Common use of Priority on Succession Clause in Contracts

Priority on Succession. Upon the sale or vacancy of any Inclusionary Unit or Workforce Unit where the Owner/Occupant or renter purchased or rented a Parking Space, that Parking Space will be made available in the following order of priority: (i) to the successor Owner/Occupant or renter of the vacated Inclusionary Unit or Workforce Unit, as applicable; (ii) to the Owner/Occupants or renters of other Inclusionary Units or Workforce Units within the Residential Project; (iii) to the Owner/Occupants or renters of Market Rate Units within the Residential Project; and (iv) to the general public.