Common use of Property Valuation Clause in Contracts

Property Valuation. Buyer 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 at Closing the Purchase Price 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 original Purchase Price without Seller’s written agreement. If the Purchase Price exceeds the Total Valuation by more than 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 Closing Date, elect to (i) close the transaction as contemplated with 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 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 at Closing the Purchase Price 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 original Purchase Price without Seller’s written agreement. If the Purchase Price exceeds the Total Valuation by more than 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 Closing Date, elect to (i) close the transaction as contemplated with 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 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 at Closing 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 will be reduced by pursuant to the amount that the Purchase Price exceeds the Total Valuation; provided that Buyer will have no right to a Purchase Price reduction in excess terms of three percent (3%) of the original Purchase Price without Seller’s written agreementthis section. If the Purchase Price exceeds the Total Valuation by more than 310% 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 Closing DateExpiration of Due Diligence Period, elect to (i) close the transaction as contemplated with a 3% 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 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 at Closing the Purchase Price 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 ten percent (310%) of the original Purchase Price without Seller’s written agreement. If the Purchase Price exceeds the Total Valuation by more than 310% 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 Closing Date, elect to (i) close the transaction as contemplated with a 3% 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 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 at Closing the Purchase Price 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 ten percent (310%) of the original Purchase Price without Seller’s written agreement. If the Purchase Price exceeds the Total Valuation by more than 310% 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 Closing Date, elect to (i) close the transaction as contemplated with a 310% 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.