Common use of Property Valuation Clause in Contracts

Property Valuation. Buyer may, at its sole cost and expense, elect to retain an independent, third-party valuation consultant to prepare a valuation report (“Valuation Report”) for each of the properties that comprise the Property. If the sum of the values of the properties that comprise the Property (“Total Valuation”) is less than the Purchase Price, then Buyer and Seller agree to negotiate a reduction in the Purchase Price, provided that Seller shall not be obligated to sell the Property for an amount less than the Purchase Price pursuant to the terms of this section. If the Purchase Price exceeds the Total Valuation by more than 10% of the Purchase Price, and Seller does not agree to reduce the Purchase Price to the Total Valuation, then Buyer may, upon written notice to Seller at least two business days before the then-scheduled Expiration of Due Diligence Period, elect to (i) close the transaction as contemplated with no reduction of the Purchase Price or (ii) terminate this Agreement. If Buyer terminates this Agreement in accordance with this Section 5(b), then this Agreement will have no further force or effect, the parties will have no further obligations to each other (except for any indemnities or other provisions that expressly survive termination of this Agreement) and Escrow Holder shall refund the Deposit to Buyer.

Property Valuation. Buyer may, at its sole cost and expense, may elect to retain an independent, third-party valuation consultant to prepare a valuation report (“Valuation Report”) for each of the properties that comprise the Property. If the sum of the values of the properties that comprise the Property (“Total Valuation”) is less than the Purchase Price, then Buyer and Seller agree to negotiate a reduction in the Purchase Price, provided that Seller shall not be obligated to sell the Property for an amount less than at Closing the Purchase Price pursuant will be reduced by the amount that the Purchase Price exceeds the Total Valuation; provided that Buyer will have no right to a Purchase Price reduction in excess of ten percent (10%) of the terms of this sectionoriginal Purchase Price without Seller’s written agreement. If the Purchase Price exceeds the Total Valuation by more than 10% of the Purchase Price, and Seller does not agree to reduce the Purchase Price to the Total Valuation, then Buyer may, upon written notice to Seller at least two business days before the then-scheduled Expiration of Due Diligence PeriodClosing Date, elect to (i) close the transaction as contemplated with no a ten percent (10%) reduction of the Purchase Price or (ii) terminate this Agreement. If Buyer terminates this Agreement in accordance with this Section 5(b), then this Agreement will have no further force or effect, the parties will have no further obligations to each other (except for any indemnities or other provisions that expressly survive termination of this Agreement) and Escrow Holder shall refund the Deposit to Buyer.

Property Valuation. Buyer may, at its sole cost and expense, may elect to retain an independent, third-party valuation consultant to prepare a valuation report (“Valuation Report”) for each of the properties that comprise the Property. If the sum of the values of the properties that comprise the Property (“Total Valuation”) is less than the Purchase Price, then Buyer and Seller agree to negotiate a reduction in the Purchase Price, provided that Seller shall not be obligated to sell the Property for an amount less than at Closing the Purchase Price pursuant will be reduced by the amount that the Purchase Price exceeds the Total Valuation; provided that Buyer will have no right to a Purchase Price reduction in excess of three percent (3%) of the terms of this sectionoriginal Purchase Price without Seller’s written agreement. If the Purchase Price exceeds the Total Valuation by more than 10% three percent (3%) of the Purchase Price, and Seller does not agree to reduce the Purchase Price to the Total Valuation, then Buyer may, upon written notice to Seller at least two business days before the then-scheduled Expiration of Due Diligence PeriodClosing Date, elect to (i) close the transaction as contemplated with no a three percent (3%) reduction of the Purchase Price or (ii) terminate this Agreement. If Buyer terminates this Agreement in accordance with this Section 5(b), then this Agreement will have no further force or effect, the parties will have no further obligations to each other (except for any indemnities or other provisions that expressly survive termination of this Agreement) and Escrow Holder shall refund the Deposit to Buyer.

Property Valuation. Buyer may, at its sole cost and expense, may elect to retain an independent, third-party valuation consultant to prepare a valuation report (“Valuation Report”) for each of the properties that comprise the Property. If the sum of the values of the properties that comprise the Property (“Total Valuation”) is less than the Purchase Price, then Buyer and Seller agree to negotiate a reduction in the Purchase Price, provided that Seller shall not be obligated to sell the Property for an amount less than at Closing the Purchase Price pursuant will be reduced by the amount that the Purchase Price exceeds the Total Valuation; provided that Buyer will have no right to a Purchase Price reduction in excess of three percent (3%) of the terms of this sectionoriginal Purchase Price without Seller’s written agreement. If the Purchase Price exceeds the Total Valuation by more than 103% of the Purchase Price, and Seller does not agree to reduce the Purchase Price to the Total Valuation, then Buyer may, upon written notice to Seller at least two business days before the then-scheduled Expiration of Due Diligence PeriodClosing Date, elect to (i) close the transaction as contemplated with no a 3% reduction of the Purchase Price or (ii) terminate this Agreement. If Buyer terminates this Agreement in accordance with this Section 5(b), then this Agreement will have no further force or effect, the parties will have no further obligations to each other (except for any indemnities or other provisions that expressly survive termination of this Agreement) and Escrow Holder shall refund the Deposit to Buyer.

Property Valuation. Buyer may, at its sole cost and expense, may elect to retain an independent, third-party valuation consultant to prepare a valuation report (“Valuation Report”) for each of the properties that comprise the Property. If the sum of the values of the properties that comprise the Property (“Total Valuation”) is less than the Purchase Price, then Buyer and Seller agree to negotiate a reduction in the Purchase Price, provided that Seller shall not be obligated to sell the Property for an amount less than at Closing the Purchase Price pursuant will be reduced by the amount that the Purchase Price exceeds the Total Valuation; provided that Buyer will have no right to a Purchase Price reduction in excess of ten percent (10%) of the terms of this sectionoriginal Purchase Price without Seller’s written agreement. If the Purchase Price exceeds the Total Valuation by more than 10% of the Purchase Price, and Seller does not agree to reduce the Purchase Price to the Total Valuation, then Buyer may, upon written notice to Seller at least two business days before the then-scheduled Expiration of Due Diligence PeriodClosing Date, elect to (i) close the transaction as contemplated with no a 10% reduction of the Purchase Price or (ii) terminate this Agreement. If Buyer terminates this Agreement in accordance with this Section 5(b), then this Agreement will have no further force or effect, the parties will have no further obligations to each other (except for any indemnities or other provisions that expressly survive termination of this Agreement) and Escrow Holder shall refund the Deposit to Buyer.