Termination by Notice. Prior to the expiry of the Project Term, SANParks may, subject to Clause 28, on written notice of not less that 6 (six) months, give the Private Party notice of termination of this PPP Agreement, in which event this PPP Agreement shall terminate. On termination of this PPP Agreement in accordance with this Clause 26, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination but also pay the Private Party the depreciated value for any capital investments made.
Appears in 5 contracts
Samples: PPP Agreement, PPP Agreement, Restaurant and Retail Facilities PPP Agreement
Termination by Notice. Prior to the expiry of the Project Term, SANParks may, subject to Clause 28, on written notice of not less that 6 (six) months, give the Private Party notice of termination of this PPP Agreement, in which event this PPP Agreement shall terminate. On termination of this PPP Agreement in accordance with this Clause 26, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination but also pay the Private Party the depreciated value for any capital investments made. .
Appears in 3 contracts
Samples: Restaurant Facility PPP Agreement, www.sanparks.org, www.sanparks.org
Termination by Notice. Prior to the expiry of the Project Term, SANParks may, subject to Clause 28, on written notice of not less that 6 (six) months, give the Private Party notice of termination of this PPP Agreement, in which event this PPP Agreement shall terminate. On termination of this PPP Agreement in accordance with this Clause 26, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination but also pay the Private Party the depreciated value for any capital investments mademade as well as the residual value of the staff houses that was built by the Private Party after the operation commencement date.
Appears in 2 contracts
Samples: PPP Agreement, Public Private Partnership Agreement
Termination by Notice. Prior to the expiry of the Project Term, SANParks may, subject to Clause 2827, on written notice of not less that 6 (six) months, give the Private Party notice of termination of this PPP Agreement, in which event this PPP Agreement shall terminate. On termination of this PPP Agreement in accordance with this Clause 2625, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination but also pay the Private Party the depreciated value for any capital investments mademade after the operation commencement date.
Appears in 2 contracts
Samples: Phabeni Gate Bush Braai PPP Agreement, Crocodile Bridge Bush Braai PPP Agreement
Termination by Notice. Prior to the expiry of the Project Term, SANParks may, subject to Clause 28, on written notice of not less that 6 (six) months, give the Private Party notice of termination of this PPP Agreement, in which event this PPP Agreement shall terminate. On termination of this PPP Agreement in accordance with this Clause 2624, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination but also pay the Private Party the depreciated value for any capital investments made.
Appears in 1 contract
Samples: Public Private Partnership Agreement
