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Persons having derivative Estates shall contribute towards Purchase Money.
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CLII. ‘And whereas such Purchase of the Fee Simple and Inheritance of and in such Lands by such immediate superior Tenant of such Archbishop or Bishop or other Ecclesiastical Person, or the said Commissioners, will, pursuant to the Provisions hereof, enure to the Benefit of all Persons having derivative Estates or Interests in the said Lands by virtue of Leases containing Covenants or Contracts for Renewal, and it is just that all Persons having such derivative Interests and claiming the Benefit of the Provisions of this Act should contribute to the Expence of such Purchase;’ be it therefore enacted, That whenever any such Tenant of such Lands, holding the same immediately from and under such Archbishop or Bishop or other Ecclesiastical Person, or the said Commissioners, shall have purchased the Fee Simple and Inheritance as aforesaid of and in the said Lands and Premises at a certain Rate of Purchase Money as aforesaid, pursuant to the Provisions of this Act, and shall, after completing such Purchase, be bound, under the Provisions of this Act, or otherwise, to renew any Lease or Leases of any of the said Lands and Premises to any under or inferior Tenant, or any other Person or Persons, all and every such Person and Persons having any derivative Estate or Interest in the said Lands and Premises immediately or mediately from, through, or under such immediate superior Tenant who shall have made such Purchase as aforesaid, shall respectively contribute towards the Amount of the Purchase Money thereof, or towards reimbursing and paying of a Proportion of the same, each to his own next immediate Landlord, according to the Value of their respective Interests, in manner following; that is to say, it shall and may be lawful for such immediate superior Tenant who shall have made such Purchase as aforesaid, his Executors and Administrators, by Notice in Writing, to call upon and require all and every such his under or inferior Tenant or Tenants, or Persons holding immediately from or under him, as shall be entitled to any Estate or Interest in any of such Lands and Premises by virtue of any Lease or Contract containing any Covenant or Agreement for Renewal of such Estate or Interest, to contribute respectively towards such Purchase Money in proportion to the Value of his or their respective Estate or Interest in the said Lands and Premises, or any of them; and in like Manner it shall and may be lawful for any such under or inferior Tenant or Person holding the said Lands and Premises, or any of them, upon being served with such Notice requiring from him such Contribution as aforesaid, by Notice in Writing to call upon and require all and every under or inferior Tenant, or Person or Persons holding immediately from or under him respectively any of such Lands and Premises, by virtue of any Lease or Contract containing any Covenant or Agreement for Renewal, to contribute, in proportion to the Value of his or their respective Interest, towards such Sum of Money to be paid as such Contribution as aforesaid by such his or their next immediate Landlord; and so in like Manner every under or inferior Tenant of or Person holding any of such Lands and Premises, upon being so called upon for any such Contribution as aforesaid, may and is hereby empowered, by Service of a Notice in Writing, to require a Contribution in like Manner from any Tenant or Person holding under him or them respectively under by virtue of any Lease or Contract containing any Covenant or Agreement for Renewal.
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