Common use of Term and Amendment Clause in Contracts

Term and Amendment. This MOU anticipates the Parties will determine feasibility and condition of sale and satisfactory use of the Property on or prior to December 31, 2024 June 30, 2025. If a purchase and sale agreement for the acquisition of the Property is not completed on or before that date (or an extension of that date is not agreed to by both Parties), this MOU will terminate. The Parties may mutually agree to extend this MOU beyond this date. Any amendment to this MOU must be in writing and mutually agreed to by both Parties.

Appears in 2 contracts

Sources: Memorandum of Understanding, Memorandum of Understanding

Term and Amendment. This MOU anticipates the Parties will determine the feasibility and condition of sale and satisfactory the intended use of the Property on or prior to December property no later than October 31, 2024 June 30, 20252024. If a purchase and sale agreement for the acquisition of the Property is not completed on by or before that date (or an extension of that date is not agreed to by both Parties)January 31, 2025, this MOU will terminate. The Parties may mutually agree to extend this MOU beyond this date. Any amendment to this MOU must be in writing and mutually agreed to by both Parties.

Appears in 1 contract

Sources: Memorandum of Understanding

Term and Amendment. This MOU anticipates the Parties will determine feasibility and condition of sale and satisfactory use of the Property on or prior to December 31, 2024 June 30, 20252024. If a purchase and sale agreement for the acquisition of the Property is not completed on or before that date (or an extension of that date is not agreed to by both Parties), this MOU will terminate. The Parties may mutually agree to extend this MOU beyond this date. Any amendment to this MOU must be in writing and mutually agreed to by both Parties.

Appears in 1 contract

Sources: Memorandum of Understanding

Term and Amendment. This MOU anticipates the Parties will determine feasibility and condition of sale and satisfactory use of the Property on or prior to June 30, 2024 December 31, 2024 June 30, 20252024. If a purchase and sale agreement for the acquisition of the Property is not completed on or before that date (or an extension of that date is not agreed to by both Parties), this MOU will terminate. The Parties may mutually agree to extend this MOU beyond this date. Any amendment to this MOU must be in writing and mutually agreed to by both Parties.

Appears in 1 contract

Sources: Memorandum of Understanding