Common use of Reductions to Exchange Property Credit Clause in Contracts

Reductions to Exchange Property Credit. The applicable Exchange Value and the Purchase Price payable under this Agreement shall be reduced from time to time by (a) the aggregate cash consideration paid by the Purchaser under any Exchange Contract, (b) any costs and expenses incurred by or on behalf of Purchaser in connection with any Exchange Parcel, (c) the amount of any claim or indemnity owing to the Purchaser by or at the direction of the Seller pursuant to this Agreement, (d) the amount of any consideration paid by the Purchaser to the Seller pursuant to this Agreement and (e) the costs and expenses incurred in good faith by or on behalf of the Purchaser in connection with the proposed acquisition of an Exchange Parcel, whether or not an Exchange Contract is executed in connection therewith and whether or not the proposed transaction is consummated.