Common use of Disqualification Upon Death of Qualified Owner Clause in Contracts

Disqualification Upon Death of Qualified Owner. If the disqualification is the result of the death of a qualified Owner, as to the surviving spouse only, the initial four-month period set forth in Sections 1(a) and 1(b) of Article XIV shall in each and every case in this Article XIII be replaced by one year from the date of the death of the qualified Owner; provided, however, that if the surviving spouse meets the eligibility criteria set forth in Section 1(d) of this Article XIII, such surviving spouse shall remain eligible to own a Condominium until remarriage as set forth in Section 1(d) of this Article XIII.

Appears in 3 contracts

Samples: Joint Purchase Agreement, Joint Purchase Agreement, Joint Purchase Agreement

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Disqualification Upon Death of Qualified Owner. If the disqualification is the result of the death of a qualified Owner, as to the surviving spouse only, the initial four-four- month period set forth in Sections 1(a) and 1(b) of Article XIV shall in each and every case in this Article XIII be replaced by one year from the date of the death of the qualified Owner; provided, however, that if the surviving spouse meets the eligibility criteria set forth in Section 1(d) of this Article XIII, such surviving spouse shall remain eligible to own a Condominium until remarriage as set forth in Section 1(d) of this Article XIII.

Appears in 3 contracts

Samples: Joint Purchase Agreement, Joint Purchase Agreement, Joint Purchase Agreement

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