New Project Assets definition

New Project Assets collectively the movable and immovable assets required to be obtained by the Private Party for purposes of the Project, but excluding the Institution Assets and cash, and including the SANParks Thesens Island Restaurant, the KOC Fixtures, any books and records, any spare parts and tools, and the Intellectual Property, or if the context is appropriate, any one of the New project assets;
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New Project Assets collectively the movable and immovable assets required to be obtained by the Private Party for purposes of the Project, but excluding the Institution Assets and cash, and including any books and records, any spare parts and tools, and the Intellectual Property, or if the context is appropriate, any one of the New project assets;
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New Project Assets. The movable assets, other than the Sale Assets and any replacement assets as per Clause 18.7.3, acquired by the Private Party to operate the Skukuza Airport as the relevant category airport;
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Examples of New Project Assets in a sentence

  • In the event that it shall be impractical for the Private Party to return any such Sale Assets or New Project Assets, the Private Party shall compensate SANParks in respect thereof at the market value of such Sale Assets or New Project Assets agreed by the Parties, or, in the absence of such agreement, determined by an independent valuator.

  • On termination of this PPP Agreement as a result of SANParks Default, SANParks shall pay the Private Party an amount equal to the book value of the Sale Assets and New Project Assets, set out in the annual audited books of account of the Private Party on the date of such termination.

  • The market value of the Sale Assets and the New Project Assets shall be determined by a panel of 3 (three) evaluators, one to be appointed by each of the parties and a third independent evaluator, by the first two appointed evaluators.

  • The Private Party shall not, other than as provided for in Clause 18, in respect of the market value of the Sale Assets and New Project Assets, be entitled to payment of any compensation in connection therewith.

  • On termination of this PPP Agreement in accordance with this Clause 26, SANParks shall pay the Private Party an amount equal to the book value of the Sale Assets and the New Project Assets, set out in the annual audited books of account of the Private Party on the date of such termination.

  • While not shown in this Turnover Plan, the Concessionaire is also responsible for all operations and maintenance of the New Project Assets and Existing Project Assets pursuant to the Comprehensive Agreement.

Related to New Project Assets

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Subject Assets is defined in Section 2.2(c).

  • Redevelopment project means a specific construction project