Foreign Investment Review Board. 29.1 Unless disclosed in item L of the Particulars, the Buyer warrants that:-
(a) the Buyer is not a Foreign Person;
(b) the Buyer may enter into this Contract and complete the purchase without obtaining approval from the Foreign Investment Review Board or that such consents or approvals as necessary have been given.
29.2 If the Buyer has disclosed that it is a Foreign Person, then this Contract is subject to the consent of the Treasurer and the following provisions apply:-
(a) the Buyer must give to the Seller a statement showing the names, citizenship and ordinary residence of the Buyer and such other information and documentation reasonably required by the Seller;
(b) the Buyer must make application for such consent at the Buyer’s cost or in default the Seller may make such application in which case the Buyer:
(i) will upon demand pay to the Seller; and
(ii) indemnifies the Seller for,
(c) despite the previous clause, the Seller is under no obligation to make the relevant application for consent referred to in this clause 29.2 and the Buyer will have no Claim against the Seller if the Seller chooses not to make the application;
(d) if the consent is refused or is not obtained by the date that is 60 days from the Contract Date then either party may terminate this Contract and the Deposit shall be refunded to the Buyer;
(e) For the removal of doubt, if the Seller has made the application for consent and consent is refused or is not obtained by the date referred to above, the Buyer is still liable to the Seller for all costs associated with the Seller making the application. The Seller is not required to reimburse or repay the Buyer any part of the costs it may incur.
29.3 At the time of signing this Contract, the Buyer must disclose in the relevant item of the Particulars its status in terms of the Foreign Acquisitions and Takeovers Act. If the Buyer is a company and/or a Trustee the Buyer must also provide to the Seller at the time of signing this Contract the names and addresses of the principal shareholders and/or beneficiaries. The Buyer warrants the accuracy of all information provided.
Foreign Investment Review Board. The purchaser warrants that the provisions of the Foreign Acquisitions and Takeovers Act 1975 (C'th) do not require the purchaser to obtain consent to enter this contract. If there is a breach of any such warranty (whether intentional or not) the purchaser must indemnify and compensate the vendor for any loss, damage or cost which the vendor incurs as a result of the breach. This warranty and indemnity do not merge on completion of this contract.
Foreign Investment Review Board. 16.1. Foreign Investment Approvals means all approvals, notifications or consents required by the purchaser pursuant to the Foreign Investment Laws for the purposes of entering into and fulfilling its obligations pursuant to this contract and obtaining a transfer of the Land.
Foreign Investment Review Board. The Buyer warrants that either:
(1) the Treasurer has consented under the Foreign Acquisitions and Takeovers Xxx 0000 (Cth) to the Buyer’s purchase of the Property; or
(2) the Treasurer’s consent is not required to the Buyer’s purchase of the Property.
Foreign Investment Review Board. The occurrence of any of the following events:
(a) the Treasurer of the Commonwealth of Australia giving an approval to the acquisition by IBAH of the Shares under the Foreign Acquisitions and Takeovers Xxx 0000 (Cwth) ("FATA") (the approval to be subject to no conditions or only to those conditions that IBAH considers (in its absolute discretion) to be acceptable),
(b) the expiration of the relevant period following the giving of notice relating to the acquisition by IBAH of the Shares under section 26 of the FATA without any order of prohibition being made under the FATA; and
(c) the Treasurer of the Commonwealth of Australia indicating to IBAH that there is no objection in terms of the Foreign Investment Policy of the Federal Government of Australia to the acquisition by IBAH of the Shares.
Foreign Investment Review Board. The Buyer warrants that either:
Foreign Investment Review Board. The Buyer warrants to the Seller that the Buyer has obtained, or is not required to obtain, any necessary consent and/or approval from the Foreign Investment Review Board and/or any other relevant authority to purchase the Property from the Seller on the terms and conditions set out in this Contract.
Foreign Investment Review Board approval not required
(a) The Purchaser warrants that the provisions of the Foreign Takeovers Act 1975 (Cth) do not apply to the Purchaser in respect of its purchase of the Unit.
(b) The Purchaser must indemnify the Vendor against any penalties fines, legal costs, claims, loss or damage in respect of any breach of the warranty in clause 21.8(a).
(c) This clause 21.8 does not merge on Completion.
Foreign Investment Review Board. The Purchaser receiving from the Foreign Investment Review Board of the Commonwealth of Australia approval of the purchase of the Acquired Assets and all of the other transactions contemplated by this Agreement, such approval which is:-
(a) unconditional; or
(b) subject to conditions which do not materially affect the commercial arrangement constituted by this Agreement or the economic substance of the agreement reached between the parties reflected in this Agreement. The Purchaser agrees to consult with the Company in making its application to the Foreign Investment Review Board for approval.
Foreign Investment Review Board. In the event the Foreign Acquisitions and Takeovers Act 1975 applies to the Purchaser and to this
