Common use of Assignment and Dealings Clause in Contracts

Assignment and Dealings. Until the Material Public Benefit is provided in full, the Developer cannot sell, transfer, assign, novate, charge, encumber or otherwise deal with the Land or attempt or purport to do so unless the Developer: 13.1 Gives Council no less than ten (10) Business Days’ notice in writing of the proposed sale, transfer, assignment, novation, charge, encumbrance or other dealing with its rights in respect of the Land; 13.2 Procures that any buyer, transferee, assignee or novatee promptly executes a Deed in favour of Council whereby the buyer, transferee, assignee or novatee becomes contractually bound with Council to perform the Developer’s obligations under this Deed.

Appears in 2 contracts

Samples: Deed of Agreement, Deed of Agreement

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Assignment and Dealings. Until the Material Public Benefit Development Contribution is provided delivered in full, the Developer cannot sell, transfer, assign, novate, charge, encumber or otherwise deal with the Land or attempt or purport to do so unless the Developer: 13.1 Gives (a) gives Council no less than ten (10) Business Days’ notice in writing of the proposed sale, transfer, assignment, novation, charge, encumbrance or other dealing with its rights in respect of the Land;; and 13.2 Procures (b) procures that any buyer, transferee, assignee or novatee promptly executes a Deed an Agreement in favour of Council whereby the buyer, transferee, assignee or novatee becomes contractually bound with Council to perform the Developer’s obligations under this DeedAgreement.

Appears in 1 contract

Samples: Voluntary Planning Agreement

Assignment and Dealings. Until the Material Public Benefit is provided in full, the Developer cannot sell, transfer, assign, novate, charge, encumber or otherwise deal with the Land or attempt or purport to do so unless the Developer: 13.1 Gives Council no less than ten (10) Business Days’ 28 days' notice in writing of the proposed sale, transfer, assignment, novation, charge, encumbrance or other dealing with its rights in respect of the Land; 13.2 Procures that any buyer, transferee, assignee or novatee promptly executes a Deed in favour of Council whereby the buyer, transferee, assignee or novatee xxxxxxx becomes contractually bound with Council to perform the Developer’s 's obligations under this Deed.

Appears in 1 contract

Samples: Planning Agreement

Assignment and Dealings. Until the Material Public Benefit Development Contribution is provided in full, the Developer cannot sell, transfer, assign, novate, charge, encumber or otherwise deal with the Land or attempt or purport to do so unless the Developer: 13.1 15.1 Gives Council no less than ten (10) Business Days’ notice in writing of the proposed sale, transfer, assignment, novation, charge, encumbrance or other dealing with its rights in respect of the Land; 13.2 15.2 Procures that any buyer, transferee, assignee or novatee promptly executes a Deed in favour of Council whereby the buyer, transferee, assignee or novatee becomes contractually bound with Council to perform the Developer’s obligations under this Deed.

Appears in 1 contract

Samples: Planning Agreement

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Assignment and Dealings. Until the Material Public Benefit is provided in full, the Developer cannot sell, transfer, assign, novate, charge, encumber or otherwise deal with the Land or attempt or purport to do so unless the Developer: 13.1 Gives Council no less than ten (10) Business Days10 business days’ notice in writing of the proposed sale, transfer, assignment, novation, charge, encumbrance or other dealing with its rights in respect of the Land; 13.2 Procures that any buyer, transferee, assignee or novatee promptly executes a Deed in favour of Council whereby the buyer, transferee, assignee or novatee becomes contractually bound with Council to perform the Developer’s obligations under this Deed.

Appears in 1 contract

Samples: Deed of Agreement

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