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Legislative Assembly for the ACT: 2000 Week 3 Hansard (9 March) . . Page.. 781 ..
Plan in respect of the Raider's annual aggregate public paid attendance for that year, less annual aggregate match day on-costs and expenses payable under the Hiring Agreement.
If Arthur Anderson and/or IMG do not support the Business Plan, both parties reserve the right to review and renegotiate this agreement.
In the event that this guarantee involves the Territory in the provision of a subsidy to the Raiders in any year, the Territory will have 'claw back' rights to recover the subsidy from future distributions to the Raiders in any subsequent year during the Hiring Agreement.
RECOGNITION OF CAPITAL COSTS INCURRED
The Territory recognises the costs incurred by the Raiders in the implementation of previous plans for upgrading of the Stadium. The Territory agrees to negotiate. with the Raiders in good faith to achieve a reasonable and early settlement this issue.
TERMINATION
Either party may terminate this Agreement by notice in writing to the other if:
the parties have failed to agree a Hiring Agreement by 1 March 1998;
the redevelopment of the Stadium by the Territory differs substantially from the proposal set out in the attached plans;
the Raiders merges with any other team in a competition in which the Raiders compete, or
any of the following or any similar event or circumstance occurs:
(a) the company is unable to pay their debts s they fall due, or is, deemed to be unable to pay its debts under the Corporations Law;
(b) the company is placed under administration or a receiver or liquidator is appointed in relation to the company or any part of its assets, or undertakings;
(c) a winding up order is made in respect or the company or an application for winding up is made to a court and is not stayed or dismissed within 14 days;
(e) the company enters into scheme of arrangement with its creditors; or
(f) a resolution is passed at a meeting of creditors to take action in respect of the company of a kind mentioned in paragraph (b), (c), (d) or (e).
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