2016-10-17 GC Agenda - Item 8 - Attachment 2 (Amended) - Statement of Financial Position

                    Services relate, and includes the relevant standards and
                    codes published by Standards Australia, and where there
                    are no relevant standards and codes published by
                    Standards Australia, includes any applicable international
                    standards and codes.

Insolvency Event    means if:

                    (a)    a party informs the other party in writing or creditors
                           generally that the party is insolvent or is financially
                           unable to proceed with the Lease;

                    (b)    execution is levied against a party by a creditor;

                    (c)    notice is given of a meeting of creditors of a party
                           with a view to the corporation entering a deed of
                           company arrangement;

                    (d)    a party enters a deed of company arrangement with
                           creditors;

                    (e)    a controller or administrator is appointed to a party;

                    (f)    an application is made to a court for the winding up
                           of a party and not stayed within 14 days;

                    (g)    a winding up order is made in respect of a party;

                    (h)    a party resolves by special resolution that it be
                           wound up voluntarily (other than for a members’
                           voluntary winding-up);

                    (i)    a party fails to comply with a creditor's statutory
                           demand;

                    (j)    a mortgagee of any property of a party takes
                           possession of that property.

Lease               means this lease agreement between the Lessor and
                    Lessee, including all schedules hereto.

Lease Date          means the Lease Date identified in Schedule 4.

Legal Requirement   means a requirement under any Approval, statute,
                    regulation, order, rule, subordinate legislation or other
                    document enforceable under any statute, regulation,
                    order, rule or subordinate legislation.

liability           means any debt, obligation, cost, expense, loss, damage,
                    compensation, charge or liability of any kind, including
                    those that are prospective or contingent and those the
                    amount of which is not ascertained or ascertainable.

Operator            means Transit Australia Group Pty Ltd operating as
                    “Sunshine Sunbus”.

Personnel           means a party's officers, employees, agents and
                    contractors (and their contractors, officers, employees and

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