Common use of Review and Execution of Sales Agreements Clause in Contracts

Review and Execution of Sales Agreements. Salespersons ---------------------------------------- shall be authorized only to obtain offers from prospective buyers of the Homes and shall have no authority to accept such offers or enter into binding agreements for the sale of the Homes. A senior executive officer of Builder shall be responsible for reviewing and approving each and every sales agreement, and each sale shall be effected using only those forms of sales agreements and other documents previously approved by both Builder and Owner. If a sales agreement for a Home that is reviewed by Builder is in a form and contains only those terms that have been approved by Owner, and if Builder believes in good faith that the sale transaction proposed by such sales agreement should be entered into by Owner, then one of the above-described senior executive officers of Builder acting as an agent of Owner, shall execute such sales agreement on behalf of Owner; and

Review and Execution of Sales Agreements. Salespersons ---------------------------------------- ----------------------------------------- shall be authorized only to obtain offers from prospective buyers of the Homes and shall have no authority to accept such offers or enter into binding agreements for the sale of the Homes. A senior executive officer of Builder shall be responsible for reviewing and approving each and every sales agreement, and each sale shall be effected using only those forms of sales agreements and other documents previously approved by both Builder and Owner. If a sales agreement for a Home that is reviewed by Builder is in a form and contains only those terms that have been approved by Owner, and if Builder believes in good faith that the sale transaction proposed by such sales agreement should be entered into by Owner, then one of the above-described senior executive officers of Builder acting as an agent of Owner, shall execute such sales agreement on behalf of Owner; and