Common use of Special Purchase Price Adjustment Clause in Contracts

Special Purchase Price Adjustment. In the event that the Closing Date is extended beyond January 30, 1998 for any reason other than on account of a default by Buyer hereunder, Buyer shall receive a credit at Closing against the Cash Purchase Price in an amount equal to interest on the Purchase Price calculated at the LIBOR Rate plus 2% per annum for the period from January 30, 1998 through the earlier of (a) the Closing Date and (b) sixty (60) days after January 30, 1998. Nothing in this SECTION 5.10 shall create a waiver of any other remedy of Buyer for a Seller default permitted under the provisions of this Agreement.

Special Purchase Price Adjustment. In the event that the Closing Date is extended beyond January 30, 1998 for any reason other than on account of a default by Buyer hereunder, Buyer shall receive a credit at Closing against the Cash Purchase Price in an amount equal to interest on the Purchase Price calculated at the LIBOR Rate plus 2% per annum for the period from January 30, 1998 through the earlier of (a) the Closing Date and (b) sixty (60) days after January 30, 1998. Nothing in this SECTION Section 5.10 shall create a waiver of any other remedy of Buyer for a Seller default permitted under the provisions of this Agreement.