Common use of Negotiating Period Clause in Contracts

Negotiating Period. The exclusive negotiating period (the "Negotiating Period") under this Agreement shall commence as of the Effective Date and shall expire at 12:01 am (CDT) on May 30, 2017. If a DA has not been executed by the City and the Developer by the expiration of the Negotiating Period, then this Agreement shall terminate and neither Party shall have any further rights or obligations under this Agreement, except as provided in Sections 3.3 (Waiver of Lis Pendens), Section 3.4 (Right of Entry/Restoration) and Section 3.6 (No Commissions) which shall survive termination. If a DA is executed by the City and the Sonnenblick then, upon such execution, this Agreement shall terminate, and all rights and obligations of the Parties shall be as set forth in the executed DA.

Negotiating Period. The exclusive negotiating period (the "Negotiating Period") under this Agreement shall commence as of the Effective Date and shall expire at 12:01 am (CDT) on May 30February 1, 20172019. If a DA has not been executed by the City and the Developer Sonnenblick by the expiration of the Negotiating Period, then this Agreement shall terminate and neither Party shall have any further rights or obligations under this Agreement, except as provided in Sections 3.3 (Waiver of Lis Pendens), Section 3.4 (Right of Entry/Restoration) and Section 3.6 (No Commissions) which shall survive termination. If a DA is executed by the City and the Sonnenblick then, upon such execution, this Agreement shall terminate, and all rights and obligations of the Parties shall be as set forth in the executed DA.