Project Term definition

Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

Project Term. The term of this Agreement as defined in Section 2.1 hereof.

Project Term means the period from the Signature Date to the Expiry Date or the Termination Date, whichever occurs first;

Examples of Project Term in a sentence

• The Eligible Applicant agrees to undertake all reasonable efforts to proceed diligently and in a timely manner with the Eligible Activity in accordance with the Eligible Activity and Expense Schedule and agrees to complete the Eligible Activity by the end of the Project Term.

• The Minister may request the Eligible Applicant to submit additional reports during the Project Term which the Eligible Applicant shall submit, to the Minister’s satisfaction, by the dates specified by the Minister.

• Unless otherwise authorized by the Minister, claims will only be accepted for Eligible Expenses incurred by the Eligible Applicant during the Project Term.

• The Eligible Applicant agrees to give the Minister and representatives of the Minister access to examine their operation from the Effective Date until six years following the end of the Project Term.

• From the Effective Date until three years after the Project Term, the Eligible Applicant shall not, without the prior written consent of the Minister, cause or suffer to exist any sale, transfer, assignment, or pledge of interest which would result in a change of control of the Eligible Applicant, or the disposition of all or substantially all of the assets of the Eligible Applicant.

More Definitions of Project Term

Project Term means a period of [insert the number of months for the contract period] months from Effective Date;

Project Term means the duration of the contract or concession agreement for a PPP project.

Project Term means the period referred to in clause 15.

Project Term means the period commencing at [midnight] on the date of this Agreement and ending on the earlier of the Expiry Date and the Termination Date;

Project Term shall have the meaning set forth in Section 3.1 of this Agreement. “Property” shall mean any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

Project Term the period specified in Clause 2.2;

Project Term the period from the Signature Date to the Expiry Date or the Termination Date, whichever occurs first; 2.1.70 “Project Year” - each period of twelve (12) consecutive months, commencing on the Operation Commencement Date and thereafter commencing on every anniversary of the Operation Commencement Date; 2.1.71 “Protected Area” - Kruger National Park; 2.1.72 “Protected Areas Act” - the National Environmental Management: Xxxxxxxxx Xxxxx Xxx, 0000 (Act No. 57 of 2003,) (as amended) from time to time); 2.1.73 “Rand” or “R” - the South African Rand, the lawful currency of South Africa; 2.1.74 “Regulations” - regulations issued in terms of the Protected Areas Act; 2.1.75 “Regulatory Provisions” - (a) the Environmental guidelines (“Environmental Specifications”) for operators operating within the Protected Area which is further described in Schedule 7, as same may be revised and updated by SANParks from time to time, and (b) collectively the Laws, and standards of the State and any Relevant Authority which in any way affects or applies to the conduct of the Project and/or this PPP Agreement from time to time or, if the context is appropriate, any one of them and where appropriate includes the Regulations, Park Rules and Park Management Plan; 2.1.76 “Residual Value” - the depreciated value of the immovable structures (approved by SANParks) built by the Private Party from the date such structures were first accounted for in the Private Parties books until the Termination Date, as the case may be. Depreciation shall be calculated in accordance with depreciation presented for income tax purposes; 2.1.77 “Responsible Authority” - the South African national and/or provincial and/or local governmental authority having jurisdiction over any or all of the Parties or any subject matter of this PPP Agreement. A Responsible Authority shall, for the avoidance of doubt, not include any provider of Utilities; 2.1.78 “Restricted Enterprise” - a person restricted from contracting with SANParks and/or a Responsible Authority as a result of being listed either on - (i) the Register for Tender Defaulters compiled in terms of the regulations to the Prevention and Combating of Corrupt Activities Act, 2004; (ii) the Disqualified Directors’ Register (maintained by the Companies and Intellectual Property Commission) in terms of Section 69(13) of the Companies Act; and/or (iii) any other relevant listing required by Law;