Common use of Transfer of Water Allocation Clause in Contracts

Transfer of Water Allocation. The Seller may transfer the Water Allocation to any person who enters into a deed of covenant in favour of the Buyer to be bound by this Agreement in place of, and to the same extent as, the Seller. Upon execution by the assignee of the deed of covenant, the Seller will be released from any further obligation under this Agreement.

Appears in 8 contracts

Samples: Contract of Sale of Water Allocation, Contract of Sale, Contract of Sale of Water Allocation

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