Common use of Acceptance by Declarant or Association Clause in Contracts

Acceptance by Declarant or Association. Declarant shall have the right to purchase the Condominium by giving a written acceptance notice to Owner, with a copy to the Association, within ten (10) business days after Declarant's actual receipt of a complete copy of such bona fide offer and documents. If within such ten (10) day period 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 a written acceptance notice to Owner with a copy to Declarant, within fifteen (15) business days after the Association's actual receipt of a complete copy of such bona fide offer and documents. Any such acceptance notice given by Declarant or Association shall constitute a binding acceptance of Owner's irrevocable Offer to sell on the terms set forth in subsection (c) hereof.

Acceptance by Declarant or Association. Declarant shall have the right to purchase the Condominium by giving a written acceptance notice to Owner, with a copy to the Association, within ten (10) business days after Declarant's ’s actual receipt of a complete copy of such bona fide offer and documents. If within such ten (10) day period 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 a written acceptance notice to Owner with a copy to Declarant, within fifteen (15) business days after the Association's ’s actual receipt of a complete copy of such bona fide offer and documents. Any such acceptance notice given by Declarant or Association shall constitute a binding acceptance of Owner's ’s irrevocable Offer to sell on the terms set forth in subsection (c) hereof.