Acceptance by Declarant/Association Clause Samples
The "Acceptance by Declarant/Association" clause establishes that certain actions, rights, or obligations within an agreement are only valid or effective once formally accepted by the declarant or the association. In practice, this means that proposals, amendments, or responsibilities—such as changes to common areas or new rules—require explicit approval from the governing body or individual named as the declarant. This clause ensures that the declarant or association retains control over key decisions, preventing unauthorized changes and maintaining oversight, thereby safeguarding the integrity and consistency of the community or organization.
Acceptance by Declarant/Association. Declarant shall have the right to purchase the Condominium by giving an acceptance notice to Owner, with a copy to the Association within ten (10) business days after Declarant's receipt of Owner's written irrevocable Offer or within ten
Acceptance by Declarant/Association. Declarant shall have the right to purchase the Condominium by giving an acceptance notice to Owner, with a copy to the Association within ten (10) business days after Declarant’s receipt of Owner’s written irrevocable Offer or within ten (10) business days after the Offer is deemed to have been made, as the case may be. If within such ten (10) business day period the Declarant fails to give such acceptance notice to Owner and the Association, then the Association shall have the right to purchase the Condominium by giving an acceptance notice to Owner within fifteen (15) business days after the Association’s receipt of Owner’s irrevocable Offer or within fifteen (15) business days after the Offer is deemed to have been made, as the case may be. Any such acceptance notice given by Declarant or Association shall constitute a binding acceptance of Owner’s irrevocable Offer on the terms set forth in Section 1(c) hereof. In the event neither Declarant nor the Association timely accept an Offer required or deemed to have been made by an Owner as a result of an event of disqualification, the event of disqualification may be temporarily waived in writing by Declarant, and Owner shall not be required to sell and assign his Condominium until such temporary waiver is revoked in writing by Declarant or a subsequent event of disqualification occurs. Declarant may revoke such temporary waiver of a disqualified Owner at any time whether or not an additional event of disqualification has occurred. Upon a subsequent event of disqualification, or if Declarant revokes such temporary waiver, the disqualified Owner shall be subject to, and must follow the procedures set forth Article XIII and this Article XIV pertaining to the sale of Condominiums by disqualified or unqualified Owners. The failure of or refusal by the Declarant or Association to exercise the rights given by this Section 1(b) with respect to one such irrevocable Offer shall not constitute or be deemed to be a waiver of such rights under Section 1 of this Article XIV in the event of any subsequent irrevocable Offer.