Examples of Homeowner in a sentence
In the event that Homeowner fails to pay the taxes or other charges described in Section 6.1 above, CLT may increase Homeowner‘s Lease Fee to offset the amount of taxes and other charges owed by Homeowner.
In the case of any of the events of default described above, Homeowner hereby grants to the CLT (or its assignee) the option to purchase the Home for the Purchase Option Price as such price is defined in Article 10 above.
However, upon Homeowner‘s written request, the CLT may allow the Homeowner to pay all or a portion of the repair costs at or after transfer, from Homeowner‘s proceeds of sale, if Homeowner cannot afford to pay such costs prior to the transfer.
Within thirty (30) days after the expiration of any applicable cure period as established in Sections 12.1 or 12.2 above or within 30 days after any of the events constituting an Event of Default under Section 12.3 above, CLT shall notify the Homeowner and the Permitted Mortgagee(s) of its decision to exercise its option to purchase under this Section 12.4(b).
Such increase shall become effective upon CLT‘s written notice to Homeowner.