Common use of Foreign Acquisition Clause in Contracts

Foreign Acquisition. 6.1. The purchaser warrants that the provision of the Foreign Acquisitions and Takeovers Act 1975 (Cth) do not require the Purchaser to obtain consent to enter this contract. 6.2. If there is a breach of warranty contained in the clause 5.1 (whether intentional or not) the Purchaser must indemnify and compensate the Vendor for any loss, damage or cost which the Vendor incurs as a result of the breach; 6.3. This warrant and indemnity do not merge on completion of this contract.

Appears in 1 contract

Sources: Contract of Sale of Land

Foreign Acquisition. 6.15.1. The purchaser warrants that the provision of the Foreign Acquisitions and Takeovers Act 1975 (Cth) do not require the Purchaser to obtain consent to enter this contract. 6.25.2. If there is a breach of warranty contained in the clause 5.1 (whether intentional or not) the Purchaser must indemnify and compensate the Vendor for any loss, damage or cost which the Vendor incurs as a result of the breach; 6.35.3. This warrant and indemnity do not merge on completion of this contract.

Appears in 1 contract

Sources: Contract of Sale of Land