Pamdev division definition

Pamdev division means the property asset management division of TELKOM, being the division of TELKOM responsible for the functionsand conducting the business more fully described in Annexure B2 tothe sale of business agreement;3. 24. "prime rate" means the rate publicly quoted by Nedbank, a division of Nedcor Bank Limited ("Nedbank") from time to time as being its primerate (expressed as a nominal annual compounded monthly in arrearrate), calculated on a 365 day factor, irrespective as to whether or notthe year is a leap year and prima facie proven by certificate by anymanager or director of Nedbank (whose qualification or authority need not be proven);3. 25. "Rebserve" means Rebserve Limited, RegistrationNo. 1999/003610/06, a company incorporated in accordance with thelaws of the RSA; Page 63. 26. "RSA" means the Republic of South Africa;3. 27. "sale of business agreement" means the sale of business agreemententered into or about to be entered into between TELKOM and TFMCin terms of which TELKOM sold or will sell, the businesses of its FIO division and Pamdev division to TFMC.3. 28. "the services" means those services described in Annexure B;3.
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