Action by Owner Clause Samples
The "Action by Owner" clause defines the rights and procedures for the owner to make decisions or take specific actions under the contract. Typically, this clause outlines how the owner must communicate approvals, rejections, or requests for changes to the contractor, often requiring written notice or adherence to certain timelines. Its core practical function is to ensure that the owner's involvement in the project is clearly structured, reducing ambiguity and helping to prevent disputes about decision-making authority or process.
Action by Owner. The Owner may refuse to pay any item or items contained in any such Application for Payment until and unless documentation and details are submitted to the reasonable satisfaction of the Owner. While awaiting such documentation, the Owner may delete any item or items at issue, and elect to pay the items which are approved, indicating the revised total amount paid upon the invoice. The deleted items may be paid by an interim application for payment, or separately identified and included on a subsequent regular application for payment.
Action by Owner. The undersigned ▇▇▇▇▇▇ has read and fully understands the foregoing offer and hereby: accepts said offer and agrees to convey the Real Estate according to the above terms and conditions rejects said offer, or counteroffers according to the modifications initialed by ▇▇▇▇▇▇(s). Counteroffer shall become null and void if not accepted in writing on or before o’clock A.M P.M. Noon Midnight EASTERN STANDARD TIME , 20 . Owner acknowledges that Agency Disclosure Statement has been signed.
Action by Owner. The undersigned ▇▇▇▇▇▇ has read and fully understands the foregoing offer and hereby: accepts said offer and agrees to convey the Real Estate according to the above terms and conditions _rejects said offer, or _____ writing on or before o’clock A.M P.M. Noon _ Midnight EASTERN STANDARD ___________________ TIME_ , 20 . Owner acknowledges that Agency Disclosure Statement has been signed.
Action by Owner. The undersigned Seller has read and fully understands the foregoing offer and hereby:
Action by Owner. Couch agrees to vote any interest he owns in KCL or VCC, and to take such other actions as may be necessary in his capacity as the sole director and sole shareholder of VCC and the sole manager and sole member of KCL, to authorize and direct KCL and VCC to perform all of their respective obligations under this Agreement and under the Organizational Documents and other Transaction Documents to which either of them is a party.