Common use of Related Property Clause in Contracts

Related Property. Buyer has entered into a Contract of Sale/Contribution (the PARTNERSHIP SALE CONTRACT) with JPI-CGMEZZ LLC, JPI-MCMEZZ LLC, JPI GENPAR REALTY, LLC and JPI INVESTMENT COMPANY, LLC concerning Buyer's acquisition of certain partnership, limited liability company and limited partnership interests in the respective entities and a Contract of Sale/Contribution (the ASSET SALE CONTRACT) with JEFFERSON COMMONS - TUCSON PHASE II LIMITED PARTNERSHIP and JEFFERSON COMMONS - COLUMBIA, L.P. concerning Buyer's acquisition of real property therein described. If the Partnership Sale Contract or the Asset Sale Contract is terminated, either Seller or Buyer may terminate this Contract by written notice delivered to the other within 10 days after termination of the respective contract. Additionally, if Buyer fails to deposit the Earnest Money hereunder or under the Partnership Sale Contract or thx Xxxxx Sale Contract as required herein or therein, Sellers may terminate this Contract, and both the Partnership Sale Contract and the Asset Sale Contract by written notice delivered to Buyer within 3 days after Buyer's failure to timely deliver such Earnest Money. If this Contract is terminated under this Section, thx Xxxxxng Agent shall deliver the Earnest Money as provided in this Contract as though the reason for xxxx xxrmination under the Partnership Sale Contract and the Cash Contract also occurred under this Contract, and the parties thereafter have no further rights, liabilities, or obligations under this Contract, the Partnership Sale Contract or the Asset Sale Contract except for matters which expressly survive termination of either this Contract, the Partnership Sale Contract or the Asset Sale Contract. Seller's rights under this Section survive termination of this Contract. The intent of the parties is that this Contract, the Partnership Sales Contract and the Asset Sale Contract be cross defaulted.

Related Property. Buyer has entered into a Contract of Sale/Contribution (the PARTNERSHIP SALE CONTRACT) with JPI-CGMEZZ LLC, JPI-MCMEZZ LLC, JPI GENPAR REALTY, LLC and JPI INVESTMENT COMPANY, LLC concerning Buyer's acquisition of certain partnership, limited liability company and limited partnership interests in the respective entities and a Contract of Sale/Contribution (the ASSET SALE CONTRACT) with JEFFERSON COMMONS - TUCSON PHASE II LIMITED PARTNERSHIP and JEFFERSON COMMONS - COLUMBIA, L.P., and a Contract of Sale (the (CASH CONTRACT) with JEFFERSON COMMONS - LAWRENCE, L.P., and JEFFERSON COMMONS - WABASH, L.P. concerning Buyer's acquisition of real property therein described. If the Partnership Asset Sale Contract or the Asset Sale Cash Contract is terminated, either Seller or Buyer may terminate this Contract by written notice delivered to the other within 10 days after termination of the respective contractContract. Additionally, if Buyer fails to deposit the Earnest Xxxxxxx Money hereunder or under the Partnership Asset Sale Contract or thx Xxxxx Sale the Cash Contract as required herein or therein, Sellers may terminate this Contract, Contract and both the Partnership Asset Sale Contract and the Asset Sale Cash Contract by written notice delivered to Buyer within 3 days after Buyer's failure to timely deliver such Earnest either Xxxxxxx Money. If this Contract is terminated under this Section, thx Xxxxxng the Closing Agent shall deliver the Earnest Xxxxxxx Money as provided in this Contract as though the reason for xxxx xxrmination such termination under the Partnership Sale Contract and the Cash Contract also occurred under this Contract, Contract and the parties shall thereafter have no further rights, liabilities, or obligations under this Contract, the Partnership Asset Sale Contract or the Asset Sale Cash Contract except for matters which expressly survive termination of either this Contract, the Partnership Sale Contract or the Asset Sale Contracttermination. Seller's rights under this Section survive termination of this Contract. The intent of the parties is that this Contract, the Partnership Sales Asset Sale Contract and the Asset Sale Cash Contract be cross defaulted.

Related Property. Buyer has entered into a Contract of Sale/Contribution Sale (the PARTNERSHIP SALE CONTRACT) with JPI-CGMEZZ CG MEZZ LLC, JPI-MCMEZZ MC MEZZ LLC, JPI GENPAR REALTY, LLC and LLC, AND JPI INVESTMENT COMPANY, LLC L.P. concerning Buyer's acquisition of certain partnership, limited liability company and limited partnership interests in the respective entities and a Contract of Sale/Contribution Sale (the ASSET SALE CASH CONTRACT) with JEFFERSON COMMONS - TUCSON PHASE II LIMITED PARTNERSHIP LAWRENCE, L.P., and JEFFERSON COMMONS - COLUMBIAWABASH, L.P. concerning Buyer's acquisition of real property therein described. If the Partnership Sale Contract or the Asset Sale Cash Contract is terminated, either Seller or Buyer may terminate this Contract by written notice delivered to the other within 10 days after termination of the respective contract. Additionally, if Buyer fails to deposit the Earnest Money hereunder or under the Partnership Sale Contract or thx Xxxxx Sale txx Xxxx Contract as required herein or therein, Sellers may terminate this Contract, and both the Partnership Sale Contract and the Asset Sale Cash Contract by written notice delivered to Buyer within 3 days after Buyer's failure to timely deliver such Earnest Money. If this Contract is terminated under this Section, thx Xxxxxng txx Xxxxing Agent shall deliver the Earnest Money as provided in this Contract as though the reason for xxxx xxrmination xermination under the Partnership Sale Contract and the Cash Contract also occurred under this Contract, and the parties thereafter have no further rights, liabilities, or obligations under this Contract, the Partnership Sale Contract or the Asset Sale Cash Contract except for matters which expressly survive termination of either this Contract, the Partnership Sale Contract or the Asset Sale Cash Contract. Seller's rights under this Section survive termination of this Contract. The intent of the parties is that this Contract, the Partnership Sales Contract and the Asset Sale Cash Contract be cross defaulted.