Common use of Agreement to Exchange Clause in Contracts

Agreement to Exchange. a. Unless Owner expressly designates otherwise in Paragraph 3 below, TPI will have the option to deposit the Unit for exchange through the Exchange Program operated by Trading Places International, LLC, a California limited liability company (the “Exchange Program”) if the Unit has not rented as of sixtieth (60th) calendar day prior to its initial date of occupancy; although TPI has no obligation to do so.

Agreement to Exchange. a. Unless Owner Member expressly designates otherwise in Paragraph 3 below, TPI will have the option to deposit the Unit for exchange through the Exchange Program operated by Trading Places International, LLC, a California limited liability company (the “Exchange Program”) if the Unit has not rented as of sixtieth (60th) calendar day prior to its initial date of occupancy; although TPI has no obligation to do so.