PPP Fee definition

PPP Fee the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 15;
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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; 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 22, 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; 2.1.72 “Protected Areas Act” - the National Environmental Management: Xxxxxxxxx Xxxxx Xxx, 0000 (Act No. 57 of 2003,) (as amended) from time to time); 2.1.73 “Rand” or “R” - the South African Rand, the lawful currency of South Africa; 2.1.74 “Regulations” - regulations issued in terms of the Protected Areas Act; 2.1.75 “Regulatory Provisions” - (a) the Environmental guidelines (“Environmental Specifications”) for operators operating within the Protected Area which is further described in Schedule 7, as same may be revised and updated by SANParks from time to time, and (b) collectively the Laws, and standards of the State and any Relevant Authority which i...
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PPP Fee the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 19; 2.1.60 “PPP Rights” - the right to design, operate, maintain, and manage the Business as more specifically set out in Clause 5;
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Examples of PPP Fee in a sentence

  • The points for the PPP Fee Offer are calculated using the prescribed price formula in the regulations to the PPPFA.

  • Each PPP Fee Offer will be inspected by SANParks’ financial and legal advisors to verify that it has been submitted in the form corresponding to the requirements.

  • A PPP Fee Offer that does not conform to the requirements may result in disqualification of the bid.

  • Bids will be evaluated on three main elements: Functionality, BEE and the PPP Fee Offer.

  • The maximum points will be awarded to the qualified bidder that makes the highest PPP Fee Offer and the remaining points being allocated pro rata to the remaining qualified Bidders.

  • Please note that PPP fee tranches is not allowed unless requested as part of the PPP Fee Offer Format.

  • The Preferential Procurement Policy Framework Act, 2001 (PPPFA) amended in 2017 will apply with an 80/20 split between the PPP Fee Offer and BEE respectively.

  • Information on the PPP Fee Offer must be contained in Envelope 2 and is not to be submitted in Envelope 1 with the functionality and BEE proposals.

  • Please note that PPP fee tranches are not allowed unless requested as part of the PPP Fee Offer Format.

  • If this figure is higher than the Minimum PPP Fee, it shall be the total amount payable by the Private Party to SANParks for the Project Year in question.


More Definitions of PPP Fee

PPP Fee the fee payable by the Private Party to the Institution in respect of the Project, as detailed in clause 17; "the Private Party" - [insert name, registration number and description of the Private Party];
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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;
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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” - SPV Proprietary Limited, 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;
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PPP Fee the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 16; 2.1.45 “PPP Rights” - the right to design, operate, maintain, and manage a Business at the Selati Precinct Facility pursuant to this PPP Agreement for the purposes of the Project; 2.1.46 “PPP” - public private partnership, as defined in the Treasury Regulations promulgated under the Public Finance Management Act, 1999; 2.1.47 “Private Party Default” - has the meaning ascribed to it in Clause 24; 2.1.48 “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; 2.1.49 “Private Party” - the counterparty to SANParks hereunder, specifically , Company Registration Number , a limited liability company registered according to the company laws of South Africa; 2.1.50 “Project Assets” - all assets required to design, construct, develop, install, commission, operate and/or maintain the Project, including the Selati Precinct Facility , the Sale Assets, 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;
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PPP Fee the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 16; 2.1.47 “PPP Rights” - the right to design, operate, maintain, and manage a Business at the Picnic Site Facility pursuant to this PPP Agreement for the purposes of the Project; 2.1.48 “PPP” - public private partnership, as defined in the Treasury Regulations promulgated under the Public Finance Management Act, 1999; 2.1.49 “Private Party Default” - has the meaning ascribed to it in Clause 24; 2.1.50 “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; 2.1.51 “Private Party” - the counterparty to SANParks hereunder, specifically XXX <NAME AND REGISTRATION NUMBER OF COMPANY> , a limited liability company registered according to the company laws of South Africa; 2.1.52 “Project Assets” - all assets required to design, construct, develop, install, commission, operate and/or maintain the Project, including the Picnic Site Facility, the Sale Assets, 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; 2.1.53 “Project Deliverables” - the meeting of the BEE Obligations, the design, installation, commissioning, operation, maintenance, and management of the Project Assets and Picnic Site Facility, including the repair, renewal or replacement thereof; the management and undertaking of the Project including the execution of the PPP Rights; and the exercise and performance of all other rights and obligations of the Private Party under this PPP Agreement and the Schedules from time to time including the preparation, delivery of food and offering of a retail service (excluding the sale of liquor) to the satisfaction of the Protected Area’s visitors and such satisfaction shall exceed ratings of at least seventy-five percent (75%) as measured by SANParks’ Customer Survey Monitoring Systems as outlined in Schedule 3 and Clause 43.10; 2.1.54 “Project Insurance” - those insurances that the Private Party is required by Law and this PPP Agreement to purchase and maintain in terms of Clause 19 a copy of which is attached as Schedule 11; 2.1.55 “Project Term” - the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which ...
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PPP Fee the fee payable by the Lessee to SANParks in respect of the Project, as detailed in Clause 15; 1.1.38 “PPP Rights” - the right to conduct and manage the Houseboats at Kraalbaai pursuant to this PPP Agreement for the purposes of the Project; 1.1.39 “Project Insurance” - those insurances that the Lessee is required by Law and this PPP Agreement to purchase and maintain in terms of Clause 16 a copy of which is attached as Annexure 8; 1.1.40 “Project Term” - the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;
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Related to PPP Fee

  • L/C Fee has the meaning specified in Section 2.03(i).

  • Hookup fee means a fee for the installation and inspection of any pipe, line,

  • Distribution Fee means a percentage of MRP of each of the Subscribed Channels payable by SDSPL to the Licensee towards fee for distribution of each of the Subscribed Channels as more specifically specified in Annexure B and Annexure B-1 of this Agreement.

