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validly delivered, and effective for all purposes, upon exchanging fully executed facsimile transmission <br />copies of the Agreement. <br />11.12. Time of Essence. <br />Time is of the essence of this Agreement. Anywhere a day certain is stated for payment or for <br />performance of any obligation, the day certain so stated enters into and becomes a part of the <br />consideration for this Agreement. Wherever a date specified in this Agreement shall fall on a Saturday, a <br />Sunday or a legal holiday, as defined in Sections 683.01 and 683.02, Florida Statutes, that date shall be <br />extended to the next succeeding day which shall not be a Saturday, a Sunday or another legal holiday as <br />so defined. <br />11.13. Recording. <br />Neither this Agreement nor any memorandum thereof may be recorded by Purchaser or Seller in <br />any public records, without first obtaining the prior consent of the other of them, which consent may be <br />withheld by either Seller or Purchaser in its sole and absolute discretion. Any attempted recordation of <br />this Agreement or a memorandum thereof by either of Seller or Purchaser without having obtained the <br />prior consent of the other of them shall, at the option of such other of them, constitute an act of material <br />default hereunder and void this Agreement and all of such other's rights hereunder, save and except only <br />for any Surviving Obligations. <br />11.14. Attomeys' Fees. <br />In the event either party employs an attorney or brings an action against the other arising out of <br />the terms of this Agreement, the prevailing party (whether such prevailing party has been awarded a <br />money judgment or not) shall receive from the other party (and the other party shall be obligated to pay) <br />the prevailing party's reasonable legal fees and expenses (including the fees and expenses of experts and <br />para -professionals), whether such fees and expenses are incurred before, during or after any trial, re -trial, <br />re -hearing, mediation or arbitration, administrative proceedings, appeals or bankruptcy or insolvency <br />proceedings, and irrespective of whether the prevailing party would have been entitled to such fees and <br />expenses under applicable law in the absence of this Section. Without limiting the generality of the <br />foregoing, the term "expenses" shall include expert witness fees, bonds, filing fees, administrative fees, <br />transcriptions, depositions or proceedings, costs of discovery and travel costs. The term "prevailing <br />party" as used in this Section shall mean that party whose positions substantially prevail in such action or <br />proceeding, and any action or proceeding brought by either party against the other as contemplated in this <br />Section may include a plea or request for judicial determination of the "prevailing party" within the <br />meaning of this Section. In the event neither party substantially prevails in its positions in such action or <br />proceeding, the court may rule that neither party has so substantially prevailed, in which event each party <br />shall be responsible for its own fees and expenses in connection therewith. In addition, the fees and <br />expenses for the services of "in-house" counsel (if any) shall be included within the prevailing party's fees <br />and expenses as fully as if such in-house legal services were provided by an "outside" attorney or law <br />firm as contemplated within this Section, irrespective of whether "outside" legal services are obtained in <br />connection with such matter. The fees and expenses on the part of in-house counsel as aforesaid shall be <br />determined based upon the prevailing hourly rates, fees and expenses for an attorney(s) of comparable <br />experience in the Orlando, Florida area. The provisions of this Section 11.14 shall survive the Closing. <br />11.15. Effect of Headings. <br />The headings and subheadings of the sections of this Agreement have been inserted for <br />convenience of reference only and shall not in any way control or affect the meaning or construction of <br />any of the agreements, terms, covenants and conditions of this Agreement. <br />January 8, 2008 17 <br />