SANParks’ Options Clause Samples
SANParks’ Options. 24.2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may:
24.2.1.1 in the case of the Private Party Default referred to in Clauses 24.1.1; 24.1.2; 24.1.3; 24.1.4; 24.1.6; 24.1.7; 24.1.8; 24.1.9 and 24.1.12 terminate this PPP Agreement in its entirety by notice in writing having immediate effect;
24.2.1.2 in the case of any other Private Party Default referred to in Clauses 24.1.5 and 24.1.13, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within 20 Business Days of such notice of default.
24.2.2 If the Private Party Default is notified to the Private Party in a notice of default in terms of Clause 24.2.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.
SANParks’ Options. 27.2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may:
27.2.1.1 in the case of the Private Party Default referred to in Clauses 27.1.1, 27.1.2, 27.1.3, 27.1.4, 27.1.6, 27.1.7, 27.1.8, 27.1.9 and 27.1.11 terminate this PPP Agreement in its entirety by notice in writing having immediate effect;
27.2.1.2 in the case of any other Private Party Default referred to in Clauses 27.1.5, 27.1.10 and 27.1.12, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or
27.2.1.3 request that the Private Party put forward, within 10 (ten) Business Days of a notice of default, a reasonable programme for remedying the Private Party Default or to remedy the underlying cause of such Private Party Default ("Remedial Programme"). The Remedial Programme shall specify in reasonable detail the manner in and the latest date by which, such Private Party Default is proposed to be remedied. The Private Party shall only have the option of putting forward a Remedial Programme if it first notifies SANParks within 5 (five) Business Days of such notice of Private Party Default that it proposes to do so.
27.2.2 If the Private Party Default is notified to the Private Party in a notice of default in terms of Clause 27.2.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.
SANParks’ Options. 17.2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may:
17.2.1.1 in the case of the Private Party Default referred to in Clauses 17.1.1, 17.1.2, 17.1.3, 17.1.4, 17.1.6, 17.1.7, 17.1.8, 17.1.9, 17.1.10, 17.1.11 and 17.1.13 terminate this PPP Agreement in its entirety by notice in writing having immediate effect;
17.2.1.2 in the case of any other Private Party Default referred to in Clauses 17.1.5 and 17.1.12, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within 20 Business Days of such notice of default.
17.2.2 If the Private Party Default is conveyed to the Private Party in a notice of Default in terms of Clause 17.2.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.
SANParks’ Options. 28.2.1 On the occurrence of a Operator Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may:
28.2.1.1 in the case of the Operator Default referred to in Clauses 28.1.1; 28.1.2; 28.1.3; 28.1.4; 28.1.6, 28.1.7, 28.1.8 and 28.1.10 terminate this Agreement in its entirety by notice in writing having immediate effect;
28.2.1.2 in the case of any other Operator Default referred to in Clauses 28.1.5, 28.1.9 and 28.1.11, serve notice of default on the Operator requiring the Operator to remedy the Operator Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or
28.2.1.3 request that the Operator put forward, within 10 (ten) Business Days of a notice of default, a reasonable programme for remedying the Operator Default or to remedy the underlying cause of such Operator Default ("Remedial Programme"). The Remedial Programme shall specify in reasonable detail the manner in and the latest date by which, such Operator Default is proposed to be remedied. The Operator shall only have the option of putting forward a Remedial Programme if it first notifies SANParks within 5 (five) Business Days of such notice of Operator Default that it proposes to do so.
28.2.2 If the Operator Default is notified to the Operator in a notice of default in terms of Clause 28.2.1.2 and the Operator Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this Agreement with immediate effect by written notice to the Operator.
SANParks’ Options. 27.3.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may:
27.3.1.1 in the case of the Private Party Default referred to in Clauses 27.1.1; 27.1.2; 27.1.3; 27.1.4; 27.1.6; 27.1.7; 27.1.8; 27.1.9 and 27.
SANParks’ Options. 25.3.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may:
25.3.1.1 in the case of the Private Party Default referred to in Clauses 25.1.1; 25.1.2; 25.1.3; 25.1.4; 25.1.6; 25.1.7 25.1.8 25.1.9 and 25.1.11 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 25.1.5 and 25.1.10, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or
SANParks’ Options. 21.2.1 On the occurrence of a Lessee Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may:
21.2.1.1 in the case of the Lessee Default referred to in Clauses 21.1.1, 21.1.2, 21.1.3, 21.1.4, 21.1.6, 21.1.7 and 21.1.8 terminate this PPP Agreement in its entirety by notice in writing having immediate effect;
21.2.1.2 in the case of any other Lessee Default referred to in Clauses 21.1.5 and 21.1.9, serve notice of default on the Lessee requiring the Lessee at the Lessee’s option to remedy the Lessee Default referred to in such notice of default (if the same is continuing) within 20 Business Days of such notice of default. If the Lessee Default is notified to the Lessee in a notice of default in terms of Clause 21.2.1.2 and the Lessee Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Lessee and the Lenders.