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.
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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;
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Variable PPP Fee has the meaning described in Clause 8.2.
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Examples of Variable PPP Fee in a sentence

  • The difference between the Variable PPP Fee thus determined and the aggregate of amounts already paid under the Minimum PPP Fee, will be payable 60 (sixty) Business Days after the end of the Project Year in question.

  • For indicative purposes only, our projection of fees payable to SANParks is: Year 1Year 2Year 3Year 4Year 5Year 6Year 7*Gross revenue (net of VAT) Percentage of gross revenue due as Variable PPP Fee (same for each year) PPP fee dueMinimum PPP fee or Variable PPP Fee, whichever is greater * Adapt for the 10-year term of the PPP.

  • The Variable PPP Fee, shall be calculated by the Private Party for the Project Year in question on the basis of the Private Party’s unaudited accounts within 30 (thirty) Business Days of the end of the Project Year.

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

  • The difference between the Variable PPP Fee thus determined and the aggregate of amounts already paid under the Minimum PPP Fee, will be payable 120 (one hundred and twenty) Business Days after the end of the Project Year in question.

  • 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".

  • For indicative purposes only, our projection of fees payable to SANParks is: Year 1Year 2Year 3Year 4Year 5Year 6Year 7*Gross revenue (net of VAT) Percentage of gross revenue due as Variable PPP Fee (same for each year) PPP fee dueMinimum PPP fee or Variable PPP Fee, whichever is greater * Adapt for the 20-year term of the PPP.

  • 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.

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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;
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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 1.48%, as determined on the LIBOR Determination Date preceding each Interest Payment Date, reset quarterly, commencing upon expiration of the Fixed Rate Period.

  • Variable Account means the account established for a member who participates in the

  • variable means a quantitative or qualitative representation of a property characteristic used in a valuation model

  • Remarketing Fee has the meaning specified in Section 5.4(b)(i).

  • Variable Rate Indebtedness means any portion of indebtedness or other payment obligations, the interest rate on which is not established at the time of incurrence and has not at some subsequent date been established at a single numerical rate for the entire term thereof.

  • Variable Annuity An Annuity with payments that vary with the net investment results of one or more Funds under the Separate Account.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Variable Rate Transaction shall have the meaning ascribed to such term in Section 4.12(b).

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

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

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

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

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.

  • Monitoring Fee means the fees payable to the Lender pursuant to Section 2.03(b) below.

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

  • Additional Fee means a fee, in addition to the licence fee, imposed by the municipality on a business at any time during the term of the licence for costs incurred by the municipality attributable to the activities of the business;

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

  • Annual Fees means the annual fees determined by the Council in terms of section 27;

  • 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.

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

  • Enrolment Fee means the fee paid by the Parent(s)/Guardian(s) to cover all the administrative costs involved in enrolling a Student at the School. It is not refundable, and it is not offset against any other fees.