  • Target fee, as used in this contract, means the fee initially negotiated on the assumption that this contract would be performed for a cost equal to the estimated cost initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Tuition Fee means the basic tuition fee applicable to specific programmes and shall include auxiliary fees which are for required instruction but shall exclude any other fees such as international student differential fees, co-op fees, and student union fees.

  • Initiation fee means a fee charged by us to you in order to create a credit facility for you;

  • Closing Fee has the meaning set forth in Section 2.09(c).

  • Annual Fee has the meaning stated in Section 4.02(a).

  • Transaction Fee means the fee, in respect of a Sub-Fund, which may be charged for the benefit of the Trustee, the Registrar and/or the Service Agent or the Conversion Agent (as the case may be) to each Participating Dealer on each Dealing Day upon which an Application has been or Applications have been made by the relevant Participating Dealer.

  • Membership Fee means the membership fee which the Core Member (or, in case of juvenile, through his or her legal parent or legal guardian) shall remit to the Company for enrollment of the Membership, which is to be discussed more particularly in detail under Clause 5.1.

  • Program Fee As defined in the Fee Letter.

  • Structuring Fee has the meaning set forth in the Fee Letter.

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Arrangement Fee has the meaning specified in Section 2.05(a).

  • Break-Up Fee has the meaning set forth in Section 8.2(b)

  • Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.

  • Utilization Fee has the meaning assigned to such term in Section 2.11(b).

  • Monthly Fee has the meaning stated in Section 4.3(a).

  • Origination Fee means any origination fee payable to the Department by the lender with respect to any Trust Student Loan.

  • Liquidation Fee With respect to each Specially Serviced Loan as to which the Special Servicer receives a full or discounted pay-off (or unscheduled partial payment to the extent such prepayment is required by the Special Servicer as a condition to a workout or results from the Special Servicer’s collection and enforcement efforts) from the related Mortgagor, except as otherwise described below, with respect to any Mortgage Loan (or Serviced Whole Loan) repurchased or substituted as contemplated by Section 2.03 of this Agreement and/or any Specially Serviced Loan or any REO Property as to which the Special Servicer receives Liquidation Proceeds, Insurance Proceeds or Condemnation Proceeds, an amount calculated by the application of the applicable Liquidation Fee Rate to the related payment or proceeds (exclusive of any portion of such pay-off or proceeds that represents Penalty Charges); provided that, except as contemplated by the following provisos, no Liquidation Fee will be less than $25,000; provided, further, that the Liquidation Fee (which, if payable, shall, prior to the reduction in accordance with this proviso, be at least $25,000) with respect to any related Specially Serviced Loan or REO Property shall be reduced by the amount of any Excess Modification Fees paid by or on behalf of the related Mortgagor with respect to the Specially Serviced Loan or REO Property as described in the definition of “Excess Modification Fees” in this Agreement, but only to the extent those fees have not previously been deducted from a Workout Fee or Liquidation Fee; provided, further, that (a) the Liquidation Fee shall be zero with respect to any Mortgage Loan or Serviced Whole Loan or any Mortgaged Property purchased or repurchased pursuant to clauses (iii) through (v) of the first sentence of the definition of Liquidation Event (unless with respect to (A) clause (iii), the applicable Mortgage Loan Seller does not repurchase or substitute for such Mortgage Loan until after more than 180 days following its receipt of notice or discovery of a Material Breach or Material Document Defect, and (B) clause (v), the mezzanine loan holder or the Subordinate Companion Loan Holder does not purchase such Mortgage Loan or Serviced Whole Loan within 90 days of when the first purchase option first becomes exercisable under the related intercreditor agreement or Co-Lender Agreement, as applicable) or pursuant to clauses (ii) or (iv) of the second sentence of such definition (unless with respect to clause (iv), the mezzanine loan holder does not purchase such REO Property within 90 days of when the first purchase option first becomes exercisable) and (b) the Liquidation Fee with respect to each Mortgage Loan or REO Mortgage Loan repurchased or substituted for after more than 180 days following the Mortgage Loan Seller’s receipt of notice or discovery of a Material Breach or Material Document Defect shall be in an amount equal to the Liquidation Fee Rate of the outstanding principal balance of such Mortgage Loan or REO Mortgage Loan; provided, further, that if a Mortgage Loan or Serviced Whole Loan becomes a Specially Serviced Loan only because of an event described in clause (a)(ii) of the definition of “Specially Serviced Loan” regarding the related Mortgagor’s failure to make a Balloon Payment and the related Liquidation Proceeds are received within 90 days following the related maturity date in connection with the full and final pay-off of the related Mortgage Loan or Serviced Whole Loan, the Special Servicer will not be entitled to collect a Liquidation Fee, but may collect and retain appropriate fees from the related Mortgagor in connection with such liquidation.

  • Permit Fee means a fee in an amount established by the SFMTA Board, required to be paid by a permit applicant for permit issuance or renewal, including any late payment penalties or interest for failure to pay in accordance with the requirements of this Article and any other regulations adopted by the SFMTA Board.

  • Contract Fee means the lump sum rates as outlined in Schedule ‘B’ – Quote Form.

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Processing Fee means in relation to a Transaction Summary delivered:

  • LPMI Fee With respect to each LPMI Loan, the portion of the Mortgage Interest Rate as set forth on the related Mortgage Loan Schedule (which shall be payable solely from the interest portion of Monthly Payments, Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds), which, during such period prior to the required cancellation of the LPMI Policy, shall be used to pay the premium due on the related LPMI Policy.

  • referral fee means any form of compensation, direct or indirect, paid for the referral of a client to or from a registrant.