Non-Binding Effect. Mediation is intended to assist the Parties in resolving disputes over the correct interpretation of this Agreement. No mediator shall be empowered to render a binding decision.
Non-Binding Effect. This Agreement shall not be binding upon or inure to the benefit of either party unless and until it is duly executed and delivered by both parties.
Non-Binding Effect. This MOU does not impose any legally binding obligations on either party and does not create any rights or obligations enforceable by either party or any third party or give rise to any liability of any kind (including without limitation legal liability); and it is not the intent of either party to create legal relations by creation or discussion of this MOU or any matter referred to in it and no reliance should be placed on this MOU.
Non-Binding Effect. The Insurance Company shall be bound only by the provisions of any endorsements on the Policy, and any payments made or action taken by it in accordance therewith shall fully discharge it from all claims, suits and demands of all persons whatsoever. Except as specifically provided by endorsement on the Policy, no provisions of this Agreement shall be binding upon the Insurance Company.
Non-Binding Effect. This MOU is not legally binding and does not give rise to any legal rights or obligations under international law.
Non-Binding Effect. Except for Sections 6 and 7, which shall be binding, this MOU does not create any legally binding obligations, and simply constitutes an expression of good faith intent to mutually cooperate on matters of common interest.
Non-Binding Effect. This MOU is intended to serve as a general basis for commencing negotiations for one or more definitive agreements between the LPA and Instream with respect to the matters referenced herein. This MOU does not contain all the detailed provisions to be incorporated in any such definitive agreement(s), but does reflect the current mutual intentions of the parties. With the exception of Section 5 and 10 hereof, which are intended to be binding upon the parties, neither the LPA nor Instream shall have any legal obligation under or by virtue of this MOU, including any obligation to enter into any definitive agreement or other contract, to provide any services, to disclose any information, to make any investment or pay any consideration or compensation, whether or not expressly described herein; provided that the parties agree to cooperate in good faith along the lines described in this MOU.
Non-Binding Effect. This Agreement shall not be binding upon, or inure to the benefit of, either party hereto unless and until this Agreement shall have been duly executed by or on behalf of both parties. Upon such due execution, this Agreement and the Original Lease shall contain the fully- integrated understanding of the parties and no provisions may be modified, waived or revoked in any respect except in writing signed by the party to be charged.
Non-Binding Effect. Except for this section and the sections entitled “Publicity; Confidentiality,” “Fees and Expenses,” “Governing Law; Venue” and “Miscellaneous” which shall be legally binding, this Term Sheet is not legally binding, does not constitute a binding commitment with respect to the Transaction, and shall not give rise to the liability of any Party or its affiliates unless and until, if ever, definitive written documents are executed by the Parties. This Term Sheet does not contain all matters upon which agreement must be reached in order for the Transaction to be consummated, and any commitment to consummate the Transaction shall be subject to any conditions expressed in the definitive written documents with respect thereto. Each of the Parties may decide not to proceed with the Transaction for any reason and no reason.
Non-Binding Effect. Save for the Exclusivity and the governing law provision which are legally binding on the Parties, the Framework Agreement only serves as an indication of intention which is not intended to be exhaustive and is not legally binding upon the Parties unless and until a Formal Agreement has been entered into by the Parties and the proposed structure of the Possible Transactions set out in the Framework Agreement is subject to clearance by the Stock Exchange (if required).
