NOTICE TO THE FOUNDATION Sample Clauses

NOTICE TO THE FOUNDATION. IN THE EVENT OF A PROPOSED SALE OF A LOT BY AN OWNER, AND EXCLUDING ANY SALE OR TRANSFER PURSUANT TO A DECREE OF FORECLOSURE OR PURSUANT TO ANY PROCEEDING IN LIEU OF FORECLOSURE, THE OWNER SHALL PROMPTLY NOTIFY THE FOUNDATION IN WRITING OF THE PROPOSED SALE WITHIN FIVE (5) DAYS AFTER EXECUTING A PURCHASE AND SALE AGREEMENT AND SHALL PROVIDE (I) THE NAME AND ADDRESS OF THE PROPOSED PURCHASER, (II) THE ESTIMATED CLOSING DATE FOR THE TRANSACTION AND (III) A FULLY COMPLETED AND EXECUTED APPLICATION FOR MEMBERSHIP IN THE FOUNDATION ("“NOTICE"”). SAID APPLICATION MAY INCLUDE CONSENTS TO FOUNDATION’S PERFORMANCE OF BOTH A CREDIT CHECK AND BACKGROUND CHECK ON THE APPLICANT, TO WHICH THE APPLICANT SHALL CONSENT. THE FOUNDATION SHALL FURNISH TO THE OWNER AND THE PROPOSED PURCHASER A CERTIFICATE IN WRITING SETTING FORTH WHETHER THE ASSESSMENTS HAVE BEEN PAID (THE "“CERTIFICATE"”). IN ADDITION, THE FOUNDATION SHALL FURNISH TO THE PROPOSED PURCHASER A COPY OF THE DECLARATION AND AMENDMENTS. AS A CONDITION TO THE ISSUANCE OF THE AFOREMENTIONED CERTIFICATE AND PROVIDING THE FOUNDING DOCUMENTS, THE FOUNDATION SHALL BE ENTITLED TO CHARGE AND COLLECT A FEE FROM THE OWNER FOR PROCESSING ANY PROPOSED SALE OR TRANSFER OF A LOT AND SUCH FEE SHALL BE IN AN AMOUNT ESTABLISHED BY THE BOARD FROM TIME TO TIME IN ITS SOLE DISCRETION, SUBJECT TO ANY LIMITATION PROVIDED BY FLORIDA LAWAPPLICABLE LAWS. IN THE EVENT THAT THERE ARE UNPAID ASSESSMENTS OWED BY THE OWNER, THE FOUNDATION SHALL BE ENTITLED TO EXERCISE ALL RIGHTS AND REMEDIES AVAILABLE TO IT FOR COLLECTION OF THE ASSESSMENTS AS SET FORTH IN THIS DECLARATION. THE OWNER'S FAILURE TO PAY ALL UNPAID ASSESSMENTS, AND ACCRUED INTEREST THEREON, IF ANY, BEFORE THE CLOSING OF THE SALE OF A LOT MAY RESULT IN THE SUSPENSION OF CERTAIN RIGHTS AND PRIVILEGES PROVIDED TO THE NEW OWNER TO THE EXTENT PERMITTED BY APPLICABLE LAWLAWS. THE FOUNDATION MAY DELEGATE ITS OBLIGATION TO FURNISH SUCH CERTIFICATE AND ITS RIGHT TO COLLECT THE FEE FOR PROVIDING SUCH SERVICE TO A MANAGEMENT COMPANY HIRED BY THE FOUNDATION.
Sample 1
AutoNDA by SimpleDocs

Related to NOTICE TO THE FOUNDATION

  • Notice to the Union At the time notice of displacement is issued, a copy of the notice shall be sent to the Union xxxxxxx.

  • Notice to the Company The Option shall be exercised in whole or in part by written notice in substantially the form attached hereto as Exhibit A directed to the Company at its principal place of business accompanied by full payment as hereinafter provided of the exercise price for the number of Option Shares specified in the notice.

  • Notice to the Holder Whenever the Conversion Price is adjusted pursuant to any provision of this Section 5, the Company shall deliver to each Holder within two (2) Business Days a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • NOTICE TO BUYER Do not sign this agreement before you read it or if it contains any blank spaces. This is a legal instrument. All pages of this contract are binding. Read both sides of all pages before signing. You are entitled to an exact copy of the agreement, school catalog, and any other papers you may sign, and are required to sign a statement acknowledging receipt of those.

  • Notice to Company Indemnitee shall provide to the Company prompt written notice of any Proceeding brought, threatened, asserted or commenced against Indemnitee with respect to which Indemnitee may assert a right to indemnification hereunder; provided that failure to provide such notice shall not in any way limit Indemnitee’s rights under this Agreement.

  • Notice to NASD In the event any person or entity (regardless of any NASD affiliation or association) is engaged to assist the Company in its search for a merger candidate or to provide any other merger and acquisition services, the Company will provide the following to the NASD and EBC prior to the consummation of the Business Combination: (i) complete details of all services and copies of agreements governing such services; and (ii) justification as to why the person or entity providing the merger and acquisition services should not be considered an "underwriter and related person" with respect to the Company's initial public offering, as such term is defined in Rule 2710 of the NASD's Conduct Rules. The Company also agrees that proper disclosure of such arrangement or potential arrangement will be made in the proxy statement which the Company will file for purposes of soliciting stockholder approval for the Business Combination.

  • NOTICE TO THE CLASS 4.1 The Notice Plan shall consist of the following:

  • Notice to Landlord If Tenant desires to assign this Lease or any interest herein, or to sublet all or any part of the Premises, then at least thirty (30) days but not more than one hundred eighty (180) days prior to the effective date of the proposed assignment or subletting, Tenant shall submit to Landlord in connection with Tenant's request for Landlord's consent:

  • Notice of Delay 12.1. When anything delays or threatens to delay the timely performance of the Purchase Order, Supplier must immediately provide written notice to Buyer in writing of all relevant information, including but not limited to the reasons for the potential delay and Supplier’s short-term and long-term mitigation actions.

Time is Money Join Law Insider Premium to draft better contracts faster.