Common use of SANParks’ Options Clause in Contracts

SANParks’ Options. 17.2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may: 17.2.1.1 in the case of the Private Party Default referred to in Clauses 17.1.1, 17.1.2, 17.1.3, 17.1.4, 17.1.6, 17.1.7, 17.1.8, 17.1.9, 17.1.10, 17.1.11 and 17.1.13 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 17.2.1.2 in the case of any other Private Party Default referred to in Clauses 17.1.5 and 17.1.12, 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 20 Business Days of such notice of default. 17.2.2 If the Private Party Default is conveyed to the Private Party in a notice of Default in terms of Clause 17.2.1.2 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. 17.2.1 On the occurrence of a Private Party Default, or within a reasonable time after SANParks becomes aware of the same, SANParks may: 17.2.1.1 in the case of the Private Party Default referred to in Clauses 17.1.1, 17.1.2, 17.1.3, 17.1.4, 17.1.6, 17.1.7, 17.1.8, 17.1.9, 17.1.10, 17.1.11 and 17.1.13 terminate this PPP Agreement in its entirety by notice in writing having immediate effect; 17.2.1.2 in the case of any other Private Party Default referred to in Clauses 17.1.5 and 17.1.1217.1.11, 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 20 Business Days of such notice of default. 17.2.2 If the Private Party Default is conveyed to the Private Party in a notice of Default in terms of Clause 17.2.1.2 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.