EFFECT OF MEMORANDUM OF AGREEMENT. This MoA serves only as a record of the Parties’ intentions and does not constitute or create, and is not intended to constitute or create obligations under domestic or international law and will not give rise to any legal processes and will not be deemed to constitute or create any legally binding or enforceable obligations, express or implied.
EFFECT OF MEMORANDUM OF AGREEMENT. This Memorandum is entered into by the Parties, and is to be recorded to set forth the Agreement as a matter of record in order, among other things, that third parties may have notice of the existence of the Agreement. All of the terms, conditions, provisions and covenants of the Agreement are incorporated in this Memorandum by reference as though written out at length herein, and the Agreement and this Memorandum shall be deemed to constitute a single instrument or document. Nothing contained in this Memorandum shall be deemed to modify, amend, alter, limit or otherwise change any of the provisions of the Agreement itself or the rights and obligations of the parties thereto as provided therein. In the event of any conflict or ambiguity between the terms of this Memorandum or the terms of the Agreement, the terms of the Agreement shall prevail.
EFFECT OF MEMORANDUM OF AGREEMENT. The memorandum of this Agreement required to be executed by the Parties pursuant by Article V, Section 5 shall be evidence of the written agreement required by Virginia Code § 15.2-2241.2, inclusive of the rights and obligations of the Parties required under such section of the Virginia Code, including without limitation the rights identified in subsections (a) through (c) above. A recordable instrument acknowledging the provisions of Article I, Section 4, subsections (a) and (b) of this Agreement, in form and substance reasonably acceptable to the County, must be signed by all owners of property which constitute a part of the Project area.
