Common use of SALE OF UNIT Clause in Contracts

SALE OF UNIT. In the event the Unit covered in this Agreement is sold after a confirmation has been issued into it based on the Unit’s rental or exchange hereunder, such sale must be subject to TPI’s exclusive right to use the applicable week(s). Owner shall be responsible to notify TPI not less than 60 days prior to sale’s closure, or within 48 hours of escrow, as may be applicable.

SALE OF UNIT. In the event the Unit covered in this Agreement is sold after a confirmation has been issued into it based on the Unit’s rental or exchange hereunder, such sale must be subject to TPI’s exclusive right to use the applicable week(s). Owner Member shall be responsible to notify TPI not less than 60 days prior to sale’s closure, or within 48 hours of escrow, as may be applicable.