Document ID: chunk:federal_register_of_legislation:F2023C00244:body:0:p24
Version: federal_register_of_legislation:F2023C00244
Segment Type: other
Provision Reference: 
Character Range: 73575–76782

adversely affecting
              the ability of a Notifying or Other Party to perform its
              obligations to the Other or Notifying Party respectively,
              continues for a period of six months; or

              (f)  as a result of s. 459F or any other section of the
              Corporations Law, the Second Carrier is taken to have
              failed to comply with a statutory demand; or

              (g)  at any time during the term any director of the Other Party does any of the following things under the Bankruptcy Act 1966 (Cth):
                (i)     becomes bankrupt;
                (ii)   signs an authority under section 188;
                (iii) commits any of the acts of bankruptcy specified in section 40; or
                (iv) presents a debt agreement or personal insolvency agreement; or
              (h)  the Other Party defaults, and such default continues for
              a period of ten Business Days after written notice has
              been given to it by the Notifying Party, in the payment
              of any money which is owing by the Other Party on any
              account whatsoever to the Notifying Party; or

              (i) the Other Party breaches any of the terms of any of its
              loan, security or like agreements or any lease or
              agreement relating to equipment used in conjunction
              with the business of that Other Party related to this
              Code, or that Other Party fails to make on the due date,
              any payment due in respect of any loan or debt taken
              out or owed by that Other Party which loan or debt is
              at that time guaranteed or otherwise secured by the
              Notifying Party or any of its related bodies corporate
              or Controlled Entities; or

              (j)  a demand is made on the Notifying Party for payment
              of money under any instrument, guarantee or indemnity
              given by the Notifying Party to secure advances or other
              financial accommodation made to the Other Party; or

              (k)  the Other Party ceases to carry on business for a period
              of more than ten consecutive Business Days without the
              prior written consent of the Notifying Party; or

              (l)  anything analogous or having a substantially similar
              effect to any of the events specified above occurs in
              relation to the Other Party or a related body corporate
              or controlled entity of that Other Party; or

              (m) the Other Party breaches a term or condition
              of a security provided under a security requirement; or

              (n)  the Eligible Facility is damaged or destroyed or if there
              is an interruption to access to the Eligible Facility so as
              to render the Eligible Facility or any part of the Eligible
              Facility wholly or substantially unfit for the occupation
              or use or inaccessible by any means of access; or

              (o)  any application for a required consent or a permit for
              the installation and use of