Genesee Crossing Sample Clauses

Genesee Crossing. The parties hereby agree that the Genesee Crossing Shopping Center shall not be conveyed pursuant to the terms of the Agreement. Accordingly, the parties hereto hereby agree to amend the Agreement as follows: (a) any references to land, improvements, leases or other similar items set forth in the Agreement or any schedule thereto that relate to the Genesee Crossing Shopping Center are hereby deleted in their entirety; (b) the Purchase Price is hereby reduced by an amount equal to $8,700,000 (from $126,000,000 to $117,300,000), and such reduction shall be allocated as appropriate between the portion of the Purchase Price to be paid in cash as described in Section 2(c) of the Agreement, and the portion of the Purchase Price payable by acceptance of the Existing Mortgages, as described in Section 2(b) of the Agreement, and all references to a portion of the Purchase Price attributable to the Genesee Crossing Shopping Center are deleted from the Agreement; and (c) the Agreement is deemed void ab initio solely as it relates to the purchase and sale of the Genesee Crossing Shopping Center, and all representations, warranties, conditions and covenants are of no further force or effect as regards the Genesee Crossing Shopping Center.
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