Purchase Price Credit. Buyer and Seller have agreed that Buyer shall receive a credit against the Purchase Price at Closing in the amount of TWO HUNDRED THOUSAND DOLLARS ($200,000.00) as an accommodation for certain conditions discovered during Buyer’s inspections of the Property.
Purchase Price Credit. Sellers agree, at Closing, to provide Purchaser a credit against the Purchase Price equal to One Hundred Eight Thousand and No/100 Dollars ($108,000.00) (the “Purchase Price Credit”), which the parties agree shall be allocated among the Properties in proportion to their relative square footage.
Purchase Price Credit. Seller shall provide Purchaser a credit against the Purchase Price at Closing in the amount of Seventy-Four Thousand Thirty-Five Dollars ($74,035) on account of certain property condition matters discovered by Purchaser during its due diligence investigation, including, without limitation, with respect to concrete, the roof work and ceiling support beams.
Purchase Price Credit. Seller shall provide Purchaser with a credit against the Purchase Price at Closing in the amount of One Hundred Seventy-Five Thousand and No/100 Dollars ($175,000.00 US) for any and all other inspection related items identified by Purchaser and Seller shall have no further obligations with respect thereto.
Purchase Price Credit. Section 9(b)(i)(A) of the Agreement is hereby amended and restated as follows:
Purchase Price Credit. Purchaser acknowledges that Seller (as the successor in interest to National Assistance Bureau, Inc.) leases the Facility to The Waters of Scottsburg II, LLC, pursuant to that certain Lease dated December 30, 2008 as amended by First Amendment to Lease dated January 1, 2010, by Second Amendment to Lease dated July 1, 2010, by Third Amendment to Lease dated November 18, 2010, by Fourth Amendment to Lease Dated October 7, 2011, and by the Fifth Amendment to Lease dated as of June _______, 2012 (as amended and assigned, the "Lease"). Notwithstanding anything contained in the Lease or the Purchase Agreement to the contrary, but provided that the Tenant is not in default under the Lease at the time of the Closing, Seller agrees that Purchaser shall be entitled to a credit against the Purchase Price in an amount equal to $5,000 per month for each month after July 1, 2012 and running through the Closing Date. By way of example, if the Closing occurs December 31, 2012, the Purchaser would be entitled to a credit against the Purchase Price in the amount of $30,000.
Purchase Price Credit. Notwithstanding anything to the contrary as contained in the Purchase Agreement, Buyer’s Objection Notice, or Sellers’ Cure Election Notice, Buyer and Sellers hereby acknowledge and agree that, in connection with certain matters relating to the condition of the Property and leasing matters at the Property, Sellers have agreed to provide Buyer an aggregate credit against the Purchase Price at Closing in the amount of Two Million Three Hundred Sixteen Thousand and 00/100 Dollars ($2,316,000.00). Accordingly, all references to the “Purchase Price” in the Purchase Agreement shall be deemed to refer to the sum of Two Hundred Twenty-Three Million Three Hundred Sixteen Thousand and 00/100 Dollars ($223,316,000.00), and all references to the “Purchase Price Allocation” shall be deemed to refer to the following allocation of the Purchase Price: (i) with respect to the Fort Union Improved Parcel, One Hundred Thirty-One Million Four Hundred Seventy-One Thousand One Hundred Nine and 00/100 Dollars ($131,471,109.00); (ii) with respect to the Orem Improved Parcel, Sixteen Million Nine Hundred Sixty Thousand Three Hundred Forty One and 00/100 Dollars ($16,960,341.00); and (iii) with respect to the Taylorsville Improved Parcel, and 00/100 Dollars ($74,884,550.00).
Purchase Price Credit. If on any day, Seller is deemed to have received a Deemed Collection with respect to any Receivable sold by it to Buyer hereunder, then, in such event, Buyer shall be entitled to a credit (each, a “Purchase Price Credit”) against the Purchase Price otherwise payable to Seller hereunder in an amount equal to such Deemed Collection.
Purchase Price Credit. Purchaser shall receive a credit at Closing against the Purchase Price in an amount equal to $30,000.00 for the purpose of making capital repairs to the Property.
Purchase Price Credit. Section 3 of the First Amendment is hereby deleted in its entirety and, for the avoidance of any doubt, the credit referenced therein shall be null and void and of no further force or effect.
