Common use of Exchange Adjustment Clause in Contracts

Exchange Adjustment. (a) On the Closing Date, in addition to the Purchase Price, Purchaser shall deliver to Seller (in the same manner as the Escrow Amount)Three Hundred Eighty-Five Thousand Dollars ($385,000.00), which amount shall represent an upward adjustment of the Purchase Price if Seller is unable to structure and complete the disposition of the Assets as an Exchange (the "Exchange Adjustment"). (b) Seller shall return the Exchange Adjustment to Purchaser within ten (10) business days of Seller's successful completion of an Exchange. If Seller fails to consummate an Exchange within 180 days of the Closing Date, then the Exchange Adjustment shall be retained in full by Seller as part of the Purchase Price.

Exchange Adjustment. (a) On the Closing Date, in addition to the Purchase Price, Purchaser shall deliver to Seller (in the same manner as the Escrow Amount)Three Hundred EightyAmount) Six Hundred-Five Fifteen Thousand Dollars ($385,000.00615,000.00), which amount shall represent an upward adjustment of the Purchase Price if Seller is unable to structure and complete the disposition of the Assets as an Exchange (the "Exchange Adjustment"). (b) Seller shall return the Exchange Adjustment to Purchaser within ten (10) business days of Seller's successful completion of an Exchange. If Seller fails to consummate an Exchange within 180 days of the Closing Date, then the Exchange Adjustment shall be retained in full by Seller as part of the Purchase Price.