Event of Disqualification. A qualified person or qualified Owner shall become disqualified if an event occurs which prevents such person or Owner from continuing to meet such qualifications, and such event is hereby defined as an "event of disqualification;" provided, however, that a change in eligibility criteria in Section 1(a) above of this Article XIII during a period of occupancy or use by a person or Owner who is qualified immediately before such change shall not in itself be deemed an event of disqualification; and provided that a change of jobs within the continued employment of Pepperdine University shall not be deemed an event of disqualification even though the new job does not meet the then effective eligibility criteria, unless the employee had actual knowledge at the time he purchased his Condominium that a change of jobs within the continued employment of Pepperdine University could or would constitute a disqualifying event for such Owner.
Appears in 6 contracts
Samples: Joint Purchase Agreement, Joint Purchase Agreement, Joint Purchase Agreement
