Nonbinding. The parties agree that except for the paragraphs 14 and 15 (the "Binding Provisions"), this MOU is intended only as a summary of the current intentions of each party with respect to the Proposed Transaction and is not intended to create any enforceable legal obligations. Notwithstanding the foregoing, the Binding Provisions shall survive termination of this letter of intent and shall be legally binding upon and enforceable against the parties hereto and their respective successors and permitted assigns.
Nonbinding. This Lease and the terms and conditions set forth herein shall be of no force and effect, and neither party shall be bound hereby, unless and until this Lease has been duly executed and delivered by Landlord and Tenant.
Nonbinding. This Arrangement does not create legally binding obligations under domestic or international law. The Participants intend that activities under this Arrangement be in accordance with applicable domestic laws, regulations and policies that might be updated throughout the years, and subject to the availability of personnel and resources.
Nonbinding a. Notwithstanding any contrary provision of this MOU, it is understood and agreed b y t h e P a r t i e s that this MOU is nonbinding, that Parties are free to withdraw from this MOU at any time, and that this MOU is simply intended by the Parties to constitute an expression of their present i nt e nt i o ns , g o a l s an d as p i r a t i o n s w i t h r e s p e c t t o the Opportunity Center. No Party will have any legal rights or obligations with respect to any other Party because of the existence of this MOU and no Party should take any action in reliance on this MOU. Nothing in this MOU is intended to confer upon any person any rights or remedies under or by reason this MOU as a third party beneficiary or otherwise.
Nonbinding. The Developer acknowledges that, except for Section 9, Section 12 and the indemnification provisions of Section 4 above which shall all be binding upon the Developer, this Agreement shall not be deemed conclusive or legally binding upon either the Developer or the EDA, and neither the Developer nor the EDA shall have any obligations regarding the Redevelopment Property, the Development or any public assistance described herein, unless and until a Definitive Contract is approved by the Board and executed by both the Developer and the EDA.
