Common use of SECURITY INTERESTS AND ASSIGNMENTS Clause in Contracts

SECURITY INTERESTS AND ASSIGNMENTS. Restriction on assigning mortgaging charging encumbering Casino Licence etc or disposing of the Site (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” 8 (2) In sub-clause (1)(b) “disposition” includes (i) a disposition of any estate or interest in any manner including by way of sale transfer assignment lease letting or license; and (ii) entering into an agreement to effect a disposition whether in either case for valuable consideration or not and “dispose” has a corresponding meaning but does not extend to the letting or leasing of shops and offices, or the granting of concessions, within the Resort Complex; Sub-division of the Site 8

SECURITY INTERESTS AND ASSIGNMENTS. Restriction on assigning mortgaging charging encumbering Casino Licence etc or disposing of the Site (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” 810 (2) In sub-clause (1)(b) “disposition” includes (i) a disposition of any estate or interest in any manner including by way of sale transfer assignment lease letting or license; and (ii) entering into an agreement to effect a disposition whether in either case for valuable consideration or not and “dispose” has a corresponding meaning but does not extend to the letting or leasing of shops and offices, or the granting of concessions, within the Resort Complex; Sub-division of the Site 810

SECURITY INTERESTS AND ASSIGNMENTS. Restriction on assigning mortgaging charging encumbering Casino Licence etc or disposing of the SiteSite 810 (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” 88 10 (2) In sub-clause (1)(b) “disposition” includes (i) a disposition of any estate or interest in any manner including by way of sale transfer assignment lease letting or license; and (ii) entering into an agreement to effect a disposition whether in either case for valuable consideration or not and “dispose” has a corresponding meaning but does not extend to the letting or leasing of shops and offices, or the granting of concessions, within the Resort Complex; Sub-division of the Site 8810