Common use of Acknowledgements by the Parties Clause in Contracts

Acknowledgements by the Parties. a) The Proponent acknowledges that: i) the benefits associated with the Territory contributing to the Project through project facilitation are over and above the standard provision of regulatory and facilitative services; ii) the Territory’s responsibilities under this Agreement are subject always to: A. the Proponent having complied with all legislative requirements; B. legislative timeframes including public, third party or other consultation periods required by legislation; C. the Territory giving due and proper consideration to all applications and other legislative instruments lodged by the Proponent in accordance with the relevant legislation; D. the Territory’s responsibilities under the National Competition Policy and related agreements and policies; and E. factors which are outside of the Territory’s reasonable control; and iii) the Territory, prior to the development of this Agreement, has worked constructively with the Proponent towards achieving the objectives of this Agreement. b) The Territory acknowledges that the decision to proceed with all or any aspect of the Project is at the Proponent’s absolute and sole discretion.