Common use of Substitution of Property Clause in Contracts

Substitution of Property. The City has the option at any time and from time to time, to substitute other real property (the “Substitute Property”) for the Leased Property or any portion thereof (the “Former Property”), upon satisfaction of all of the following requirements which are hereby declared to be conditions precedent to such substitution:

Substitution of Property. The City has the option may at any time and from time to time, to with the prior written consent of the Authority, substitute other real property (the “Substitute Property”) for the Leased Property Property, or any portion thereof (the “Former Property”), upon satisfaction of provided that the City satisfies all of the following requirements which are hereby declared to be conditions precedent to such substitution: