Common use of Termination Effect Clause in Contracts

Termination Effect. If the Transfer Date does not occur before the Transfer Deadline, either Party may, upon notice to the other Party, terminate this Agreement, unless the Parties mutually agree in writing to extend the Transfer Deadline. Upon termination pursuant to this Section, this Agreement and the rights and obligations of the Parties shall become void and there shall be no liability or obligation on the part of the District or the Operator or their respective Representatives.

Appears in 4 contracts

Samples: Construction, Operating and Cooperative Endeavor Agreement, Construction, Operating and Cooperative Endeavor Agreement, Endeavor Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.