Common use of SANParks’ Options Clause in Contracts

SANParks’ Options. 27.2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may: 27.2.1.1 in the case of the Private Party Default referred to in Clauses 27.1.1, 27.1.2, 27.1.3, 27.1.4, 27.1.6, 27.1.7, 27.1.8, 27.1.9 and 27.1.11 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 27.2.1.2 in the case of any other Private Party Default referred to in Clauses 27.1.5, 27.1.10 and 27.1.12, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or 27.2.1.3 request that the Private Party put forward, within 10 (ten) Business Days of a notice of default, a reasonable programme for remedying the Private Party Default or to remedy the underlying cause of such Private Party Default ("Remedial Programme"). The Remedial Programme shall specify in reasonable detail the manner in and the latest date by which, such Private Party Default is proposed to be remedied. The Private Party shall only have the option of putting forward a Remedial Programme if it first notifies SANParks within 5 (five) Business Days of such notice of Private Party Default that it proposes to do so. 27.2.2 If the Private Party Default is notified to the Private Party in a notice of default in terms of Clause 27.2.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.

SANParks’ Options. 27.2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may: 27.2.1.1 in the case of the Private Party Default referred to in Clauses 27.1.1, 27.1.2, 27.1.3, 27.1.4, 27.1.6, 27.1.7, 27.1.8, 27.1.9 and 27.1.11 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 27.2.1.2 in the case of any other Private Party Default referred to in Clauses 27.1.5, 27.1.10 and 27.1.12, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or 27.2.1.3 request that the Private Party put forward, within 10 (ten) Business Days of a notice of default, a reasonable programme for remedying the Private Party Default or to remedy the underlying cause of such Private Party Default ("Remedial Programme"). The Remedial Programme shall specify in reasonable detail the manner in and the latest date by which, such Private Party Default is proposed to be remedied. The Private Party shall only have the option of putting forward a Remedial Programme if it first notifies SANParks within 5 (five) Business Days of such notice of Private Party Default that it proposes to do so. 27.2.2 If the Private Party Default is notified to the Private Party in a notice of default in terms of Clause 27.2.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.

SANParks’ Options. 27.2.1 26.3.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may: 27.2.1.1 26.3.1.1 in the case of the Private Party Default referred to in Clauses 27.1.1, 27.1.2, 27.1.3, 27.1.4, 27.1.6, 27.1.7, 27.1.8, 27.1.9 26.1.1; 26.1.2; 26.1.3; 26.1.4; 26.1.6; 26.1.7 26.1.8 26.1.9 and 27.1.11 26.1.11 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 27.2.1.2 26.3.1.2 in the case of any other Private Party Default referred to in Clauses 27.1.5, 27.1.10 26.1.5 and 27.1.1226.1.10, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or 27.2.1.3 26.3.1.3 request that the Private Party put forward, within 10 (ten) Business Days of a notice of default, a reasonable programme for remedying the Private Party Default or to remedy the underlying cause of such Private Party Default ("Remedial Programme"). The Remedial Programme shall specify in reasonable detail the manner in and the latest date by which, such Private Party Default is proposed to be remedied. The Private Party shall only have the option of putting forward a Remedial Programme if it first notifies SANParks within 5 (five) Business Days of such notice of Private Party Default that it proposes to do so. 27.2.2 26.3.2 If the Private Party Default is notified to the Private Party in a notice of default in terms of Clause 27.2.1.2 26.3.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.

SANParks’ Options. 27.2.1 26.2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may: 27.2.1.1 26.2.1.1 in the case of the Private Party Default referred to in Clauses 27.1.126.1.1, 27.1.226.1.2, 27.1.326.1.3, 27.1.426.1.4, 27.1.626.1.6, 27.1.726.1.7, 27.1.826.1.8, 27.1.9 26.1.9 and 27.1.11 26.1.11 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 27.2.1.2 26.2.1.2 in the case of any other Private Party Default referred to in Clauses 27.1.526.1.5, 27.1.10 26.1.10 and 27.1.1226.1.12, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or 27.2.1.3 26.2.1.3 request that the Private Party put forward, within 10 (ten) Business Days of a notice of default, a reasonable programme for remedying the Private Party Default or to remedy the underlying cause of such Private Party Default ("Remedial Programme"). The Remedial Programme shall specify in reasonable detail the manner in and the latest date by which, such Private Party Default is proposed to be remedied. The Private Party shall only have the option of putting forward a Remedial Programme if it first notifies SANParks within 5 (five) Business Days of such notice of Private Party Default that it proposes to do so. 27.2.2 26.2.2 If the Private Party Default is notified to the Private Party in a notice of default in terms of Clause 27.2.1.2 26.2.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.

