closing with respect to the applicable Premises
as of 11:59 p.m. of the day immediately preceding the Purchase Closing Date, and the net amount thereof either shall be paid by Optionee to Optionor or
credited to the Purchase Price, as the case may be, at the Purchase Closing:
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