9. TERMINATION
9.1 The parties acknowledge that this Agreement shall be effective as of execution and for the Term and neither party will be entitled to terminate this Agreement except as expressly provided for in this Agreement.
9.2 Should the Binding Agreement regarding the Acquisition of the Apartment entered into by the Apartment Owner and Developer be terminated for whatever reason, this Agreement shall be automatically terminated forthwith and vice versa.
9.3 If the Apartment Owner fails or neglects to comply with any of the Apartment Owner’s obligations under this Agreement the Master Manager must give written notice of default to the Apartment Owner specifying the default and requiring its remedy. The notice of default must contain sufficient details of the alleged breach or breaches to enable the Apartment Owner to ascertain with reasonable detail duties which the Apartment Owner has failed or neglected to carry out. If such failure or neglect continues for a period of 30 days after receipt of the notice of default, then the following provisions shall apply:
(a) The Master Manager may exclude the Apartment Owner from the use of its Apartment and Hotel; and/or
(b) The Master Manager may withhold payment of the Apartment Owner’s Return; and/or
(c) The Master Manager may give notice to the Apartment Owner that the Apartment Owner’s Usage Days are suspended,
Until the default is remedied to the satisfaction of the Master Manager.
9.4 The Master Manager and Apartment Owner acknowledge that this Agreement will remain in force and effect notwithstanding any further agreements that the Master Manager may enter into with Operator prior to expiration of the Term of this Agreement.
9.5 Termination of this Agreement is without prejudice to any accrued rights and liabilities of the parties and without prejudice to any other rights and remedies which the parties may possess under prevailing laws and regulations.