PPP Fee definition

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.

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PPP Fee the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 15;

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];

Examples of PPP Fee in a sentence

• The Performance Bond may also be called upon for any delay in the payment of sums due to SANParks in respect of PPP Fee payments.

• The Minimum PPP Fee shall be paid monthly in advance [on the [x] Business Day of the month preceding the month in respect of which that Minimum PPP Fee is being paid].

• The Variable PPP Fee shall be paid within 30 Business Days of the end of each Project Year.

• The Performance Bond may also be called upon for any delay in the payment of sums due to SANParks in respect of PPP Fee Payments.

• Within 30 Business Days of the delivery of the Private Party's financial statements in terms of clause 14.1 in respect of each Project Year, the Parties shall together reconcile the amount of the Variable PPP Fee already paid with the amount of the Variable PPP Fee that said financial statements show ought to have be paid in respect of the relevant Project Year.

• If this figure is higher than the Minimum PPP Fee, it shall be the total amount payable under this Clause Error! Reference source not found.

• With effect from the Scheduled Operation Commencement Date and for the duration of the Project Term, the Private Party shall pay to the Institution the PPP Fee, which will be higher of: the amount of R[insert amount] (indexed to CPIX), which amount shall be called the "Minimum PPP Fee"; and [x]% of the Gross Revenue earned in respect of the relevant Project Year, which amount shall be called the "Variable PPP Fee".

• With effect from the Operation Commencement Date and for the duration of the Project Term, the Private Party shall pay to the Institution the PPP Fee, which will be higher of: the amount of R[insert amount] (indexed to CPIX), which amount shall be called the "Minimum PPP Fee"; and [x]% of the Gross Revenue earned in respect of the relevant Project Year, which amount shall be called the "Variable PPP Fee".

• Irrespective of which of these elements determines the final amount payable in any given month, the PPP Fee payment will be the higher of the Minimum PPP Fee or the Variable PPP Fee for the ▇▇▇▇ Braai Product and shall be payable by the Private Party to SANParks within 7 (seven) Business Days following the end of each month, free of deduction or set-off, to SANParks.

• Irrespective of which of these elements determines the final amount payable in any given month, the PPP Fee payment will be the higher of the Minimum PPP Fee or the Variable PPP Fee in each for the Restaurant and Retail facilities listed in Schedule 6 and shall accrue and be payable by the Private Party to SANParks within 7 (seven) Business Days following the end of each month, free of deduction or set-off, to SANParks.

More Definitions of PPP Fee

PPP Fee. The fee payable by the Concessionaire to iSimangaliso in respect of the Project, as detailed in Clause 16;

PPP Fee the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 16; 2.1.46 “PPP Rights” - the right to design, operate, maintain, and manage a Business at the KNP Fleet Workshops pursuant to this PPP Agreement for the purposes of the Project; 2.1.47 “PPP” - public private partnership, as defined in the Treasury Regulations promulgated under the Public Finance Management Act, 1999; 2.1.48 “Private Party Default” - has the meaning ascribed to it in Clause 24; 2.1.49 “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.

PPP Fee the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 19; 2.1.59 “PPP Rights” - the right to design, operate, maintain, and manage the Business as more specifically set out in Clause 5; 2.1.60 “Private Party” - , registration number, a profit private company registered in accordance with the company laws of South Africa; 2.1.61 “Private Party Default” - has the meaning ascribed to it in Clause 27; 2.1.62 “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; 2.1.63 “Project” - shall have the meaning assigned to that term in clause 1.2 above; 2.1.64 “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 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;