Common use of Purchaser and Seller Clause in Contracts

Purchaser and Seller. acknowledge that the Purchase Price is based in part on the projected revenue of the Property based upon the current rent roll for the Property. Purchaser and Seller agree to negotiate in good faith to agree on a fair and equitable increase or decrease in the Purchase Price in the event that the projected revenue of the Property increases or decreases between the effective date of this Agreement and that date which is seven (7) days prior to the Closing Date.

Appears in 5 contracts

Samples: Agreement of Sale and Purchase (American Campus Communities Inc), Agreement of Sale and Purchase (American Campus Communities Inc), Agreement of Sale and Purchase (American Campus Communities Inc)

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