Committed Obligations. 14.1 The Parties acknowledge and agree that the terms of the Committed Obligations were reviewed and, where relevant either delayed, suspended or reduced in scope or application in accordance with the EMA.
Committed Obligations. 14.1 Following execution of this Agreement, the Parties shall within thirty (30) Weekdays of the date of this Agreement meet and consider, acting reasonably and in good faith, whether the completion of Committed Obligations will be:
Committed Obligations. 1.1 The Committed Obligations with regard to the Job Creation Obligations are provided in Tables 2.1(A) and 2.1(B) below. TABLE 2.1A – Percentage of Committed Obligations with regard to Job Creation13 SUB-ELEMENT(S) COMMITTED OBLIGATIONS (JOB CREATION OBLIGATIONS) No. Description 100-SR-01 RSA Based Employees who are Citizens [80%] 000-XX-00 XXX Based Employees who are Black People [50%] 100-SR-03 Skilled Employees who are Black People [30%] 000-XX-00 XXX Based Employees who are Citizens from Local Communities [20%]
Committed Obligations. 1.1 The Committed Obligations with regard to the Local Content Obligations are provided in Table 2.2 below. TABLE 2.2 – Committed Obligations with regard to Local Content14 SUB-ELEMENT(S) COMMITTED OBLIGATIONS (LOCAL CONTENT OBLIGATIONS) No. Description 200-SR- 01 Value of Local Content Spend [18%]
Committed Obligations. 1.1 The Committed Obligations with regard to the Ownership Element Obligations are provided in Tables 2.3.1, 2.3.2 and 2.3.3 below. 15 TABLE 2.3.1 – Seller SUB-ELEMENT(S) COMMITTED OBLIGATIONS (OWNERSHIP OBLIGATIONS) No. Description 300-PC- Shareholding by Black People [30%] Exercisable Voting Rights by [30%] Black People Economic Interest by Black [30%] People 300-PC- Shareholding by Local [5%] 02 Communities Exercisable Voting Rights by [5%]16 Local Communities Economic Interest by Local [5%] Communities TABLE 2.3.2 – EPC Contractor SUB-ELEMENT(S) COMMITTED OBLIGATIONS (OWNERSHIP OBLIGATIONS) No. Description 300-CC- Shareholding by Black People [20%] Exercisable Voting Black People Rights by [20%] Economic Interest People by Black [20%] TABLE 2.3.3 – Operations Contractor 15 Drafting Note: These obligations are to be based on the Bidder’s proposal denoting the commitments made by the Bidder with regard to Ownership. The numbers in [squared brackets] will be changed to align with the Bidder’s proposal which must, at all times, comply with the requirements as stated in the RFP.
Committed Obligations. 1.1 The Committed Obligations with regard to the Management Control Obligations are provided in Table 2.4 below. TABLE 2.4 – Committed Obligations with regard to Management Control17 SUB-ELEMENT(S) COMMITTED OBLIGATIONS (MANAGEMENT CONTROL OBLIGATIONS) No. Description 400-SR- 01 Black Top Management [40%]
Committed Obligations. 1.1 The Committed Obligations with regard to Preferential Procurement Obligations are provided in Table 2.5 below. TABLE 2.5 – Committed Obligations with regard to Preferential Procurement17 SUB-ELEMENT(S) COMMITTED OBLIGATIONS (PREFERENTIAL PROCUREMENT OBLIGATIONS) No. Description 500-SR-01 B-BBEE Procurement [60.00%] 500-SR-02 QSE and EME Procurement [10.00%] 500-SR-03 Women Owned Vendor Procurement [5.00%]
Committed Obligations. 1.1 The Committed Obligations with regard to the Enterprise Development Obligations are provided in Table 2.6 below. TABLE 2.6 – Committed Obligations with regard to Enterprise Development19 SUB-ELEMENT(S) COMMITTED OBLIGATIONS (ENTERPRISE DEVELOPMENT OBLIGATIONS) No. Description 600-SR-01 Enterprise Development Contributions [0.6%] of Revenue 600-SR-02 Adjusted Enterprise Development Contributions [0.6%] of Revenue
Committed Obligations. 1.1 The Committed Obligations with regard to the Socio-Economic Development Obligations are provided in Table 2.7 below. TABLE 2.7 – Committed Obligations with regard to Socio-Economic Development20 SUB-ELEMENT(S) COMMITTED OBLIGATIONS (SOCIO-ECONOMIC DEVELOPMENT OBLIGATIONS) No. Description 700-SR-01 Socio-Economic Development Contributions [1.5%] of Revenue 700-SR-02 Adjusted Socio-Economic Development Contributions [1.5%] of Revenue
Committed Obligations. 14.1 The Parties acknowledge and agree that the terms of the Committed Obligations and the obligations of the Franchisee under Schedule 6.1 (Franchise Specific Obligations) to the Franchise Agreement were reviewed and, where relevant either delayed, suspended or reduced in scope or application in accordance with the EMA.
