Common use of Other Property Information Clause in Contracts

Other Property Information. If, based upon Purchaser's examination of the Records according to Paragraph 5(b) hereof, Purchaser shall determine that any information, statement, or data contained in any information, reports, statement, or data furnished to Purchaser or used in its economic analysis of the Property is not true or correct in any material respect, upon discovery of any incorrect information, Purchaser may give written notice to Seller of such inaccuracy or misstatement. Any such notice must be provided in writing during the Review Period, or it will be deemed to be waived. Such notice shall provide a summary of such inaccuracy or misstatement. Upon receipt of such notice, Seller shall have the option, but not the obligation, to (a) cure or remedy such inaccuracy or misstatement to the reasonable satisfaction of Purchaser; or (b) agree with Purchaser on a reduction to the Purchase Price, which reduction shall reflect Purchaser's reasonably anticipated cost to remedy such inaccuracy or misstatement. If the inaccuracy or misstatement cannot be cured or remedied to Purchaser's reasonable satisfaction, and if agreement cannot be reached on reduction to the Purchase Price, then the affected Property shall be excluded from the Property to be acquired by Purchaser hereunder, and the Purchase Price shall be reduced by the Allocated Purchase Price for such Property;

Other Property Information. If, based upon Purchaser's examination of the Records according to Paragraph 5(b) hereof, Purchaser shall determine that any information, statement, or data contained in any information, reports, statement, or data furnished to Purchaser or used in its economic analysis of the Property is not true or correct in any material respect, upon discovery of any incorrect information, Purchaser may give written notice to Seller of such inaccuracy or misstatement. Any such notice must be provided in writing during the Review Period, or it will be deemed to be waived. Such notice shall provide a summary of such inaccuracy or misstatement. Upon receipt of such notice, Seller shall have the option, but not the obligation, to (a) cure or remedy such inaccuracy or misstatement to the reasonable satisfaction of Purchaser; or (b) agree with Purchaser on a reduction to the Purchase Price, which reduction shall reflect Purchaser's reasonably anticipated cost to remedy such inaccuracy or misstatement. If the inaccuracy or misstatement cannot be cured or remedied to Purchaser's reasonable satisfaction, and if agreement cannot be reached on reduction to the Purchase Price, then the affected Property shall be excluded from the Property purchase to be acquired by Purchaser hereunder, and the Purchase Price shall be reduced by the Allocated Purchase Price for such Property;the particular property.

Other Property Information. If, based upon Purchaser's examination of the Records according to Paragraph 5(bparagraph 6(b) hereof, Purchaser shall determine that any information, statement, or data contained in any information, reports, statement, or data furnished to Purchaser or used in its economic analysis of the Property is not true or correct in any material respect, upon discovery of any incorrect information, Purchaser may give written notice to Seller Sellers of such inaccuracy or misstatement. Any such notice must be provided in writing during the Review Period, or it will be deemed to be waived. Such notice shall provide a summary of such inaccuracy or misstatement. Upon receipt of such notice, Seller Sellers shall have the option, but not the obligation, to (a) cure or remedy such inaccuracy or misstatement to the reasonable satisfaction of Purchaser; or (b) agree with Purchaser on a reduction to the Purchase Price, Price which reduction shall reflect Purchaser's reasonably anticipated cost to remedy such inaccuracy or misstatement. If the inaccuracy or misstatement cannot be cured or remedied to Purchaser's reasonable satisfaction, and if agreement cannot be reached on reduction to the Purchase Price, then the affected Property shall be excluded from the Property to be acquired by Purchaser hereunder, and the Purchase Price shall be reduced by the Allocated value of the affected Property (or that portion of such Property so affected) as may be agreed upon by Sellers and Purchaser in good faith. In the event the Parties fail to agree upon the implementation of either Subclause (a) or (b) prior to Closing, and if a reduction of more than twenty-five percent (25%) in the Purchase Price for such results from the exclusion by Purchaser of the affected Property, Purchaser may terminate this Agreement by delivery of written notice so indicating to the Sellers, in which event this Agreement shall terminate, and the Escrow Deposit (plus accrued interest) shall be returned to Purchaser, and the Parties hereto shall have no further rights or obligations under this Agreement;