Substitute Entity Sample Clauses

Substitute Entity. 33.3.1 Upon the occurrence of an event in Clause 27 entitling SANParks to terminate this PPP Agreement, and upon the expiry of the remedy period (in the event a remedy period is provided), or, where no remedy period is provided, upon the occurrence of such event, SANParks shall have the right, subject to the PFMA, to appoint a substitute entity, that the substitute entity nominated by SANParks-
Sample 1Sample 2Sample 3See All (42)
AutoNDA by SimpleDocs
Substitute Entity. 31.1 Upon the occurrence of any event in clause 29 entitling the Developer to terminate this Concession Contract, upon the expiry of the Remedy Period (in the event a Remedy Period is provided), or where no Remedy Period is provided, upon the occurrence of such event, the Developer shall have the right to appoint a Substitute Entity.
Sample 1
Substitute Entity. 32.4.1 Upon the occurrence of an event in Clause 24 entitling SANParks to terminate this PPP Agreement, and upon the expiry of the Remedy Period (in the event a Remedy Period is provided), or, where no Remedy Period is provided, upon the occurrence of such event, SANParks shall have the right to appoint a Substitute Entity, subject to agreement by the Lenders, that the Substitute Entity nominated by SANParks- is legally and validly constituted and has the capability to enter into such agreements as may be reasonably required to give effect to the substitution; has the financial and technical capability sufficient to perform and assume the obligations of the Private Party under the PPP Agreement and the Loan Agreements; and has the financial capability to pay any damages or other sums outstanding which SANParks is entitled to receive from the Private Party before or at the time of such substitution.
Sample 1
Substitute Entity. Substitute entity nominated by the Council Should any of the events referred to in 57.1 occur, the Council shall be entitled to nominate a Substitute Entity in terms of the provisions of this clause 60.1 to take over the operation and maintenance of the Works and Supply of Water Services if - the Concessionaire fails to remedy the breach in question within the period provided in 57.2; or no notice to remedy the breach in question is required in terms of 57.3.2. Upon the occurrence of any event referred to in 57.3, the Council shall forthwith but no later than 21 (twenty one) days or such further period agreed to in writing between the Council and the Lenders of such occurrence notify the Lenders whether or not it intends to nominate a Substitute Entity pursuant to 60.1 and, if the Council in such notice indicates that it does so intend the provisions of 60.1.3 up to and including 60.1.7 shall apply or, if the Council in such notice indicates that it does not so intend or if it fails for whatsoever reason to notify the Lenders timeously, the provisions of 60.1.7 shall apply. The notice shall contain - the full identity of the proposed Substitute Entity; and such other details pertaining to the proposed Substitute Entity as the Lenders may reasonably require to enable the Lenders to consider its appointment as Substitute Entity. The proposed Substitute Entity shall be required within 30 (thirty) days of such notice to provide evidence satisfactory to all the Lenders that - it is legally and validly constituted and has the necessary capabilities to enter into such agreements as may reasonably be required by the Lenders and by the Council to give effect to the substitution; it has sufficient financial and technical capabilities to perform and assume the obligations of the Concessionaire under this Contract and all Financing Agreements; it has the necessary financial capability to pay any damages or other sums outstanding which the Council is entitled to receive from the Concessionaire before or at the time of such substitution. The Lenders shall be entitled, within 21 (twenty one) days of receipt of such evidence from the proposed Substitute Entity, to notify the Council of their acceptance or non-acceptance of the substitution. Where the Lenders notify the Council in terms of 60.1.5 of their acceptance of the Substitute Entity proposed by the Council and of the substitution, the Council shall proceed forthwith, but in any event by no later than 14 (fourteen) ...
Sample 1
Substitute Entity. 19.1. Upon the occurrence of an event entitling the Authority to terminate this Licence, and upon the expiry of the Remedy Period (in the event a Remedy Period is provided), or, where no Remedy Period is provided, upon the occurrence of such event, the Authority shall have the right at its sole discretion to license a substitute entity to conduct the Operations on its behalf.
Sample 1

Related to Substitute Entity

  • Substitute Employee A person who takes the place of an employee on a non-permanent, day-to-day basis, until the regularly assigned employee returns or is replaced.

  • Substitute Checks You agree not to deposit any substitute check or similar item that you have created, or for which no financial institution has provided any substitute check warranties and indemnity. If you do so, you agree to indemnify us for all losses we incur in connection with the substitute check or item. You agree not to deposit any substitute check without our consent.

  • Substitute Employees Employees replacing another on leave of absence from the position shall be known as substitute employees. Those substitutes who exceed 194 workdays in the fiscal year shall not gain permanent employment rights with the District. However, the agency shop provisions of this contract shall cover the employee.

  • Substitute Members No transferee of all or part of a Member’s Membership Interest shall become a substitute Member in place of the transferor unless and until:

  • Substitute Teachers In lieu of salary under the Basic Salary Schedule, the District shall pay to teachers employed on the basis of the teacher being available for service if and when called upon by the District, and known as Substitute Teachers, an allowance of $201.72 per day of teaching effective September 1, 2009. Half days will be paid at 50 per cent of the full day allowance.

  • Admission of a Substitute or Additional General Partner A Person shall be admitted as a substitute or additional General Partner of the Partnership only if the following terms and conditions are satisfied:

  • Substitute Teaching An adjunct faculty member who is interested in a substitute teaching assignment may be assigned to teach as a substitute in a course section for which the adjunct faculty member is qualified to teach. Each semester an adjunct faculty member may submit to the appropriate Xxxx a written request, on a form provided by the College, which shall indicate his/her willingness and availability to act as a substitute teacher and a reliable means by which to contact the adjunct faculty member on short notice. An adjunct faculty member who is selected to substitute teach shall be paid in accordance with Article 8.4.

  • Substitute Pay When a faculty member is absent and a paid substitute is approved by the area administrator, the substitute will be paid at the appropriate LHE rate.

  • Qualified Transferee Any Transfer of a Partnership Interest shall be made only to a single Qualified Transferee; provided, however, that, for such purposes, all Qualified Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its Affiliates, shall be considered together to be a single Qualified Transferee; and provided, further, that each Transfer meeting the minimum Transfer restriction of Section 11.3.A(4) hereof may be to a separate Qualified Transferee.

  • Admission of Substitute Limited Partner (a) Subject to the other provisions of this Article 9, an assignee of the Limited Partnership Interest of a Limited Partner (which shall be understood to include any purchaser, transferee, donee, or other recipient of any disposition of such Limited Partnership Interest) shall be deemed admitted as a Limited Partner of the Partnership only with the consent of the General Partner and upon the satisfactory completion of the following:

Time is Money Join Law Insider Premium to draft better contracts faster.