Common use of EFFECT OF EXPIRY OR TERMINATION Clause in Contracts

EFFECT OF EXPIRY OR TERMINATION. 29.1 On the expiry or termination of this PPP Agreement and/or the Project Term for whatever reason and without prejudice to any rights of the Parties hereto (subject as herein provided): 29.1.1 this PPP Agreement (other than this Clause 29 and Clauses 30, 33, 34, 35, 36, 38 and 39 shall cease to have effect, subject to all rights and obligations of the Parties existing prior to such termination; 29.1.2 such rights as the Private Party may have over the Restaurant Facility, the Project Assets and all other immovable property thereon shall terminate; 29.1.3 the Private Party shall deliver all documentation relating to the Restaurant Facility to SANParks. 29.2 Upon termination of this PPP Agreement, SANParks shall have the right to: 29.2.1 enter and take immediate control of the Restaurant Facility; or 29.2.2 select and substitute a new entity to take over the operation of the Restaurant Facility.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

EFFECT OF EXPIRY OR TERMINATION. 29.1 On the expiry or termination of this PPP Agreement and/or the Project Term for whatever reason and without prejudice to any rights of the Parties hereto (subject as herein provided): 29.1.1 this PPP Agreement (other than this Clause 29 and Clauses 30, 33, 34, 35, 36, 38 and 39 shall cease to have effect, subject to all rights and obligations of the Parties existing prior to such termination; 29.1.2 such rights as the Private Party may have over the Restaurant Facilityand Retail Facilities, the Project Assets and all other immovable property thereon shall terminate; 29.1.3 the Private Party shall deliver all documentation relating to the Restaurant and Retail Facility to SANParks. 29.2 Upon termination of this PPP Agreement, SANParks shall have the right to: 29.2.1 enter and take immediate control of the Restaurant Facilityand Retail Facilities; or 29.2.2 select and substitute a new entity to take over the operation of the Restaurant Facilityand Retail Facilities.

Appears in 2 contracts

Samples: Public Private Partnership Agreement, Public Private Partnership Agreement

AutoNDA by SimpleDocs

EFFECT OF EXPIRY OR TERMINATION. 29.1 On the expiry or termination of this PPP Agreement and/or the Project Term for whatever reason and without prejudice to any rights of the Parties hereto (subject as herein provided): 29.1.1 this PPP Agreement (other than this Clause 29 and Clauses 30, 33, 34, 35, 36, 38 and 39 shall cease to have effect, subject to all rights and obligations of the Parties existing prior to such termination; 29.1.2 such rights as the Private Party may have over the Restaurant FacilityFacilities, the Project Assets and all other immovable property thereon shall terminate; 29.1.3 the Private Party shall deliver all documentation relating to the Restaurant Facility to SANParks. 29.2 Upon termination of this PPP Agreement, SANParks shall have the right to: 29.2.1 enter and take immediate control of the Restaurant FacilityFacilities; or 29.2.2 select and substitute a new entity to take over the operation of the Restaurant FacilityFacilities.

Appears in 1 contract

Samples: Public Private Partnership Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!