Common use of Cancellation of Previous Agreements Clause in Contracts

Cancellation of Previous Agreements. 1. The 1969 Agreement and the 1981 Agreement are hereby cancelled and the rights and obligations of the parties thereto and to any licences leases grants and other rights thereunder are hereby terminated without prejudice however to the right title and interest of the Company and its mortgagees transferees and successors in title to the land the subject of the Crown Grant referred to in subclause (1) of Clause 1 of the 1969 Agreement and the Crown Grant referred to in Clause 18A of that Agreement namely Fitzroy Locations 30 and 39.