SECURITY INTERESTS AND ASSIGNMENTS Clause Samples

SECURITY INTERESTS AND ASSIGNMENTS. Restriction on assigning mortgaging charging encumbering Casino Licence etc or disposing of the Site 10 (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; (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;
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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
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SECURITY INTERESTS AND ASSIGNMENTS. Restriction on assigning mortgaging charging encumbering Casino Licence 25. (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” 10
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SECURITY INTERESTS AND ASSIGNMENTS. Restriction on assigning mortgaging charging encumbering Casino Licence etc or disposing of the Site 10 (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; page 52 Compare 14 Dec 2023 [03-d0-00] / 15 Mar 2024 [03-e0-00] Published on ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇.▇▇ (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; (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;
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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; (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; (3) In the event that the Trustee with the prior consent of the Minister desires to sub-divide the Site or any part of it, the State shall use its best endeavours to ensure that the approval to sub-divide shall not be subject to any condition, precedent or subsequent, requiring the setting aside or reservation of land for the purpose of public open space or in any other way set aside or reserved for use by the public other than any land necessarily required for the purpose of public streets.
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Related to SECURITY INTERESTS AND ASSIGNMENTS

  • CESSION AND ASSIGNMENT The Service Provider shall not cede, assign, abandon or transfer any of its rights and/or obligations in terms of this Agreement (whether in part or in whole) or delegate any of its obligations in terms of this Agreement, without the prior written consent of the Fund.

  • Enurement and Assignment This Agreement shall enure to the benefit of the parties hereto and their respective successors and permitted assigns and shall be binding upon the parties hereto and their respective successors. This Agreement may not be assigned by any party hereto without the prior written consent of each of the other parties hereto.