Common use of Irrevocable Offers Clause in Contracts

Irrevocable Offers. Anytime an Owner is (i) disqualified upon purchase or acquisition of title to a Condominium, (ii) subsequently becomes disqualified following purchase or acquisition of title to a Condominium, or (iii) ceases to permanently occupy his Condominium as his principal residence, the Owner shall be deemed to have made an irrevocable Offer as of the date of disqualification or cessation of permanent occupancy to sell his Condominium to Declarant or Association pursuant to the provisions of Section 1(b) of Article XIV.

Appears in 6 contracts

Samples: Joint Purchase Agreement, Joint Purchase Agreement, Joint Purchase Agreement

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