Nature of MOU Sample Clauses

Nature of MOU. The Parties recognise the non-binding nature of this MoU.
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Nature of MOU. The parties understand that nothing in this MOU shall be construed as a binding contract between the parties, save for the obligations stipulated under Sections 7, 8,10, 13, 14 and 20. Neither Party shall be liable for any direct or indirect damages of any kind arising out of or in connection with this MOU or for any third party claims against the other whatsoever.
Nature of MOU. 3.1 This MoU is not intended to be legally binding on the parties or to create any legally enforceable obligations between the parties, and is not intended to interfere with any statutory powers, rights, or obligations of either party. 3.2 Nothing in this MoU should be construed as preventing or inhibiting either party from acting in the proper performance of their statutory functions or restricting their statutory powers. 3.3 This MoU is a public document and communicates in a transparent way to all stakeholders, the administrative arrangements that operate between the commission and SV.
Nature of MOU. This MOU outlines the framework of the working relationship between the parties. It does not constitute a contract and is based upon goodwill and is bound in honor only. This MOU does not constitute a partnership or joint venture and neither of the parties can commit the other parties financially or otherwise to third parties.
Nature of MOU. 3.1 This MoU is not intended to be legally binding on the parties or to create any legally enforceable obligations between the parties, save that: (a) the ISA is an information sharing arrangement within the meaning of section 60E of the ESC Act and section 133 of the ACLFTA; and Essential Services Commission and Director of Consumer Affairs Victoria .. (b) this MoU is not Intended to interfere with any statutory powers, rights, or obligations of either party, including those that may arise under section 60E of the ESC Act and/or section 133 of the ACLFTA. 3.2 Nothing in this MoU should be construed :as preventing or inhibiting either party from acting in the proper performance of their statutory functions or restricting their statutory powers. 3.3 This MoU is a public document and communicates in a transparent way to all stakeholders, the administrative arrangements that operate between the commission and the CAV Director.
Nature of MOU. DOP and BSNL intend to develop a mutually beneficial relationship through business packages as being provided by the respective Departments and extend the various features of the services available as such.
Nature of MOU. This MOU is not intended to be a binding agreement as to any of the issues set forth in Section 6 and Exhibit A and no binding agreement will exist between the Parties with respect to any such issues unless and until the Parties execute and deliver one or more mutually satisfactory definitive agreements as contemplated by Section 6(e) above. Notwithstanding the foregoing, the Parties intend for Sections 8, 9, and 11 of this MOU to be binding on the Parties as of the Effective Date.
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Nature of MOU. 7.1 The intent of this MOU is to set out the key terms and conditions (the “Key Terms”) to be incorporated into the Ground Lease, the VCH Sublease, the City Sublease, the Development Agreement and any other agreement contemplated herein or required to carry out the Development (collectively, the “Agreements”). 7.2 No legal rights or obligations will arise or be created by the tabling and discussion of this MOU or any amendments to it unless and until Vancouver City Council has approved this MOU, approved the Agreements and enacted the Rezoning bylaw and the City, VCH and BC Housing have executed the Agreements, as applicable, in accordance with the Key Terms as set out herein and otherwise on terms and conditions satisfactory to the General Manager of Community Services, the General Manager of Planning, Urban Design and Sustainability, the General Manager of Real Estate and Facilities Management and the Director of Legal Services. 7.3 For clarity, preliminary approval of this MOU and the preliminary budget by Vancouver City Council will not be deemed to be preliminary approval or approval in principal of the Rezoning or approval of any Agreements, all of which will be subject to further Vancouver City Council approval in its unfettered discretion. The parties acknowledge that the City is a party to this MOU in its capacity as the owner of the Lands and not in its regulatory capacity. 7.4 This MOU and any other agreements arising from or contemplated under this MOU and all rights and obligations of VCH may be subject to approvals by VCH`s senior executives and board of directors and, if applicable, the Ministry of Health. 7.5 This MOU and any other agreements arising from or contemplated under this MOU and all rights and obligations of BC Housing will be subject to approvals by BC Housing`s Executive Committee and Board of Commissioners. day of , 2017. by its authorized signatory: by its authorized signatories: Signature Signature Name and Title Name and Title by its authorized signatory: Signature Name and Title 1. Parcel Identifier: 000-000-000, Lot 24, Except (A) Part in Plan 4123 and (B) Part in Explanatory Plan 17378 Block 60 District Lot 264A Plans 383 and 1771 2. Parcel Identifier: 000-000-000, Lot 23, Except Part in Explanatory Plan 17378, Block 60 District Lot 264A Plans 383 and 1771 3. Parcel Identifier: 000-000-000, Lot 22, Except Part in Explanatory Plan 17378, Block 60 District Lot 264A Plans 383 and 1771 4. Parcel Identifier: 000-000-000, Lot ...
Nature of MOU. 3.1 This MoU is not intended to be legally binding on the parties or to create any legally enforceable obligations between the parties, save that: (a) the Information Sharing Arrangement is an information sharing arrangement within the meaning of section 60E of the ESC Act; and (b) this MoU is not intended to interfere with any statutory powers, rights, or obligations of either party, including those that may arise under section 60E of the ESC Act. 3.2 Nothing in this MoU should be construed as preventing or inhibiting either party from acting in the proper performance of their statutory functions or restricting their statutory powers. 3.3 This MoU is a public document and communicates in a transparent way to all stakeholders, the administrative arrangements that operate between the commission and the Department.
Nature of MOU. The Parties agree that this MOU is only an outline of the prospective terms for negotiation of one or more definitive agreements for the transactions contemplated herein. This MOU is not, and shall not be deemed to constitute, a formal or binding agreement of the Parties, except that the Parties shall be obligated to negotiate in good faith the provisions of such definitive agreements, subject to the terms and conditions of this MOU. Any definitive agreements so negotiated shall be subject to final review and approval by the Parties, each in its sole discretion.
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