Meeting papers

Document Set ID: 22408732
                                       Page 23 of 28
Version: 2, Version Date: 08/05/2023

HWL
                                                                                          EBSWORTH

                                              (b)     All previous negotiations, understandings,
                                                      representations, warranties, memoranda or
                                                      commitments in relation to, or in any way affecting, the
                                                      subject matter of this document are merged in and
                                                      superseded by this document and are of no force or
                                                      effect.

               11.     Contingency Fund                                                               .

               11.1.   Maintenance of Contingency Fund
                                              (a)     TN will maintain at all times a Contingency Fund ata
                                                      balance that is no less than $250,000.00 throughout the
                                                  __  term of this Agreement, subject to clause 11.2 (b).
                                              (b)     Amounts may be withdrawn from the Contingency Fund
                                                      on the following conditions:

                               (i) TN must request Council’s approval for any withdrawal of any amount from
                               the Contingency Fund, and provide reasons to Council for the request, as well
                               as a proposal for the reimbursement of any such funds back into the
                               Contingency Fund within a proposed period;

                               (ii) Council must provide TN with its approval or otherwise for any such request
                               within 30 days of receiving TN’s request for a withdrawal.

                Tourism Noosa Funding Deed                                                            Page 12
                Endorsed Ordinary Meeting- 20 April 2023
                ECM: 22408732

Document Set ID: 22408732
Version: 2, Version Date: 08/05/2023                                                                          Page 23 of 28