Morley Shopping Centre Redevelopment Agreement Act 1992

Subject to the provisions of this clause a Joint Venturer may assign mortgage charge sub‑let or dispose of the whole or any part of the rights of the Joint Venturer under this Agreement (including the Joint Venturer’s rights to or as the holder of any lease, licence or easement) and of the obligations of the Joint Venturer under this Agreement subject however to the consent of the Minister in the case of an assignment mortgage charge sub‑letting or disposition prior to Project Completion and in the case of an assignment sub‑letting or disposition to the assignee sub‑lessee or disponee (as the case may be) executing in favour of the State (unless the Minister otherwise determines) a Deed of Covenant in a form approved by the Minister to comply with and observe and perform the provisions of this Agreement on the part of the Joint Venturer to be complied with observed or performed in regard to the matter or matters the subject of such assignment sub‑letting or disposition.

Notwithstanding anything contained in or anything done under or pursuant to subclause (1) each Joint Venturer shall at all times during the currency of this Agreement be and remain liable for the due and punctual performance and observance of all the covenants and agreements on part of the Joint Venturers contained in this Agreement but the Minister may agree to release a Joint Venturer from such liability where the Minister considers such release will not be contrary to the interests of the State.