Common use of Automatic Buy-Back Clause in Contracts

Automatic Buy-Back. 18.3.1 SANParks shall, subject to the provisions of Clause 25.3 and Clause 26 at the termination of this agreement for whatever reason, be entitled to re-purchase the Restaurant Business including the Sale Assets and the Capital Investment Assets. 18.3.2 The amount payable by SANParks under Clause 18.3.1 shall accrue interest at the rate specified in Clause 29.3.3 from the date of termination to the due date for payment as specified in Clause 29.3.

Appears in 4 contracts

Samples: Public Private Partnership Agreement, Public Private Partnership Agreement, Public Private Partnership Agreement

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Automatic Buy-Back. 18.3.1 SANParks shall, subject to the provisions of Clause 25.3 and Clause 26 at the termination of this agreement for whatever reason, be entitled to re-purchase the Restaurant The Business including the Sale Assets and the Capital Investment Assets. 18.3.2 The amount payable by SANParks under Clause 18.3.1 shall accrue interest at the rate specified in Clause 29.3.3 from the date of termination to the due date for payment as specified in Clause 29.3.

Appears in 2 contracts

Samples: Public Private Partnership Agreement, Public Private Partnership Agreement

Automatic Buy-Back. 18.3.1 SANParks shall, subject to the provisions of Clause 25.3 and Clause 26 at the termination of this agreement PPP Agreement for whatever reason, be entitled but not obliged to re-purchase the Restaurant Business including the Sale Assets and the Capital Investment Assets. 18.3.2 The amount payable by SANParks under Clause 18.3.1 shall accrue interest at the rate specified in Clause 29.3.3 from the date of termination to the due date for payment as specified in Clause 29.3.

Appears in 1 contract

Samples: Public Private Partnership Agreement

Automatic Buy-Back. 18.3.1 16.2.1 SANParks shall, subject to the provisions of Clause 25.3 23.3 and Clause 26 24 at the termination of this agreement for whatever reason, be entitled to re-purchase the Restaurant Business including the Sale Assets and the Capital Investment Assets. 18.3.2 16.2.2 The amount payable by SANParks under Clause 18.3.1 16.2.1 shall accrue interest at the rate specified in Clause 29.3.3 27.3.3 from the date of termination to the due date for payment as specified in Clause 29.327.3.

Appears in 1 contract

Samples: Public Private Partnership Agreement

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Automatic Buy-Back. 18.3.1 SANParks shall, subject to the provisions of Clause 25.3 and Clause 26 at the termination of this agreement for whatever reason, be entitled to re-purchase the Restaurant Business including the Sale Assets and the Capital Investment Assets. 18.3.2 The amount payable by SANParks under Clause 18.3.1 shall accrue interest at the rate specified in Clause 29.3.3 from the date of termination to the due date for payment as specified in Clause 29.3.

Appears in 1 contract

Samples: Public Private Partnership Agreement

Automatic Buy-Back. 18.3.1 SANParks shall, subject to the provisions of Clause 25.3 and Clause 26 at the termination of this agreement for whatever reason, be entitled but not obliged to re-purchase the Restaurant Business including the Sale Assets and the Capital Investment Assets. 18.3.2 The amount payable by SANParks under Clause 18.3.1 shall accrue interest at the rate specified in Clause 29.3.3 28.3.3 from the date of termination to the due date for payment as specified in Clause 29.328.3.

Appears in 1 contract

Samples: Public Private Partnership Agreement

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