Common use of SECURITY INTERESTS AND ASSIGNMENTS Clause in Contracts

SECURITY INTERESTS AND ASSIGNMENTS. Restriction on assigning mortgaging charging encumbering Casino Licence 25. (1) The Trustee shall not: (a) except in accordance with the provisions of the Control Act assign or mortgage, charge or otherwise encumber: (i) the Burswood Casino Licence; (ii) the Site; (iii) its rights and benefits under this Agreement; (b) during the continuance of this Agreement dispose of the Site or any part thereof without the prior consent of the Minister; Definition of “Disposition” 10

SECURITY INTERESTS AND ASSIGNMENTS. Restriction on assigning mortgaging charging encumbering Casino LicenceLicence etc or disposing of the Site 810 25. (1) The Trustee shall not: (a) except in accordance with the provisions of the Control Act assign or mortgage, charge or otherwise encumber: (i) the Burswood Casino Licence; (ii) the Site; (iii) its rights and benefits under this Agreement; (b) during the continuance of this Agreement dispose of the Site or any part thereof without the prior consent of the Minister; Definition of “Disposition” 10;

SECURITY INTERESTS AND ASSIGNMENTS. Restriction on assigning mortgaging charging encumbering Casino LicenceLicence etc or disposing of the Site 10 25. (1) The Trustee shall not: (a) except in accordance with the provisions of the Control Act assign or mortgage, charge or otherwise encumber: (i) the Burswood Casino Licence; (ii) the Site; (iii) its rights and benefits under this Agreement; (b) during the continuance of this Agreement dispose of the Site or any part thereof without the prior consent of the Minister; Definition of “Disposition” 10As at 01 Feb 2008 Version 02-a0-01 page 00