Remedies for Breach of Agreement. In the event of an uncured default under this Agreement, the sole remedy of the nondefaulting Party shall be to terminate this Agreement. Following such termination, no Party shall have any further rights, remedies or obligations under this Agreement. No Party shall have any liability to the other for monetary damages or specific performance for the breach of this Agreement, or failure to reach agreement on a Definitive Agreement, and each Party hereby waives and releases any such rights or claims it may otherwise have at law or at equity. Furthermore, the Developer, and each of Bridge and Xxxxxxx, knowingly agrees that it shall have no right to specific performance for conveyance of, nor to claim any right of title or interest in or to, the Project Site or any portion thereof.
Appears in 1 contract
Samples: Exclusive Negotiation Agreement
Remedies for Breach of Agreement. In the event of an uncured default under this Agreement, the sole remedy of the nondefaulting Party non-defaulting party shall be to terminate this Agreement. Following such termination, no Party neither party shall have any further rights, remedies or obligations under this Agreement. No Party Neither party shall have any liability to the other for monetary damages or specific performance for the breach of this Agreement, or failure to reach agreement on a Definitive AgreementDDA, and each Party party hereby waives and releases any such rights or claims it may otherwise have at law or at equity. Furthermore, the Developer, and each of Bridge and Xxxxxxx, Developer knowingly agrees that it shall have no right to specific performance for conveyance of, nor to claim any right of title or interest in or to, the Project Site Property or any portion thereof.
Appears in 1 contract
Samples: Negotiate Agreement
Remedies for Breach of Agreement. In the event of an uncured default under this Agreement, the sole remedy of the nondefaulting Party party shall be to terminate this Agreement. Following such termination, no Party neither party shall have any further rights, remedies or obligations under this Agreement. No Party Neither party shall have any liability to the other for monetary damages or specific performance for the breach of this Agreement, or failure to reach agreement on a Definitive AgreementCity DDA as to the Site, and each Party party hereby waives and releases any such rights or claims it may otherwise have at law or at equity. Furthermore, the Developer, and each of Bridge and Xxxxxxx, Developer knowingly agrees that it shall have no right to specific performance for conveyance of, nor to claim any right of title or interest in or to, the Project Site Property or any portion thereof.
Appears in 1 contract
Samples: Exclusive Negotiation Agreement
Remedies for Breach of Agreement. In the event of an uncured default under this Agreement, the sole remedy of the nondefaulting non-defaulting Party shall be to terminate this Agreement. Following such termination, no Party shall have any further rights, remedies or obligations under this Agreement. No Party shall have any liability to the other for monetary damages or specific performance for the breach of this Agreement, or failure to reach agreement on a Definitive Agreementan AHA, and each Party hereby waives and releases any such rights or claims it may otherwise have at law or at equity. Furthermore, the Developer, and each of Bridge Developer and Xxxxxxx, Owner knowingly agrees that it shall have no right to specific performance for conveyance of, nor to claim any right of title or interest in or to, the Project Authority Site or any portion thereof. The rights of Owner under the Exchange Agreement remain in effect notwithstanding this Agreement.
Appears in 1 contract
Samples: Exclusive Negotiation Agreement