Common use of Assignment and Dealings Clause in Contracts

Assignment and Dealings. Until the Development Contribution is paid 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, before completion of the said dealing, the Developer: (a) at no cost to Council, has first procured the execution by the incoming party of an agreement in favour of Council on the same terms as this Agreement as if the incoming party were a Party to this Agreement; and (b) satisfies Council that the Developer is not in breach of its obligations under this Agreement at the time of completion of the dealing.

Assignment and Dealings. Until the Development Contribution is paid in full, the Developer cannot sell, transfer, assign, novate, charge, encumber or otherwise deal with the Land or attempt or purport to do so so, unless, before completion of the said dealing, the Developer: (a) at no cost to Council, has first procured the execution by the incoming party of an agreement in favour of Council on the same terms as this Agreement as if the incoming party were a Party to this Agreement; and (b) satisfies Council Council, acting reasonably, that the Developer is not in breach of its obligations under this Agreement at the time of completion of the dealing.