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Subject to like covenant of renewal to derivative tenants as leases now in being.
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IV. Provided also, and be it enacted by the authority aforesaid, That every lease to be made in pursuance of this act to the now immediate tenant of the said archbishop, or any person deriving from him, or to any of their executors, administrators, or assigns, shall be subject and liable to the like covenant of renewal to his or their derivative tenants, their executors, administrators, or assigns respectively, as the leases now in being are subject to.
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