PPP Fees Clause Samples

PPP Fees. 16.2.1 The monthly PPP Fees payable by the Private Party to SANParks shall be the higher of the following two figures: 16.2.1.1 the Minimum PPP Fee; or 16.2.1.2 the Variable PPP Fee 16.2.2 The minimum PPP Fee or the Variable PPP Fee will be calculated on the turnover for the Restaurant and Retail facilities listed in Schedule 6. 16.2.3 The monthly Minimum PPP Fee and the Variable PPP Fee are set out in detail in Schedule 6 attached hereto. Irrespective of which of these elements determines the final amount payable in any given month, the PPP Fee payment will be the higher of the Minimum PPP Fee or the Variable PPP Fee in each for the Restaurant and Retail facilities listed in Schedule 6 and shall accrue and be payable by the Private Party to SANParks within 7 (seven) Business Days following the end of each month, free of deduction or set-off, to SANParks. 16.2.4 All PPP Fees or other amounts payable by the Private Party to SANParks in terms of this PPP Agreement shall be exclusive of value-added tax (VAT). 16.2.5 The Private Party shall, notwithstanding any other provision of this PPP Agreement, not be obliged to pay rental for the period from the Effective Date up to the Operation Commencement Date, where after PPP Fees will be payable as provided for herein.

PPP Fees. 17.2.1 The Private Party shall pay the PPP Fee to SANParks each month from the Operation Commencement Date, for each month of the Project Year. 17.2.2 The monthly PPP Fees payable by the Private Party to SANParks shall be the higher of the following two figures: 17.2.2.1 the Minimum PPP Fee set by SANParks increased annually by CPI; or 17.2.2.2 the Variable PPP Fee (the percentage of actual gross revenue earned by the Private Party in each Project Year). 17.2.3 The Minimum PPP Fee or the Variable PPP Fee will be calculated on the turnover for the Scooter Tours operation, as listed in Schedule 6. 17.2.4 The monthly Minimum PPP Fee and the Variable PPP Fee are set out in detail in Schedule 6 attached hereto. Irrespective of which of these elements determines the final amount payable in any given month, the PPP Fee payment will be the higher of the Minimum PPP Fee or the Variable PPP Fee for the Scooter Tours operation and shall be payable by the Private Party to SANParks within 7 (seven) Business Days following the end of each month, free of deduction or set-off, to SANParks. 17.2.5 For purposes of reconciling the PPP Fees payable by the Private Party in any given Financial Year, the Private Party shall, within 30 (thirty) days after the end of each Financial Year, furnish its audited financial statements to SANParks, where after SANParks shall verify and reconcile the PPP Fees due against the PPP Fees actually paid in the relevant Financial Year. 17.2.6 In the event that subsequent to the enquiry contemplated in clause 17.2.5 above, the PPP Fees paid by the Private Party are less than the PPP Fees due to SANParks in the relevant Financial Year (the “Outstanding Fees”); the Private Party shall pay the Outstanding Fees to SANParks upon demand. 17.2.7 All PPP Fees or other amounts payable by the Private Party to SANParks in terms of this PPP Agreement shall be exclusive of VAT. 17.2.8 The Private Party shall, notwithstanding any other provision of this PPP Agreement, not be obliged to pay rental for the period from the Signature Date up to the Operation Commencement Date, where after PPP Fees will be payable as provided for herein. 17.2.9 Interest shall accrue on all overdue amounts payable in terms of this PPP Agreement as per SANParks’ Financial Rules and Regulations.

PPP Fees. The Private Party shall pay SANParks a PPP Fee as follows: 15.2.1 The annual fee payable by the Private Party to SANParks for any given year shall be the highest of the following: 15.2.1.1 The Minimum PPP Fee for the year; or 15.2.1.2 The Variable PPP Fee for that year. 15.2.2 The payment will be as follows: 15.2.2.1 The Minimum PPP Fee shall accrue and be payable by the Private Party to SANParks within 7 (seven) Business Days following the end of each month. 15.2.2.2 The Variable PPP Fee shall be calculated by the Private Party for the year in question on the basis of the Private Party’s audited statements within 60 days of the end of the year. If this figure is higher than the Minimum PPP Fee, it shall be the total amount payable under this Clause Error! Reference source not found. by the Private Party to SANParks. The difference between the Variable PPP Fee thus determined and the aggregate of amounts already paid as Minimum PPP Fee, will be payable within 7 (seven) Business Days following the calculation. 15.2.3 The Minimum PPP Fee or the Variable PPP Fee will be calculated on the aggregate turnover for Ratelrivier Estate at ANP. 15.2.4 All PPP Fees or other amounts payable by the Private Party to SANParks in terms of this PPP Agreement shall be exclusive of value-added tax (VAT). 15.2.5 The Private Party shall, notwithstanding any other provision of this PPP Agreement, not be obliged to pay rental for the period from the Effective Date up to the Operation Commencement Date, where after PPP Fees will be payable as provided for herein.

PPP Fees. 15.2.1 The monthly PPP Fees payable by the Private Party to SANParks shall be the higher of the following two figures: 15.2.1.1 the Minimum PPP Fee; or 15.2.1.2 the Variable PPP Fee 15.2.2 The minimum PPP Fee or the Variable PPP Fee will be calculated on the turnover for each of the ▇▇▇▇ Braai business listed in Schedule 6.

PPP Fees. The Lessee shall pay SANParks a PPP Fee as follows: 15.2.1 For the purposes of this clause 15.2.1;

PPP Fees. The Private Party shall pay SANParks a PPP Fee as follows: 15.2.1 For the purposes of this clause 15.2.1;

PPP Fees. The Private Party shall pay SANParks a PPP Fee as follows: 15.2.1 For the purposes of this clause 15.2.1;