BLACK ECONOMIC EMPOWERMENT. 18.1 The Private Party shall ensure compliance with all Regulatory Provisions relating to Black Economic Empowerment and undertakes to implement the BEE Obligations set out in Schedule 5.
BLACK ECONOMIC EMPOWERMENT. 17.1 The Contractor must be BBBEE compliant and maintain at least a level 5 for the purposes of this Agreement. The Contractor further undertakes to comply with Black Economic Empowerment policies of ArcelorMittal from time to time and is required to improve its BBBEE compliance status by at least one contribution level every year for the duration of the Agreement, until such time as a BBBEE compliance level 3 is reached. After reaching BBBEE compliance level 3, it must be maintained for the remainder of the Agreement.
BLACK ECONOMIC EMPOWERMENT. 3.1 The Post Office promotes the objects of the Broad-base Black Economic Empowerment Act no 53 of 2003, as amended from time to time, [“BEE Act”] and has developed a procurement policy in terms of which the Service Provider shall be required at all times to comply with and be subject to. 3.2 The Post Office reserves the right to complete a due diligence exercise on the Service Provider to determine compliance of the BEE component and make the necessary recommendation in the event of any non- compliance. 4.
BLACK ECONOMIC EMPOWERMENT. 14.1 When making decisions affecting the performance of its obligations under this Agreement, the Lessee will take into account SANParks and State policies and objectives on affirmative action and employment equity and the empowerment of Historically Disadvantaged Individuals and Historically Disadvantaged Groups (HDG’s).
BLACK ECONOMIC EMPOWERMENT. 22.1. The Contractor acknowledges that it is aware of the relevant provisions of the MPRD Act, the Broad-Based Black Economic Empowerment Act No 53 of 2003, the Broad-Based Socio-Economic Empowerment Charter for the South African Mining Industry and the Code of Good Practice for the Minerals Industry as well as the responsibilities and obligations that have been placed on Glencore as a result of the aforementioned legislation, charter and code.
BLACK ECONOMIC EMPOWERMENT. “ BEE “) A number of potential candidates have approached the company and expressed their interest to become the BEE shareholder in the Company. The company will commence a process shortly to ensure that BEE shareholders are brought into the company over a reasonable period of time. It is the intention to have completed this process by the end of March 2012. The board of the company is, where possible, committed to ensuring the BEE shareholding in the company will be maintained at least at the level of that held by RBH, being effectively 32% of the total issued share capital.
BLACK ECONOMIC EMPOWERMENT. 3.1 The Post Office promotes the objects of the Broad-base Black Economic Empowerment Act no 53 of 2003, as amended from time to time, [“BEE Act”] and has 3. APPOINTMENT 4.1 The Post Office hereby appoints the Service Provider, who accepts such appointment, to provide the Goods and/or Services in the Service Area in accordance with the terms and conditions of the Agreement. 4. RELATIONSHIP 5.1 Nothing in this Agreement shall constitute, or be deemed to constitute a partnership or joint venture between the Parties. Furthermore the Service Provider acknowledges and agrees that its status under this Agreement is that of an independent Service Provider and its Agreement is that of an independent Service Provider and its status shall in no way be deemed to be that of an agent or employee of the Post Office, for any purpose whatsoever, and the Service Provider shall have no authority or power to bind the Post Office, or create a liability against the Post Office in any way or for any purpose. 5. DURATION 6.1 Subject to Clause 23, this Agreement shall commence on the Effective Date and shall terminate on the last day of the Contract Period. 6.2 The Post Office shall be entitled to terminate the Agreement, by giving the Service Provider 30 [thirty] day written notice, without any penalty, charge or cost. 6.