HILLTOP/VILLAGE EAST Sample Clauses

HILLTOP/VILLAGE EAST. At any time prior to 5:00 p.m., San Francisco time, on October 31, 2000, Buyer, in its sole and absolute discretion, by written notice to Seller may terminate this Agreement (a "TERMINATION") as to the Properties listed on SCHEDULE 8.6, attached hereto (the "HILLTOP/VILLAGE EAST Properties"). If Buyer does not exercise the Termination, timely, then Buyer shall be deemed to have waived the right to terminate this Agreement as to the Hilltop/Village East Properties and upon satisfaction of all the conditions precedent applicable to the Hilltop/Village East Properties proceed with a Sales Transaction for such Properties. If Buyer elects to terminate this Agreement as to the Hilltop/Village East Properties, timely, then: (i) the aggregate Purchase Price shall be reduced by the amount allocated to such Properties on SCHEDULE 1.30; (ii) the Xxxxxxx Money Deposit allocated to the Hilltop/Village East Properties on SCHEDULE 1.10 shall be paid by Escrow Agent to Buyer; and (iii) the Hilltop/Village East Properties shall no longer be part of the Sales Transactions.
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