Common use of Consent of Declarant Clause in Contracts

Consent of Declarant. In giving or withholding its consent to any sublease, Declarant's decision shall give due consideration to the policies reflected in the restrictions set forth in Article XIII hereof. Declarant shall not approve a sublease by a qualified Owner to an unqualified person unless: (i) the Owner satisfies the Declarant that the Owner's absence from the Project is not contemplated to be longer than one (1) year; (ii) the Owner provides satisfactory proof to Declarant that after reasonable notice no qualified person is available who is willing to sublease the Condominium for the same length of time; and (iii) the unqualified person who is the proposed sublessee is a student, employee, faculty or staff member of Pepperdine University. Nothing herein shall be construed to prevent Declarant from imposing different or additional requirements or prohibitions with respect to subleasing or subletting, or assignment or sale or other transfer of Owner's possession of occupancy or use of a Condominium. Any leases or subleases in violation of these provisions shall be null and void.

Consent of Declarant. In giving or withholding its consent to any sublease, Declarant's ’s decision shall give due consideration to the policies reflected in the restrictions set forth in Article XIII hereof. Declarant shall not approve a sublease by a qualified Owner to an unqualified person unless: (i) the Owner satisfies the Declarant that the Owner's ’s absence from the Project is not contemplated to be longer than one (1) year; (ii) the Owner provides satisfactory proof to Declarant that after reasonable notice no qualified person is available who is willing to sublease the Condominium for the same length of time; and (iii) the unqualified person who is the proposed sublessee is a student, employee, faculty or staff member of Pepperdine University. Nothing herein shall be construed to prevent Declarant from imposing different or additional requirements or prohibitions with respect to subleasing or subletting, or assignment or sale or other transfer of Owner's ’s possession of occupancy or use of a Condominium. Any leases or subleases in violation of these provisions shall be null and void. Escrow No. Order No.