Common use of Notice by Operator Clause in Contracts

Notice by Operator. If, prior to the Occupation Right Agreement becoming unconditional, the Operator receives a further application for the unit on terms acceptable to the Operator, the Operator may give the Resident five (5) working days notice to confirm the Occupation Right Agreement as unconditional after which the Occupation Right Agreement will lapse and any deposit shall be refunded promptly.

Notice by Operator. If, prior to the Occupation Right Agreement becoming unconditional, the Operator receives a further application for the unit on terms acceptable to the Operator, the Operator may give the Resident five (5) working days notice to confirm the Occupation Right Agreement as unconditional after which the Occupation Right Agreement will lapse and any deposit shall be refunded promptly.