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11022015093450-0001 · 131999.982996.1
Attached to the e-mail 131999.982996.1 Body corporate consent and approval of proposal.
Statistician (whether published or advised) at the request of either party reflects on a consistent basis changes which have occurred in the cost of living in Brisbane provided further that if the Australian Statistician has not published and will not advise an appropriate Index the expression shalt mean such Index which accurately reflects changes in the cost of living in Brisbane as determined by a consulting actuary (being a member of the Institute of Actuaries of Australia) to be agreed upon by the parties and in the absence of agreement for a period of seven days to be appointed by the person for the time being acting as President of that Institute and the current index number or the index number then current refers in the case of an Index Number published or advised by the Australian Statistician to the Index Number last published before the relevant date and in any other case to the Index Number which the Consulting Actuary considers appropriate as at the relevant date. (c) “Indexed Amount” The expression “indexed amount" shall mean in respect of any Licence year the amount derived by multiplying the Licence fee for the last preceding Licence year by the index number current on the first day of the Licence year in respect of which the indexed amount is being calculated and dividing the result by the index number current on the first day of the last preceding Licence year. (d) tn this Agreement unless the contrary intention appears: (i) the singular includes the plural and vice versa; . (ii) headings are for convenience of reference only and do not affect the construction or interpretation of this Agreement; (iii) where a party to this Agreement is more than one person they are jointly and severally liable; (iv) person includes corporation. Guarantee In consideration of the Body Corporate having at the Guarantor's request consented to the grant of the Licence to the Licensee the Guarantor hereby guarantees to the Body Corporate the due and punctual performance and observance of all the Licensee's obligations, agreement and stipulations under this Agreement, including the due and punctual payment of all rent and other moneys payable under or pursuant to the terms of the Agreement and the Guarantor further hereby covenants and agrees to indemnify and keep indemnified the Body Corporate against any loss howsoever arising which it may suffer or incur In consequence of any failure on the part of the Licensee to promptly perform its obligations under this Agreement including any loss the . Body Corporate may suffer or incur in consequence of any failure on the part of the Licensee to promptly pay any rént or other moneys payable and all costs, charges and expenses to which the Body Corporate may be put (including legal costs calculated on a solicitor and own client basis) in consequence of any such failure or arising thereout and the Guarantor hereby further covenants and agrees that this guarantee shall not be affected or discharged by the Body Corporate granting to the Licensee any time or other indulgence or other consideration or by teason of any transaction that may take place between the Body Corporate and the Licensee or between the Body Corporate and the Guarantor or by any other act or omission on the Body Corporate’s part whereby the liability of the Guarantor as surety would but for this provision have been affected or discharged. The covenants and agreements herein contained bind each of the persons defined as the Guarantor notwithstanding any failure of any other such persons to execute this guardntee or any technica! defect to such execution or this guarantee and indemnity not being binding on such person.
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