Market Study Change Request. In the event that a Market Study for a given Phase reasonably recommends that market conditions do not support the originally intended size or scale of such Phase, then at any time prior to the date which is thirty (30) days prior to the Phase Closing Deadline for such Phase, Purchaser may deliver written notice to Seller requesting a downward revision to the size or scope of the development originally intended for such Phase as reflected in the Master Site Plan, based on the recommendations in such Market Study (a “Market Study Change Request”); provided, that the requested downward change in size or scope shall not exceed twenty percent (20%) of the total proposed square footage of the original scope of the development for such Phase, as set forth in the Master Site Plan. Any Market Study Change Request shall be accompanied by a copy of any Market Study upon whose recommendations it is based.
