Buffalo Wild Wings 2005 Annual Report Download - page 124
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the Premises to the BWW Entity. The BWW Entity shall
have the right, at any time until Landlord delivers
possession of the Premises, to rescind the option
exercise, by written notice to Landlord.
(c) All notices to BWW must be sent by registered or
certified mail, postage prepaid, to the following
address:
Buffalo Wild Wings International, Inc.
1600 Utica Avenue South
Suite 700
Minneapolis, MN 55416
Attention: General Counsel
BWW may change its address for receiving notices by giving Landlord
written notice of the new address. Landlord agrees that it will notify both
Tenant and BWW of any change in Landlord's mailing address to which notices
should be sent.
4. Termination, Non−Renewal, Expiration.
(a) If the Franchise Agreement is terminated for any reason
during the term of the Lease or any extension thereof,
BWW has the right, but not the obligation, to
unilaterally assume the Lease by giving Landlord written
notice. Within 30 days after receipt of such notice,
Landlord shall give a BWW Entity written notice
specifying any defaults of Tenant under the Lease.
(b) If the Lease contains term renewal or extension right(s)
and if Tenant allows the term to expire without
exercising said right(s), Landlord shall give BWW
written notice thereof, and a BWW Entity shall have the
option, for thirty (30) days after receipt of said
notice, to exercise the Tenant's renewal or extension
right(s) on the same terms and conditions as are
contained in the Lease. If a BWW Entity elects to
exercise such right(s), it shall so notify Landlord in
writing, whereupon Landlord and the BWW Entity shall
promptly execute and deliver an agreement whereby the
BWW Entity assumes the Lease, effective at the
commencement of the extension or renewal term.
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