The Optionor definition
The Optionor has the absolute right to enter into this Letter of Agreement without first obtaining the consent of any other person or body corporate and no other person or body corporate has any agreement, option, right or privilege capable of becoming an agreement for the purchase of the Property or any interest therein.
The Optionor has first given Konigsberg written notice of the default containing particulars of the payment which Konigsberg has not made or the act which Konigsberg has not performed; and