Examples of Commercial Owner in a sentence
The Original Owner or Commercial Owner of any structure must complete the Certificate of Registration provided with the Product order and mail it to NBP at 0000 Xxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000 within 30 days of the date of Product delivery in order to validate this Warranty and qualify for its benefits.
The Commercial Owner Subclass shall not include Owners, other than Mortgagees, who purchased Affected Properties with knowledge that the properties contained KPT Chinese Drywall and/or Non-KPT Chinese Drywall.
The Commercial Owner Subclass also shall not include Owners who sold or otherwise disposed of Affected Properties except for former owners who lost Affected Properties due to foreclosure or sold Affected Properties to mitigate losses.
Each Buyer of a Residential Unit or subsequent owner thereof, by taking title thereto, acknowledges and agrees that Initial Commercial Owner has no responsibility for and shall be deemed to have waived any and all claims against Initial Commercial Owner arising out of or associated with Seller’s improvements, including without limitation, its construction and sales.
Initial Commercial Owner shall have no responsibility for the construction of the Residential Development and/or the sale of the Residential Units.