Non-fulfilment of Conditions Precedent. (a) In the event the Conditions Precedent for a Party have not been satisfied within the stipulated time and DMA has not waived, fully or partially, such conditions relating to the Developer, this Agreement shall cease to have any effect as of that date and shall be deemed to have been terminated by the mutual agreement of the Parties and no Party shall subsequently have any rights or obligations under this Agreement and DMA shall not be liable in any manner whatsoever to the Developer or Persons claiming through or under it.
Appears in 2 contracts
Sources: Development Agreement, Development Agreement