Termination Amount on Private Party Default Sample Clauses

Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination.
Termination Amount on Private Party Default. 23.4.1 On termination of this PPP Agreement as a result of Private Party Default, SANParks shall not be liable for any payments to the Private Party;
Termination Amount on Private Party Default. 24.4.1 On termination of this PPP Agreement as a result of Private Party Default and in the event that SANParks exercises it’s rights under Clause 18.7, the following amounts shall be deducted from the market value of the Sale Assets and New Project Assets payable in terms of Clause 18.7:

Related to Termination Amount on Private Party Default

  • Termination Events The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any event specified below constitutes an Illegality if the event is specified in (i) below, a Tax Event if the event is specified in (ii) below or a Tax Event Upon Merger if the event is specified in (iii) below, and, if specified to be applicable, a Credit Event Upon Merger if the event is specified pursuant to (iv) below or an Additional Termination Event if the event is specified pursuant to (v) below:—

  • Termination by Default If the Bank is in default (as defined in Section 3(x)(1) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(x)(1)), all obligations under this Agreement shall terminate as of the date of default, but vested rights of the parties shall not be affected.