Sale of the Unit. 5.1. ***** 5.2. *****
Sale of the Unit. The OWNER agrees to notify HMP if the UNIT is listed for sale either by a real estate agent or by OWNER. HMP will cooperate with the OWNER to effectively market the unit, but will not be required to inconvenience any rental guest. If the UNIT is sold during the term of this agreement, such sale shall be subject to all confirmed reservations and/or executed leases arranged by HMP. HMP will attempt to relocate, wherever possible, any occupants with confirmed reservations, provided the new owner does not continue in the rental program.
Sale of the Unit. If Owner intends to sell or otherwise transfer ownership of the Unit, Owner will notify Manager in writing of Owner's intention to sell or transfer not less than 10 days prior to the Unit being listed for sale or otherwise transferred. Owner agrees and grants to Manager the right to:
1. Require all sales agents or other persons wishing to inspect the Unit to coordinate access to the unit through Manager's rental department.
2. Prohibit the showing or inspection of the Unit when the unit is occupied or being rented to any Guest;
3. Manager may at its sole discretion immediately terminate this agreement without notice and transfer any pending reservations, if in the opinion of Manager, Unit inspections and the Manager's rental operations of the Unit cannot be properly coordinated.
4. Owner further agrees to provide Manager with written notice upon the signing of a purchase and sale agreement or transfer agreement relating to the Unit at least 5 days prior to the closing of the sale or transfer of the Unit.
Sale of the Unit. In the event the Owner decides to sell the subject Property during the period of this agreement, the owner shall notify PPM of the intent to sell and will coordinate all showings through PPM.
Sale of the Unit. In the event the Owner decides to sell the subject Property during the period of this agreement, the Owner shall notify Agent of the intent to sell and will coordinate reasonable showings through Agent.
Sale of the Unit. If Owner intends to sell or otherwise transfer ownership of the Unit, then Owner shall advise BBRM in writing at least 10 days prior to the Unit being listed for sale, and at least 30 days prior to transfer. Owner hereby grants to BBRM the right at BBRM’s reasonable discretion to:
a. Require all sales agents or other persons wishing to inspect the Unit to request at least 24 hours in advance, and sign for, keys to the Rental Unit.
b. Prohibit the showing or inspection of the Unit for a period not to exceed 12 hours prior to the arrival of any Guest assigned to the Unit.
c. Prohibit the showing or inspection of the Unit when the Unit is occupied or being rented to any Guest.
d. Require all keys to the Unit issued to sales agents or inspectors to be returned on the same day of issuance.
e. Require a reasonable security deposit or other reasonable item of monetary value as security for any key issued. Owner shall provide BBRM with written notice upon the signing of a purchase and sale agreement or transfer agreement relating to the Unit at least 30 days prior to the closing of the sale or transfer of the Unit. Owner’s written notice shall include the name and contact details of the buyer or transferee to allow BBRM to provide the new owner with a Rental Management Agreement. Unless BBRM receives written notice from Owner to the contrary, BBRM shall discontinue rental of the Unit as of the closing date shown on any estoppel, sale, or closing date notices received by BBRM from a title company or real estate agent. Owner shall be responsible for notifying BBRM in writing if the closing is cancelled or postponed, and whether Owner wishes BBRM to continue renting the Unit in light of the cancellation or postponement.
Sale of the Unit. 5.3. The contract price under a Third Party Sale shall be paid as follows:
5.3.1. that part of the contract price equal to the Builder’s Stacking Costs plus the Final Installment Interest Amount shall be paid by the Third Party Purchaser to the Builder;
5.3.2. that part of the contract price equal to the sum of (i) the Purchaser’s Crewing Costs at the Builder’s shipyard, (ii) all costs and expenses of the Purchaser relating to the purchase and supply of Purchaser’s Supplies for the Unit which have not been returned to the Purchaser, (iii) all costs and expenses of the Purchaser relating to the preparation for operation of the Unit at the Builder’s shipyard, and (iv) interest on the First Instalment calculated at three percent (3%) above LIBOR from the date of payment of the First Instalment by the Purchaser to the date of payment of the sum referred to in paragraph
3.3.1 below (such interest shall be calculated on the basis of a three hundred and sixty (360) day year and compounded monthly) shall be paid by the Third Party Purchaser to the Purchaser; and
5.3.3. the balance of the contract price after deduction of the sums referred to in Clauses 5.3.1 and 5.3.2 above shall be paid as follows:
Sale of the Unit. If the Unit is sold, the sale will be subject to the new owner agreeing to honor all confirmed reservations for the future rental of the Unit, unless the reservations have been relocated by Manager. Owner will cause the purchaser of the Unit to specifically assume such obligations in writing. At the time of sale of the Unit, Owner will return all logo items of Manager in the Unit, including but not limited to blankets, pillows, robes, hangers, guest amenities, if any, and all rental linens.
Sale of the Unit. If Owner intends to show the Unit, then Owner hereby grants to MANAGEMENT the right at MANAGEMENT’s reasonable discretion that:
Sale of the Unit
