Common use of Application of Sale Proceeds Clause in Contracts

Application of Sale Proceeds. Any amounts received from the Dealing by Attorney shall be applied in the way required by the Act and if there is no requirement, as follows: (a) firstly, in paying the costs of the Dealing by Attorney; (b) secondly, in discharging the liability of the Customer to ROL Holder for the amounts charged to ROL Holder under this Agreement; (c) thirdly, in discharging the liability, if any, of the Customer in relation to the Customer’s Allocation to the chief executive under the Act; (d) fourthly, in discharging, in accordance with the priorities of their registered interests, any liability owing by the Customer to a person who has a registered interest recorded over the Customer’s Allocation on the Water Allocations Register; (e) fifthly, in payment to the Customer.

Appears in 3 contracts

Samples: Agreement for Delivery of Water, Agreement for Delivery of Water, Water Distribution Agreement

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Application of Sale Proceeds. Any amounts received from the Dealing by Attorney shall be applied in the way required by the Act and if there is no requirement, as follows: (a) firstly, in paying the costs of the Dealing by Attorney; (b) secondly, in discharging the liability of the Customer to ROL Holder SunWater for the amounts charged to ROL Holder SunWater under this Agreement; (c) thirdly, in discharging the liability, if any, of the Customer in relation to the Customer’s Allocation to the chief executive under the Act; (d) fourthly, in discharging, in accordance with the priorities of their registered interests, any liability owing by the Customer to a person who has a registered interest recorded over the Customer’s Allocation on the Water Allocations Register; (e) fifthly, in payment to the Customer.

Appears in 2 contracts

Samples: Bulk Water Supply Contract, Standard Contract Resource Operations Licence

Application of Sale Proceeds. Any amounts received from the Dealing by Attorney shall be applied in the way required by the Act and if there is no requirement, as follows: (a) firstly, in paying the costs of the Dealing by Attorney; (b) secondly, in discharging the liability of the Customer to ROL Holder Fitzroy River Water for the all amounts charged to ROL Holder under specified in clause 16.1 of this Agreement; (c) thirdly, in discharging the liability, if any, of the Customer in relation to the Customer’s Allocation to the chief executive under the Act; (d) fourthly, in discharging, in accordance with the priorities of their registered interests, any liability owing by the Customer to a person who has a registered interest recorded over the Customer’s Allocation on the Water Allocations Register; (e) fifthly, in payment to the Customer.

Appears in 2 contracts

Samples: Standard Supply Contract for Water Allocation, Standard Supply Contract for Water Allocation

Application of Sale Proceeds. Any amounts received from the Dealing by Attorney shall be applied in the way required by the Act and if there is no requirement, as follows: (a) firstly, in paying the costs of the Dealing by Attorney; (b) secondly, in discharging the Customer’s liability of the Customer to ROL Holder SunWater for the moneys, debts and amounts charged to ROL Holder SunWater under this Agreement; (c) thirdly, in discharging the liability, if any, of the Customer in relation to for the Customer’s Allocation to the chief executive under the Act; (d) fourthly, in discharging, in accordance with the priorities of their registered interests, any liability owing by the Customer to a person who has a registered interest recorded over the Customer’s Allocation on the Water Allocations Register; (e) fifthly, in payment to the Customer.

Appears in 1 contract

Samples: Bulk Water Supply Contract

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Application of Sale Proceeds. Any amounts received from on the Dealing by Attorney shall be applied in the way required by the Act and if there is no requirement, as follows: (a) firstly, in paying the costs of the Dealing by Attorney; (b) secondly, in discharging the liability of the Customer to ROL Holder SunWater for the amounts charged to ROL Holder SunWater under this Agreement; (c) thirdly, in discharging the liability, if any, of the Customer in relation to the Customer’s Allocation water entitlement to the chief executive under the Act; (d) fourthly, in discharging, in accordance with the priorities of their registered interests, any liability owing by the Customer to a person who has a registered interest recorded over the Customer’s Allocation water entitlement on the Water Allocations Register; (e) fifthly, in payment to the Customer.

Appears in 1 contract

Samples: Standard Supply Contract

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