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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />" (b) <br /> <br />In the event that title to the Sales <br /> <br />Parcel is not conveyed to Participant on or before <br /> <br />the date set for such conveyance in Attachment No. 5 <br />entitled, 'Schedule of Performance,' by reason of <br /> <br /> <br />Participant's delay or failure in the performance <br /> <br /> <br />of any term or condition of this Agreement, Agency <br /> <br /> <br />shall immediately be released from any obligation <br /> <br /> <br />under this Agreement to'convey the said Sales Parcel <br /> <br /> <br />to Participant and Participant shall immediately be <br /> <br /> <br />obligated to assign, transfer, or convey to. Agency <br /> <br /> <br />all its rights, title and interest in the Parcels <br /> <br /> <br />comprising the Participation Parcel. Participant <br /> <br /> <br />shall assign its interest in Participant's contracts <br /> <br /> <br />to purchase such parcels and its rights under cor- <br />responding escrow arrangements to Agency, unless, <br /> <br /> <br />as to any such parcel, Participant has at such time <br /> <br /> <br />acquired title to such parcel, or such assignment <br />/ <br /> <br />-- <br /> <br />requires the consent of the seller and such consent <br /> <br /> <br />is not immediately forthcoming, in either of which <br /> <br /> <br />event Participant shall promptly proceed to acquire <br />title to such parcel and shall immediately convey <br /> <br /> <br />the same to Agency by grant deed, in return for <br /> <br /> <br />which Agency shall pay to Participant a purchase <br /> <br /> <br />price equal to the price by which Participant <br /> <br /> <br />purchased such parcel. <br />"(c) IN THE EVENT THAT AGENCY'S OBLIGATIONS TO <br />PROCEED WITH THE CONVEYANCE OF THE SALES PARCEL TO <br />PloRTICIPANT IS TERlllNATED DUE 'ro PAR'rrCIPANT'S <br />DEFAUUr UNDER EITHER PARAGRAPH (a) or (b) OF THIS <br />SECTION, AGENCY MAY RETAIN THE ENTIRE DEPOSIT REQUIRED <br />BY HEREINBELOW SECTION VI.A. AS LIQUIDATED DAMAGES <br />AND AS ITS PROPERTY WITHOUT ANY REDUCTION, OFF~ET, OR <br />RECOUPMENT WHATSOEVER. AGENCY AND PARTICIPANT AGREE <br />THAT IT WOULD BE IMPRACTICAL OR EXTREMELY DIFFICULT <br /> <br />5. <br /> <br />4F <br /> <br />\4~ <br />