Longchamps and its successors guaranteed the original 1965 lease and also executed the 1975 Lease Modification Agreement making it responsible for certain of the tenant's obligations. However, in 1980 and 1981, the parties agreed to other changes in their obligations under the lease, including reduction in the amount of leased space and monthly rent and inclusion of a right of first refusal in favor of the tenant, and in 1987, the parties executed a 16-year extension of the...
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