Parties not Bound to DDA Sample Clauses

Parties not Bound to DDA. The Parties acknowledge and agree that this ENA is for the sole purpose of evidencing the Parties’ intent to negotiate in good faith the terms of the DDA and enter into the DDA. The Parties do not intend to be bound to a DDA until a final written DDA is executed by Developer and Agency and/or City. In the event the final, written DDA is not executed by such Parties within the time provided in Section I(B), this ENA shall automatically terminate, and be of no further force or effect, unless extended by action of the Agency and the Developer. This ENA is merely an agreement to enter into a period of negotiations according to the concepts presented herein, reserving final discretion and approval by the Agency, the or any other agencies of the City as to any actions required of them, if any. Developer acknowledges and agrees that no provision of this Agreement shall be deemed an offer by Agency, nor an acceptance by Agency of any offer or proposal from Developer, for Agency to convey any interest in all or a portion of the Property to Developer, or for the Agency to provide any financial or other assistance to Developer.
Sample 1
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Related to Parties not Bound to DDA

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