Common use of Agreement Null and Void Clause in Contracts

Agreement Null and Void. (a) Subject to paragraph (b), if a Condition Precedent is not fulfilled, or waived by each party entitled to the benefit of that Condition Precedent, by 31 March 2007 or a later date agreed in writing by the Vendor and the Purchaser, except for this clause and the Specified Clauses, this Agreement will be null and void and of no effect. (b) On or around 31 December 2006 and monthly thereafter, the parties agree to meet to discuss the status of the Conditions Precedent and upon agreement by both parties in writing that any Condition Precedent is unlikely to be fulfilled or waived by each party entitled to the benefit of that Condition Precedent prior to 31 March 2007, except for this clause and the Specified Clauses, this Agreement will be null and void and of no effect.