Group B Properties Sample Clauses

Group B Properties. 25.1 (a) Seller and Purchaser acknowledge that the parties hereto are negotiating the sale and purchase of certain additional properties (the "Group B Properties") set forth on Schedule 25.1 hereto, pursuant to a separate agreement (the "Group B Agreement") among the "Group B Seller" and the "Group B Purchaser." Purchaser acknowledges that its acquisition of the Group B Properties by the Group B Purchaser constitutes an integral part of a planned liquidation of Philips International Realty Corp. (the "REIT") and Philips International Realty, L.P. ("Philips"). Accordingly, provided that this Agreement is not terminated as expressly permitted herein prior to the expiration of the Inspection Period, Purchaser agrees (a) to reasonably cooperate and assist, at Sellers' expense, to the extent necessary in the preparation and furnishing of information required to be incorporated into the REIT's proxy statement, and (b) to proceed in good faith to acquire all the Properties (and the Ground Lease) hereunder and all of the Group B Properties, subject at all times to the terms and conditions of this Agreement and the Group B Agreement. In the event that this Agreement is terminated as expressly permitted herein, the Group B Agreement shall, without further action by the parties hereto or thereto, be automatically terminated.