Response; Forty-Five (45) Day Time Limit Sample Clauses

Response; Forty-Five (45) Day Time Limit. If the offeree Unit Owner desires to purchase the Offered Interest of the selling Unit Owner, then it shall deliver notice ("Purchase Notice") to the selling Unit Owner by registered or certified mail, return receipt requested, or better service with evidence of delivery, to its address set forth in Section 12.06. A Purchase Notice shall cover the entire Offered Interest or shall be deemed invalid. To be valid, each such Purchase Notice must be executed by the offeree Unit Owner and shall contain or enclose the following: (A) Certified copies of resolutions or motions duly adopted by the governing body of the offeree Unit Owner authorizing unconditional exercise of the right of first refusal and consummation of the purchase of the Offered Interest in accordance with the terms and conditions of this Section 9.08: (B) A statement of the Purchase Price; (C) The legal description of the Offered Interest; (D) The agreement that the offeree Unit Owner shall accept title to the Offered Interest, with only those representations and warranties as are customary for an "AS IS/WHERE IS" sale of real estate. The sale may be conditioned upon a nationally recognized title insurance company being prepared to issue title insurance to the offeree Unit Owner upon recordation of the deed, subject only to such liens, encumbrances and other exceptions to title as shall be reasonably acceptable to the offeree Unit Owner. To validly exercise the right of first refusal granted in this section, the offeree Unit Owner must cause its Purchase Notice to be received by the selling Unit Owner not later than forty-five (45) calendar days after the date of receipt by the offeree Unit Owner of the Notice. If the offeree Unit Owner fails to cause the selling Unit Owner to receive a timely, valid Purchase Notice, the offeree Unit Owner shall be deemed to have automatically waived its rights of first refusal in respect to such sale of the Offered Interest. If no valid Purchase Notice is timely received by the selling Unit Owner, the selling Unit Owner shall have the absolute right to sell the Offered Interest as provided in Section 9.08(e). Upon request of the selling Unit Owner, the waiving offeree Unit Owner shall promptly furnish, without charge, to the selling Unit Owner an irrevocable written waiver of its right of first refusal with respect to such purchase of the Offered Interest. Such waiver shall be in form acceptable to the selling Unit Owner's title insurer.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs

Related to Response; Forty-Five (45) Day Time Limit

  • Response Times Qubit bases its response times and the actions it takes to resolve problems on an assessment of the impact of the reported technical issue. The more serious the impact, the higher the assigned priority. For all support issues relating to Customer, Qubit will respond in accordance with Table 1: P1 1 hour 4 hours P2 1 hour 8 hours P3 4 hours 72 hours P4 1 business day Next or a later major release **The Priority Levels are defined in Section II(2) below.

  • Response Time PROVIDING PARTY shall respond to and resolve any problems in connection with the Corporate Services for RECEIVING PARTY within a commercially reasonable period of time, using response and proposed resolution times consistent with its response and resolution of such problems for itself.

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • Response to Notice Within ten business days of receiving the Claim Notice, the Respondent must notify the Claimant of its representative to negotiate the dispute.

  • Date of Completion The Developer must ensure that the Developer’s Works reach Completion on or before the date or milestone referred to in clause 1 of Schedule 3 of this document.

  • Response to Objections Each Party retains the right to respond to any objection raised by a Participating Class Member, including the right to file responsive documents in Court no later than five court days prior to the Final Approval Hearing, or as otherwise ordered or accepted by the Court.

  • Notice of Completion The Interconnection Customer shall notify the Transmission Provider and the Interconnected Transmission Owner in writing when it has completed construction of (i) the Customer Facility;

  • WORKING DAY BEFORE AUCTION DATE Any intending bidder who intends to bid on behalf of another person, body corporate or firm is required to deposit with the Auctioneer prior to the auction sale an authority letter to state that he/she is acting on behalf of another person, body corporate or firm and he/she is authorised to sign all the necessary documents. All intending bidders shall be required to verify their identities by showing to the Auctioneer their identity cards prior to the commencement of the auction, failing which, they shall not be entitled to bid. In the event that the Bumiputra lot is sold to a non Bumiputra or if the successful bidder is below the age of 18 or is an undischarged bankrupt or is not legally competent to purchase the property, then such sale shall be cancelled and the deposit paid shall be refunded to the successful bidder and thereafter the Assignee shall be at liberty to put up the property for sale. A foreign citizen/foreign company may be allowed to bid for the property and if the bid is successful, the sale is subject to the foreign citizen/company applying and obtaining at his/her/its own cost to the Economic Planning Unit (if applicable) and/or relevant State Authority for the unconditional consent to the sale within the period stated in Clause 11 hereof but subject to Clause 22 hereof.

  • Review Period The Asset Representations Reviewer will complete the Review of all of the Review Receivables within sixty (60) days after having received access to the Review Materials pursuant to Section 3.2(a). However, if additional Review Materials are provided to the Asset Representations Reviewer in respect of any Review Receivables pursuant to Section 3.2(b), the Review period will be extended for an additional thirty (30) days in respect of any such Review Receivables.

  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!