Developer dealing with interests Sample Clauses

Developer dealing with interests. The Developer may not sell, transfer, assign or novate or similarly deal with (“Dealing”) its right, title or interest in the Land (if any) or its rights or obligations under this planning agreement, or allow any interest in them to arise or be varied, in each case, without the Minister’s consent and unless, prior to any such sale, transfer, assignment, charge, encumbrance or novation, the Developer: (a) gives the Minister no less than 10 Business Days notice in writing of the proposed Dealing; and (b) procures that the transferee, assignee or novatee executes and delivers to the Minister prior to any such Dealing taking effect, a deed in favour of the Minister in form and substance acceptable to the Minister (acting reasonably) whereby: (i) the transferee, assignee or novatee becomes contractually bound with the Minister to perform all of the Developer's obligations (including obligations which may have arisen before the transfer, assignment or novation takes effect) and have the benefit of all the Developer's rights under this deed; and (ii) the Developer is released from its Future Obligations under this deed.
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