PPP Agreement definition

PPP Agreement means a written contract recording the terms of a PPP concluded between an institution and a private party;
PPP Agreement this public private partnership agreement between SANParks and the Private Party, including the Schedules and any annexures hereto as amended, extended, replaced and varied from time to time; 2.1.60 “PPP Fee” - the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 19; 2.1.61 “PPP Rights” - the right to design, operate, maintain, and manage the Business as more specifically set out in Clause 5; 2.1.62 “Private Party” - , registration number , a profit private company registered in accordance with the company laws of South Africa; 2.1.63 “Private Party Default” - has the meaning ascribed to it in Clause 28; 2.1.64 “Private Party Parties” - the officers, directors, staff, employees, contractors, sub- contractors, agents, guests, visitors, invitees and patrons of the Private Party or, where the context requires, any one or more of them; 2.1.65 “Project” - shall have the meaning assigned to that term in clause 1.2 above; 2.1.66 “Project Assets” - all assets required to undertake the Project, including the Business Assets and the Capital Investment Assets, any books and records, any spare parts and tools, as well as the Intellectual Property pertaining to the Business, but excluding all cash and cash equivalents; 2.1.67 “Project Deliverables” - the timeous achievement of the Operation Commencement Date; successful implementation of the Project, including the achievement of the BEE Obligations; 2.1.68 “Project Insurance” - those insurances that the Private Party is required by Law and in terms of this PPP Agreement to purchase and maintain in terms of Clause 23, upon the minimum terms set out in Schedule 10; 2.1.69 “Project Term” - the period from the Signature Date to the Expiry Date or the Termination Date, whichever occurs first; 2.1.70 “Project Year” - each period of twelve (12) consecutive months, commencing on the Operation Commencement Date and thereafter commencing on every anniversary of the Operation Commencement Date; 2.1.71 “Protected Area” - Kruger National Park;

Examples of PPP Agreement in a sentence

  • The Private Party shall ensure that it does not make any unauthorised contact with any SANParks Employees other than as contemplated in this PPP Agreement.

  • Failure to do so may result in termination of this PPP Agreement.

  • A draft copy of the PPP Agreement needs to be signed and submitted as part of the bid.

  • If the relevant matter or circumstance has not been remedied or rectified within thirty (30) Business Days of such notice, the Private Party may serve a further notice on SANParks terminating this PPP Agreement with immediate effect.

  • The Private Party warrants that in entering into this PPP Agreement it has not committed any Corrupt Act.


More Definitions of PPP Agreement

PPP Agreement this public private partnership agreement between SANParks and the Private Party, including the Schedules and any annexures hereto as amended, extended, replaced and varied from time to time; 2.1.60 “PPP Fee” - the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 19; 2.1.61 “PPP Rights” - the right to design, operate, maintain, and manage the Business as more specifically set out in Clause 5; 2.1.62 “Private Party” - , registration number, a profit private company registered in accordance with the company laws of South Africa; 2.1.63 “Private Party Default” - has the meaning ascribed to it in Clause 27; 2.1.64 “Private Party Parties” - the officers, directors, staff, employees, contractors, sub- contractors, agents, guests, visitors, invitees and patrons of the Private Party or, where the context requires, any one or more of them; 2.1.65 “Project” - shall have the meaning assigned to that term in clause 1.2 above; 2.1.66 “Project Assets” - all assets required to undertake the Project, including the Business Assets and the Capital Investment Assets, any books and records, any spare parts and tools, as well as the Intellectual Property pertaining to the Business, but excluding all cash and cash equivalents;
PPP Agreement means the written public-private partnership agreement that will be executed for the purposes of implementation of the PPP Project by and between the Public Partner and the Winner of the Tender or the Commercial Entity of the Winner of the Tender.
PPP Agreement means a written contract defining terms of the public private partnership agreement concluded between a contracting authority and one or more private parties;
PPP Agreement means an agreement contemplated in Treasury Regulation 16.1 between the institution and a private party;
PPP Agreement means a contractual arrangement of any one of the types described in Schedule II, which is made between a Government Agency and a private party;
PPP Agreement means a written contract recording the terms of a PPP concluded between an auditee and a private party.
PPP Agreement means this public private partnership agreement between the Parties, being a public private partnership agreement as contemplated in Section 120 and the PPP Regulations of the MFMA;