Contracts with a cumulative value of at least KShs. 25 Million (Twenty- Five Million) for the last five (5) years, successfully and substantially completed. The similarity shall be based on the physical size, complexity, methods/technology or other characteristics as described in Section 2 Participation as a Sub Contractor and meeting the above Cummulative value and number of contracts shall attract a maximum of 2marks Sub-Contract arrangements may also be verified from the referenced Client Score 0-16 Marks One Project meeting the cummu lative value attracts 8Marks . Two projects meeting the cummu lative value attracts the full 16 marks Section 8, Schedule 6 Completion Certificates, Taking Over Certificates or End of Defects Liability Certificates shall be used in the verification of Completion status of the various projects presented. The Sub Contractor must provide an Official Confirmation Letter from the Main Contractor he/she worked for detailing his role, scope of works and value of works executed and a brief statement on his/her performance of the issued sub contract. The Main Contractor’s address must be explicitly indicated in the said letter.
Contracts with. AFFILIATES Any contract entered into by the Operator with either an Affiliate of the Operator or a party or an Affiliate of a Party must be approved by the Operating Committee.
Contracts with. TRUST A trustee may enter into or have any interest in any contract with the trust or any company or entity in which the trust is interested without:
26.1 being disqualified from acting as trustee;
26.2 the contract being rendered invalid or voidable in any way by virtue of the fact;
26.3 being liable to account to the trust for any profit realised on such contract, if the interest of the trustee concerned shall, prior to the conclusion of the contract, have been disclosed in writing by him to the other trustees, and the unit holders have consented to the trustee entering into or having that interest in that contract. Signed at Johannesburg on October 31, 2003 /s/ Xxxx Xxxxx For: NEWSHELF 713 (PROPRIETARY) LIMITED Name: who warrants that he is duly authorised hereto Signed at Johannesburg on October 31, 2003 /s/ Xxxx Xxxxx For: BRAIT CAPITAL PARTNERS TRUSTEES (PROPRIETARY) LIMITED Name: Who warrants that he is duly authorised hereto The loan account credited by the company to the trust as fully paid up shall:
1. rank pari passu in all respects with the A class loan accounts advanced by NUEP to the company;
2. be repayable as and when directed by the board of directors of the company in its sole and absolute discretion; provided that no capital under the loan account shall be repayable until at least 30 days have elapsed from the date upon which the loan account is credited to the trust; and provided further that the loan accounts may only be repaid when the Exchange Control Department of the South African Reserve Bank has approved the repayment of the A class loan accounts advanced by NUEP to the company;
3. bear interest at the rate of interest determined by the board of directors of the company annually in advance in its sole and absolute discretion; provided that the interest rate shall not exceed the prime rate from time to time. The interest so decided upon shall be paid as and when determined by the board;
4. be repaid in full if the company is wound up or placed under judicial management, whether provisionally or finally;
5. be repaid pro rata with the A class loan accounts by NUEP to the company;
6. be subordinated in favour of all creditors of the company (other than NUEP as holder of the A class loan accounts) if so decided upon by the board of directors of the company;
7. not be assigned, ceded, transferred or encumbered by the trust in any way except to NUEPon the occurrence of a trigger event; 8. be denominated in South African Rands.
Contracts with. Affiliates ---------------------------------------
A. The Partnership may lend or contribute funds or other assets to its Subsidiaries or other Persons in which it has an equity investment and such Persons may borrow funds from the Partnership, on terms and conditions established in the sole and absolute discretion of the General Partner. The foregoing authority shall not create any right or benefit in favor of any Subsidiary or any other Person.
B. Except as provided in Section 7.5, the Partnership may transfer assets to joint ventures, other partnerships, corporations or other business entities in which it is or thereby becomes a participant upon such terms and subject to such conditions consistent with this Agreement and applicable law as the General Partner, in its sole and absolute discretion, believes are advisable.
C. Except as expressly permitted by this Agreement, neither the General Partner nor any of its Affiliates shall sell, transfer or convey any property to, or purchase any property from, the Partnership, directly or indirectly, except pursuant to transactions that are determined by the General Partner in good faith to be fair and reasonable.
D. The General Partner, in its sole and absolute discretion and without the approval of the Limited Partners, may propose and adopt, on behalf of the Partnership, employee benefit plans, stock option plans, and similar plans funded by the Partnership for the benefit of employees of the General Partner, the Partnership, Subsidiaries of the Partnership or any Affiliate of any of them in respect of services performed, directly or indirectly, for the benefit of the Partnership, the General Partner, or any Subsidiaries of the Partnership.
E. The General Partner is expressly authorized to enter into, in the name and on behalf of the Partnership, a right of first opportunity arrangement and other conflict avoidance agreements with various Affiliates of the Partnership and the General Partner, on such terms as the General Partner, in its sole and absolute discretion, believes are advisable.
Contracts with a General Partner, Affiliates and the Limited Partner. A General Partner may, on behalf of the Partnership, enter into contracts with itself or any of its employees, agents or affiliates. A General Partner may, but is not obligated to, cause the Partnership to enter into contracts with any other Partner, and its partners, employees, agents or affiliates.
Contracts with. SUBCONTRACTORS
Contracts with. Bullet Gym – Weight Lifting
Contracts with third parties
Contracts with. Affiliates The Borrower has not entered into any written or oral contract or other agreement with its affiliates as of the execution date of this Agreement. In this Agreement, “Affiliate” refers to the natural person, company, partnership, joint venture or other entity directly or indirectly controlling or controlled by or under the common control of one party. “Control” in the definition of “Affiliate” refers to having the right to direct or form the management and system of a certain entity, whether such right is realized through holding securities bearing 50% or more of the voting right or having the contractual right to nominate and elect the members of the board of directors or otherwise.
Contracts with third parties for RTD Projects shall be subject to the rules of the hosting institution, taking into consideration the other Partners involved. A copy of the contract must be sent to the XxxxxxxX.xx Management Office.
