Variable PPP Fee definition

Variable PPP Fee that portion of the PPP Fee that is a percentage of the Gross Revenue of the Private Party, which percentage is detailed in Clause 19 and Schedule 6; 2.1.99 “VAT” - value added tax, as defined in the VAT Act or any similar tax which is imposed in place of or in addition to such tax; and 2.1.100 “VAT Act” - Value Added Tax Act, No. 89 of 1991, as amended form time to time.
View Source
Variable PPP Fee that portion of the PPP Fee that is a percentage of the Gross Revenue of the Private Party, which percentage is detailed in Clause 16 and Schedule 6;
View Source
Variable PPP Fee has the meaning described in Clause 8.2.
View Source

Examples of Variable PPP Fee in a sentence

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

  • 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.

  • 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".

  • Within 30 Business Days of the delivery of the Private Party's financial statements in terms of clause 12.2 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.

  • The difference between the Variable PPP Fee thus determined and the aggregate of amounts already paid as Minimum PPP Fee, will be payable within 7 (seven) Business Days following the calculation.

  • 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 for the Restaurant Facility 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.

  • 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.

  • 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 Phabeni Education Centre 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.


More Definitions of Variable PPP Fee

Variable PPP Fee means, in respect of the Project Year in question, the bidded percentage of actual Gross Revenue for that Project Year indicated in Annexure X;
View Source
Variable PPP Fee that portion of the PPP Fee that is a percentage of the Gross Revenue of the Lessee, which percentage is detailed in Clause 15;
View Source

Related to Variable PPP Fee

  • Variable Charge means the charge that varies according to kgtm and is calculated in accordance with the formula set out in paragraph 2.2.1, summed across all Services;

  • Variable Return means a percentage calculated as follows:

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Variable Costs means the Train Operator’s costs which vary as a result of a Category 3 Disruption, a Relevant Cancellation or a Relevant Service Variation (as the case may be) arising directly from changes in train mileage including staff, maintenance, fuel or electricity costs, and the Variable Charge.

  • Variable Rate means a per annum rate of interest, equal to LIBOR plus 1.68%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.