Visy Mill Facilitation Act 1997
9Guarantees
Start here
Get a plain-English read of 9
Turn the raw legal text into a practical explanation grounded in Visy Mill Facilitation Act 1997.
9 Guarantees
9 Guarantees
(1) The State may guarantee the due performance by the Commission of any obligations or liabilities incurred by the Commission under the Agreement.
(2) The form of such a guarantee (including its terms and conditions) is to be as determined by the Treasurer.
(3) The State may, in relation to any matters arising under or in connection with the Agreement, agree to make a payment to the Company pursuant to such a guarantee even though the Commission may be precluded by the law of New South Wales from making such a payment.
(4) The Treasurer may act on behalf of the State for the purposes of giving a guarantee under this section or entering into an agreement under this section. The Treasurer (or a person appointed by the Treasurer) may execute any relevant document relating to the guarantee or agreement.