Project Term definition

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;

Project Term. The term of this Agreement as defined in Section 2.1 hereof.

Project Term means a period of [insert the number of months for the contract period] months from Effective Date;

Examples of Project Term in a sentence

• For the duration of the Project Term, the Private Party shall procure that there is no Change in Control in the Private Party (or in any company of which the Private Party is a subsidiary) without the prior written approval of SANParks, which approval shall not be unreasonably withheld, provided that no Change in Control may breach the provisions of Schedule 5 in any way.

• This Agreement, and the rights and obligations of the parties, shall commence on the date of execution of this Agreement and, without prejudice to Clause 47.6, shall terminate automatically on the expiry of the Project Term.

• No invoices will be accepted nor paid if received more than 90 days after the expiration of the Project Term.

• The Contractor shall be responsible to obtain all applicable permits and regulatory approvals that may be required in order to develop and/or operate the Project during the Project Term.

• The Project shall commence on the Signature Date, and shall endure for the Project Term.

More Definitions of Project Term

Project Term means the period from the Signature Date to the Expiry Date or the Termination Date, whichever occurs first;

Project Term means the period referred to in clause 15.

Project Term means the period commencing at [midnight] on the date of this Agreement and ending on the earlier of the Expiry Date and the Termination Date;

Project Term shall have the meaning set forth in Section 3.1 of this Agreement. “Property” shall mean any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

Project Term the period specified in Clause 2.2;

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 in any way affects or applies to the conduct of the Project and/or this PPP Agreement from time to time or, if the context is appropriate, any one of them and where appropriate includes the Regulations, Park Rules and Park Management Plan; 2.1.76 “Residual Value” - the depreciated value of the immovable structures (approved by SANParks) built by the Private Party from the date such structures were first accounted for in the Private Parties books until the Termination Date, as the case may be. Depreciation shall be calculated in accordance with depreciation presented for income tax purposes; 2.1.77 “Responsible Authority” - the South African national and/or provincial and/or local governmental authority having jurisdiction over any or all of the Parties or any subject matter of this PPP Agreement. A Responsible Authority shall, for the avoidance of doubt, not include any provider of Utilities; 2.1.78 “Restricted Enterprise” - a person restricted from contracting with SANParks and/or a Responsible Authority as a result of being listed either on - (i) the Register for Tender Defaulters compiled in terms of the regulations to the Prevention and Combating of Corrupt Activities Act, 2004; (ii) the Disqualified Directors’ Register (maintained by the Companies and Intellectual Property Commission) in terms of Section 69(13) of the Companies Act; and/or (iii) any other relevant listing required by Law;

Project Term means the period from the date of Financial Close to the date of Project Termination.