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and
WITNESSETH:
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WHEREAS, the PRRC has constructed a school building within the
Subject Property covering an area of 830 square meter (sq.m) also known as
the Colegio de Montalban. Attached is the survey plan of Colegio De
Montalban marked as Annex D;
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e.) Provide policy guidance and directions to ensure the
proper implementation of this Agreement;
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Any Party may terminate this Agreement, if the other Party (Defaulting Party)
failed to fulfill its duties and obligations under, or committed a material breach
of any of the provisions, terms, and conditions of, this Agreement, by giving
written notice to the Defaulting Party and other Parties to this Agreement. The
termination of the Agreement becomes effective immediately upon receipt of the
Defaulting Party of the written notice.
6.2 None of Parties shall be liable to the other for any delay or failure
to perform its obligations under this Agreement if that delay is due to
force majeure, provided that there is no willful misconduct or gross
negligence on the part of the Party who failed or delayed in performing its
obligations and the force majeure event could not have been prevented or
overcome by the exercise of due diligence by such Party. Force majeure
shall refer to causes beyond the reasonable control of the Parties,
including without limitation, public calamity, epidemic, fire, earthquakes,
acts of God, war, civil or military disturbance, riots, labor disputes, and
the like. No claim shall be made by any Party in respect of any period
during which any of the said events shall persist.
6.3 This Agreement constitutes the entire agreement of the Parties and
shall supersede any prior expressions of intent or understanding with
respect to the subject matter hereof.
6.4 This Agreement shall be binding upon and enforceable against the
Parties herein, and their respective successors-in-interest. None of the
Parties may assign or otherwise transfer this Agreement or any of its
rights and/or obligations under this Agreement, without the prior
written consent of the other Party. Any and all amendments, changes,
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modifications, additions or revisions in this Agreement shall not be valid
unless agreed upon in writing by both Parties herein.
Represented by:
__________________________________
Attorney-in-Fact
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Represented by:
_________________________ _________________________
ACKNOWLEDGEMENT
CECILIO C.
HERNANDEZ