ELEVENTH AMENDMENT TO AGREEMENT OF PURCHASE AND SALE
DATED FEBRUARY 13, 1997
by and between
VESTAR DEVELOPMENT CO., an Arizona corporation ("PURCHASER"),
and
GLENDALE FASHION CENTER LIMITED PARTNERSHIP,
an Illinois limited partnership ("SELLER")
RECITALS
A. The parties have entered into the above-described Agreement of Purchase
and Sale, as amended by the First through Tenth Amendments ("Agreement").
B. The parties now wish to further amend the Agreement in the manner set
forth below.
1. The Parties agree that the Closing Date is extended to and
including December 9, 1997.
2. All capitalized terms used in this Eleventh Amendment, to the
extent not otherwise expressly defined herein, shall have the same meanings
ascribed to such terms in the Agreement or the Escrow Agreement.
3. Except as modified herein, the Agreement, as amended by this
Amendment, shall remain in full force and effect.
4. This Eleventh Amendment may be executed in multiple
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same agreement.
5. The parties hereto agree and acknowledge that a facsimile copy
of any party's signature on this Eleventh Amendment shall be enforceable
against such party as an original. The parties hereto further agree that
this Eleventh Amendment shall be enforceable by and between the Purchaser and
Seller prior to the execution of this Eleventh Amendment by Escrow Agent.
SELLER: GLENDALE FASHION CENTER LIMITED
PARTNERSHIP, an Illinois limited partnership
By: Glendale Fashion Center Partners, Inc., an
Illinois corporation, its general partner
By /s/ Xxxxxxx X. Xxxxxx
-----------------------
Name Xxxxxxx X. Xxxxxx
-----------------------
Its Managing Director
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PURCHASER: VESTAR DEVELOPMENT CO., an Arizona
corporation
By /s/Xxx X. Xxxxxx
----------------
Name Xxx X. Xxxxxx
----------------
Its President
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