Acknowledgements and Reservations. Xxxxxx® and the Xxxxxx logo are trade marks of Xxxxxx Pty Limited in Australia.
Acknowledgements and Reservations. [§ 1000] Need for DDA The parties acknowledge and agree that this Agreement is for the sole purpose of stating the intention of the parties to negotiate and enter into a DDA. Other than with respect to those provisions of this Agreement which expressly state the agreement of the parties and to which the parties are bound, the parties have not reached agreement on the matters described herein for negotiation, and do not intend to be bound unless and until a final written DDA is executed by both parties. All costs incurred by the Parties during the term of this Agreement, and any extensions thereto, shall be borne by the Party incurring the cost, except to the extent that CivicSD and City may utilize the deposits and payments described in section 103 and 104 to cover its costs. In the event the final, written DDA is not executed by both parties within the time provided in section 102, this Agreement shall automatically terminate, and be of no further force or effect, unless extended as set forth in Section 102. This Agreement is merely an agreement to enter into a period of negotiations according to the concepts presented herein.
Acknowledgements and Reservations. 12.1 The City and APAC agree that, if this Agreement expires or is terminated for any reason or a future conveyance agreement is not executed by the parties for any reason then neither party shall be under any obligation, nor have any liability to the other or to any other person regarding the sale or other disposition of the Property or the redevelopment of the Property.
Acknowledgements and Reservations
