Common use of Material Changes in the Project Clause in Contracts

Material Changes in the Project. Where, after this Purchase Agreement has become binding in accordance with Section D.6, there is a Material Change in the Project, Purchaser may rescind this Purchase Agreement within thirty (30) calendar days of Purchaser's receipt of a copy of a Disclosure Document providing a description of the Material Change and a Notice of Right to Rescind Sales Contract and Purchaser's Receipt, prescribed by the Commission, regarding Purchaser's thirty (30)-day rescission right. As provided in Section 514B-87 of the Hawaii Revised Statutes, as amended, Purchaser may waive Purchaser's right to rescind this Purchase Agreement by: (a) checking the waiver box on the Option to Rescind Sales Contract – Rescission or Waiver Form, prescribed by the Commission, signing it, and returning it to Seller; (b) allowing the thirty (30)day rescission period to expire without taking any action to rescind; or (c) closing the purchase of the Unit before the thirty (30)-day rescission period expires. In the event Purchaser rescinds this Purchase Agreement pursuant to this Section, Purchaser shall be entitled to a prompt and full refund of all monies paid, plus any interest earned thereon.

Material Changes in the Project. Where, after this Purchase Agreement has become binding in accordance with Section D.6, there is a Material Change in the Project, Purchaser may rescind this Purchase Agreement within thirty (30) calendar days of Purchaser's ’s receipt of a copy of a Disclosure Document providing a description of the Material Change and a Rescission Notice of Right to Rescind Sales Contract and regarding Purchaser's Receipt, ’s thirty (30)‐day rescission right on a form prescribed by the Commission, regarding Purchaser's thirty (30)-day rescission right. As provided in Section 514B-87 514B‐87 of the Hawaii Revised Statutes, as amended, Purchaser may waive Purchaser's right to rescind this Purchase Agreement by: (a) checking the waiver box on the Option Notice of Right to Rescind Sales Contract – Rescission or Waiver Form, prescribed by the CommissionCancel, signing it, and returning it to Seller; (b) allowing the thirty (30)day 30)‐day rescission period to expire without taking any action to rescind; or (c) closing the purchase of the Unit before the thirty (30)-day 30)‐day rescission period expires. In the event Purchaser rescinds this Purchase Agreement pursuant to this SectionSection E.30, Purchaser shall be entitled to a prompt and full refund of all monies paid, plus any interest earned thereon.

Material Changes in the Project. Where, after this Purchase Agreement has become binding in accordance with Section D.6, there is a Material Change in the Project, Purchaser may rescind this Purchase Agreement within thirty (30) calendar days of Purchaser's receipt of a copy of a Disclosure Document providing a description of the Material Change and a Notice of Right to Rescind Sales Contract and Purchaser's Receipt, prescribed by the Commission, regarding Purchaser's thirty (30)-day rescission right. As provided in Section 514B-87 of the Hawaii Revised Statutes, as amended, Purchaser may waive Purchaser's right to rescind this Purchase Agreement by: (a) checking the waiver box on the Option to Rescind Sales Contract – Rescission or Waiver Form, prescribed by the Commission, signing it, and returning it to Seller; (b) allowing the thirty (30)day 30)-day rescission period to expire without taking any action to rescind; or (c) closing the purchase of the Unit before the thirty (30)-day rescission period expires. In the event Purchaser rescinds this Purchase Agreement pursuant to this Section, Purchaser shall be entitled to a prompt and full refund of all monies paid, plus any interest earned thereon.