SANParks’ Options. 27.2.1 27.3.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may: 27.2.1.1 27.3.1.1 in the case of the Private Party Default referred to in Clauses 27.1.1, ; 27.1.2, ; 27.1.3, ; 27.1.4, ; 27.1.6, ; 27.1.7, 27.1.8, 27.1.9 and 27.1.11 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 27.2.1.2 27.3.1.2 in the case of any other Private Party Default referred to in Clauses 27.1.5, 27.1.10 27.1.5 and 27.1.1227.1.10, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or 27.2.1.3 27.3.1.3 request that the Private Party put forward, within 10 (ten) Business Days of a notice of default, a reasonable programme for remedying the Private Party Default or to remedy the underlying cause of such Private Party Default ("Remedial Programme"). The Remedial Programme shall specify in reasonable detail the manner in and the latest date by which, such Private Party Default is proposed to be remedied. The Private Party shall only have the option of putting forward a Remedial Programme if it first notifies SANParks within 5 (five) Business Days of such notice of Private Party Default that it proposes to do so. 27.2.2 27.3.2 If the Private Party Default is notified to the Private Party in a notice of default in terms of Clause 27.2.1.2 27.3.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.

SANParks’ Options. 27.2.1 2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may: 27.2.1.1 in the case of the Private Party Default referred to in Clauses 27.1.1, 27.1.2, 27.1.3, 27.1.4, 27.1.6, 27.1.7, 27.1.8, 27.1.9 and 27.1.11 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 27.2.1.2 in the case of any other Private Party Default referred to in Clauses 27.1.5, 27.1.10 and 27.1.12, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or 27.2.1.3 request that the Private Party put forward, within 10 (ten) Business Days of a notice of default, a reasonable programme for remedying the Private Party Default or to remedy the underlying cause of such Private Party Default ("Remedial Programme"). The Remedial Programme shall specify in reasonable detail the manner in and the latest date by which, such Private Party Default is proposed to be remedied. The Private Party shall only have the option of putting forward a Remedial Programme if it first notifies SANParks within 5 (five) Business Days of such notice of Private Party Default that it proposes to do so. 27.2.2 If the Private Party Default is notified to the Private Party in a notice of default in terms of Clause 27.2.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.

SANParks’ Options. 27.2.1 28.2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may: 27.2.1.1 28.2.1.1 in the case of the Private Party Default referred to in Clauses 27.1.128.1.1, 27.1.228.1.2, 27.1.328.1.3, 27.1.428.1.4, 27.1.628.1.6, 27.1.728.1.7, 27.1.828.1.8, 27.1.9 28.1.9 and 27.1.11 28.1.11 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 27.2.1.2 28.2.1.2 in the case of any other Private Party Default referred to in Clauses 27.1.528.1.5, 27.1.10 28.1.10 and 27.1.1228.1.12, serve notice of default on the Private Party requiring the Private Party to remedy the Private Party Default referred to in such notice of default (if the same is continuing) within ten (10) Business Days of such notice of default; or 27.2.1.3 28.2.1.3 request that the Private Party put forward, within 10 (ten) Business Days of a notice of default, a reasonable programme for remedying the Private Party Default or to remedy the underlying cause of such Private Party Default ("Remedial Programme"). The Remedial Programme shall specify in reasonable detail the manner in and the latest date by which, such Private Party Default is proposed to be remedied. The Private Party shall only have the option of putting forward a Remedial Programme if it first notifies SANParks within 5 (five) Business Days of such notice of Private Party Default that it proposes to do so. 27.2.2 28.2.2 If the Private Party Default is notified to the Private Party in a notice of default in terms of Clause 27.2.1.2 28.2.1.2 and the Private Party Default is not remedied before the expiry of the period referred to in the notice, then SANParks may terminate this PPP Agreement with immediate effect by written notice to the Private Party and the Lenders.