Common use of External BEE Verification Clause in Contracts

External BEE Verification. 45.5.1 The Private Party shall appoint a reputable external verification agency to determine the Private Party’s BEE status and a copy of such an independent verification certificate shall be provided to SANParks within 15 (fifteen days) after the end of each Project Year. 45.5.2 The BEE Verification Certificate will categorise the Private Party according to the Private Party’s contribution to BEE. 45.5.3 The Private Party shall be obliged in terms of this PPP Agreement to, at a minimum, comply with the category of a Good BEE Contributor for each Project Year. 45.5.4 In the event of default by the Private Party to comply with the provisions of the aforegoing Clauses and the Private Party default is not remedied before the expiry of the period referred to in the notice by SANParks, SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party.

External BEE Verification. 45.5.1 The Private Party shall appoint a reputable external verification agency to determine the Private Party’s Party‟s BEE status and a copy of such an independent verification certificate shall be provided to SANParks within 15 (fifteen days) after the end of each Project Year. 45.5.2 The BEE Verification Certificate will categorise the Private Party according to the Private Party’s Party‟s contribution to BEE. 45.5.3 The Private Party shall be obliged in terms of this PPP Agreement to, at a minimum, comply with the category of a Good BEE Contributor for each Project Year. 45.5.4 In the event of default by the Private Party to comply with the provisions of the aforegoing Clauses and the Private Party default is not remedied before the expiry of the period referred to in the notice by SANParks, SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party.