Common use of Execution by Both Parties Clause in Contracts

Execution by Both Parties. This Agreement shall not become effective and binding until fully executed and delivered by all parties ("Effective Date"). The submission of draft(s) of this Agreement or comment(s) on such draft(s) does not constitute an offer to purchase or sell the Total Assets on the terms and conditions of this Agreement or any other terms and conditions.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Union Plaza Hotel & Casino Inc), Purchase and Sale Agreement (Union Plaza Hotel & Casino Inc)