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<br />e <br /> <br />e <br /> <br />. <br /> <br />-8- <br /> <br />XIX. <br /> <br />'In the event that LESSOR shall hereafter enter into any <br />agreement with any third party for the leasing of premises at the <br />Airport, before the termination of LESSEE'S rights under this <br />paragraph as hereinafter provided, LESSOR shall give LESSEE <br />immediate written notice of such written agreement, and shall <br />provide LESSEE with a conformed copy of such agreement. LESSOR <br />hereby grants to LESSEE an option, which shall remain effective <br />for the period of time, hereinafter provided, to become LESSOR'S <br />assignee of any such third party lease agreements. LESSEE shall <br />tit have a period of fifte~n (15) days from and after the receipt <br />by LESSEE of such written notice and conformed copy of agreement, <br />within which to exercise said option, by giving written notice to <br />LESSOR of its agreement to become LESSOR'S assignee of said lease <br />agreement with said party, and thereby become bound bY,the terms, <br />conditions, and covenants therein contained; provided, however, <br /> <br />.' <br /> <br />that LES~OR shall'be bound by the provisions of the immediately <br />preceding paragraph hereof, in negotiating any such third party <br />lease agreement. In the event of the exercise by LESSEE of the <br />option(s) in this paragraph granted, to become LESSOR'S assignee <br />of any such lease agreement with any such third party, LESSEE <br />shall be deemed to have exercised the options which were granted <br />to LESSEE herein, in that certain agreement of lease between <br />LESSOR and LESSEE herein, dated the 1st day of January, 1966, <br />wherein LESSOR granted to LESSEE an option to lease, upon the <br />terms therein stated, not to exceed an additional twenty (20) <br />acres from the then unleased"portion of the La Porte Municipal <br />Airport, and LESSEE*S rights under such option agreement, shall <br />be reduced pro tanto. LESSEE'S rights under this paragraph <br />shall be cumulative, u~til such time as LESSEE shall have had an <br />opportunity to become the assignee on additional third-party <br />leases by LESSOR, on a total of twenty (20) acres from and out <br />of the La Porte Municipal Airport,.whether or not LESSEE shall <br /> <br />'. <br /> <br />~~ <br />