Infrastructure Owner definition
Examples of Infrastructure Owner in a sentence
This Contract can be varied by written agreement of the Strata Company, Party Benefitting and the Infrastructure Owner.
Subject to compliance with clause 6.1, the Infrastructure Owner may transfer ownership of the Infrastructure and its rights and obligations under this Contract to another person (New Infrastructure Owner) provided the New Infrastructure Owner signs a deed of novation on terms acceptable to the Strata Company and the Party Benefitting.
Transfer of ownership of Infrastructure The Infrastructure Owner must, at least 28 days before transferring ownership of or disposing of the Infrastructure provide written notice to the Strata Company and the Party Benefitting of the transfer or disposal and must comply with this clause 6.
The Strata Company acknowledges and agrees that: the Infrastructure Owner is entitled to install Utility Conduits on the Common Property, subject to section 63 of the Act; and the Party Benefitting is entitled to the benefits of the Infrastructure.
Unless otherwise stated in the deed of novation, the date of transfer of the Infrastructure (Transfer Date) is the date the New Infrastructure Owner signs the deed of novation.
Notwithstanding clauses 4.1 and 4.2, the Infrastructure Owner can negotiate with the Strata Company, with a view to achieving a fair and reasonable outcome on any other steps that the Infrastructure Owner may take to enable the Strata Company to obtain the Required Insurance over the Easement Area on reasonable terms.
If the Strata Company, the Infrastructure Owner or Party Benefitting are in dispute and if reasonable attempts to resolve the dispute have failed, either the Strata Company, Party Benefitting or the Infrastructure Owner can refer the dispute to the Tribunal in accordance with section 197 of the Act.
The Infrastructure Owner is not responsible under clause 3.1.3 for any damage caused as a result of an unreasonable act or omission: by the owner of the damaged Lot; or by the Strata Company if the damage is to Common Property.
Notwithstanding clause 5, the Strata Company consents to the Infrastructure Owner making an application for planning approval or any other approval required by regulation 65 of the Regulations or any approval required by any other written law to enable the Infrastructure to be lawfully installed within the Easement Area.
Nothing in this Contract implies that the Infrastructure Owner is required to renew or replace any Common Property.