Common use of Concurrent Notices Clause in Contracts

Concurrent Notices. In the event IFA and Developer deliver concurrent written Notices of conditional election to terminate under this Section 20.2, Developer’s Notice shall prevail. Notices shall be deemed to be concurrent if each Party sends its written Notice before actually receiving the written Notice from the other Party. Knowledge of the other Party’s written Notice obtained prior to actual receipt of the Notice shall have no effect on determining whether concurrent Notice has occurred.

Concurrent Notices. In the event ‌ If IFA and Developer deliver concurrent written Notices of conditional election to terminate under this Section 20.2, Developer’s Notice shall prevail. Notices shall be deemed to be concurrent if each Party sends its written Notice before actually receiving the written Notice from the other Party. Knowledge of the other Party’s written Notice obtained prior to actual receipt of the Notice shall have no effect on determining whether concurrent Notice has occurred.