THE REDEVELOPMENT. (1) The Joint Venturers shall on or before 30 April 1993 (or such later date as the Minister may allow pursuant to clause 19) notify the Minister that the Joint Venturers — (a) will proceed; or (b) will not proceed with the Redevelopment and shall, if the Joint Venturers notify the Minister that they will proceed with the Redevelopment, by the same notice advise the Minister as to the time programme for the commencement (which must be a date not later than 1 August 1993) and completion (which must be a date not later than 1 August 1996) of the Redevelopment. (2) If the Joint Venturers — (a) notify the Minister pursuant to subclause (1) that the Joint Venturers will not proceed with the Redevelopment; or (b) fail to notify the Minister as required by subclause (1) by the due date this Agreement thereupon cease and terminate.
Appears in 29 contracts
Sources: Morley Shopping Centre Redevelopment Agreement, Morley Shopping Centre Redevelopment Agreement Act 1992, Morley Shopping Centre Redevelopment Agreement Act 1992