Financial Viability. 10.1 The RTO warrants that: (a) it is solvent and able to pay its debts as they fall due; and (b) there are no material facts or circumstances of which it is currently aware, or are likely to arise in the foreseeable future, which could have a significant impact on its financial viability. 10.2 Where the RTO becomes aware that it is insolvent and no longer able to continue its operations it will: (a) immediately notify Skills Tasmania of this fact; and (b) fully cooperate with Skills Tasmania in the transfer of students to an alternative XXX.
Appears in 3 contracts
Samples: Department of State Growth Agreement, Skills Tasmania Agreement, Department of State Growth Agreement
Financial Viability. 10.1 12.1 The RTO warrants that:
(a) it is solvent and able to pay its debts as they fall due; and
(b) there are no material facts or circumstances of which it is currently aware, or are likely to arise in the foreseeable future, which could have a significant impact on its financial viability.
10.2 12.2 Where the RTO becomes aware that it is insolvent and no longer able to continue its operations it will:
(a) immediately notify Skills Tasmania of this fact; and
(b) fully cooperate with Skills Tasmania in the transfer of students to an alternative XXX.
Appears in 1 contract
Samples: Skills Tasmania Agreement
