Covenants, Conditions and Restrictions. (“CC&Rs”). Seller shall draft CC&Rs for Buyer’s review prior to the expiration of the Inspection Period, and Buyer shall approve the CC&Rs so long as they are reasonable. If buyer does not believe that the CC&Rs are reasonable, it shall give Seller written notice specifying its objections and Seller and Buyer shall attempt to negotiate a final set of CC&Rs prior to the expiration of the Inspection Period. If Seller or its affiliate is the declarant and/or governing architectural review authority under the CC&Rs, then upon Buyer’s submittal from time to time, Seller shall approve Buyer’s submittals so long as they are in accordance with the CC&Rs.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (HF Enterprises Inc.), Purchase and Sale Agreement (HF Enterprises Inc.), Purchase and Sale Agreement (HF Enterprises Inc.)
Covenants, Conditions and Restrictions. (“CC&Rs”). Seller shall draft CC&Rs for Buyer’s review prior to the expiration of the Inspection Pre-Closing Period, and Buyer shall approve the CC&Rs so long as they are reasonable. If buyer Buyer does not believe that the CC&Rs are reasonable, it shall give Seller written notice specifying its objections and Seller and Buyer shall attempt to negotiate a final set of CC&Rs prior to the expiration of the Inspection Pre-Closing Period. If Seller or its affiliate is the declarant and/or governing architectural review authority under the CC&Rs, then upon Buyer’s submittal from time to time, Seller shall approve Buyer’s submittals so long as they are in accordance with the CC&Rs.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (HF Enterprises Inc.), Purchase and Sale Agreement (HF Enterprises Inc.), Purchase and Sale Agreement (SeD Intelligent Home Inc.)
