Common use of DISPOSAL OF THE PROPERTY Clause in Contracts

DISPOSAL OF THE PROPERTY. During the Term of this Agreement the Organisation must not Dispose of the Property, or any part of the Property, without first: (a) obtaining the Commonwealth’s consent in writing (such consent may be withheld at the Commonwealth’s sole and unfettered discretion); and (b) requiring the purchaser, transferee, lessee, licensee, mortgagee, chargee or other disponee to enter into a deed of covenant with the Commonwealth under which the purchaser, transferee, lessee, licensee, mortgagee, chargee or other disponee covenants in favour of the Commonwealth to use the Property and the Works for the Designated Use until the expiry of the Designated Use Period.

DISPOSAL OF THE PROPERTY. During the Term of this Agreement the Organisation must not Dispose of the Property, any interest in the Property, or any part of the Property, without first: (a) obtaining the Commonwealth’s consent in writing (such consent may be withheld at the Commonwealth’s sole and unfettered discretion); and (b) requiring the purchaser, transferee, lessee, licensee, mortgagee, chargee charge, grantee or other disponee to enter into a deed of covenant with the Commonwealth under which the purchaser, transferee, lessee, licensee, mortgagee, chargee charge, grantee or other disponee covenants in favour of the Commonwealth to use the Property and the Works for perform the Designated Use until the expiry of the Designated Use Period.