Common use of Termination Amount for SANParks Default Clause in Contracts

Termination Amount for SANParks Default. 25.3.1 On termination of this PPP Agreement as a result of SANParks Default, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and the Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 25.3.2 Subject to the provisions of Clause 25.3.1 the following amounts shall be added to the amount payable in terms of Clause 25.3.1: 25.3.2.1 an amount equal to all damages recoverable at law; and 25.3.2.2 all reasonably foreseeable economic losses suffered or reasonably expected to be suffered by Private Party as a result of the breach or breaches by SANParks of this PPP Agreement which resulted in termination of this PPP Agreement pursuant to Clause 25.3.1. 25.3.3 Should the Private Party not exercise its rights to terminate pursuant to Clause 25.3.1, SANParks shall compensate the Private Party for all damages, costs and expenses incurred by the Private Party as a result of events set forth in Clause 25.

Termination Amount for SANParks Default. 25.3.1 On termination of this PPP Agreement as a result of SANParks Default, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and the Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 25.3.2 Subject to the provisions of Clause 25.3.1 24.4.1 the following amounts shall be added to the amount payable in terms of Clause 25.3.124.4.1: 25.3.2.1 an amount equal to all damages recoverable at law; and 25.3.2.2 all reasonably foreseeable economic losses suffered or reasonably expected to be suffered by Private Party as a result of the breach or breaches by SANParks of this PPP Agreement which resulted in termination of this PPP Agreement pursuant to Clause 25.3.1. 25.3.3 Should the Private Party not exercise its rights to terminate pursuant to Clause 25.3.1, SANParks shall compensate the Private Party for all damages, costs and expenses incurred by the Private Party as a result of events set forth in Clause 25.

Termination Amount for SANParks Default. 25.3.1 23.3.1 On termination of this PPP Agreement as a result of SANParks Default, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and the Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 25.3.2 23.3.2 Subject to the provisions of Clause 25.3.1 23.3.1 the following amounts shall be added to the amount payable in terms of Clause 25.3.123.3.1: 25.3.2.1 23.3.2.1 an amount equal to all damages recoverable at law; and 25.3.2.2 23.3.2.2 all reasonably foreseeable economic losses suffered or reasonably expected to be suffered by Private Party as a result of the breach or breaches by SANParks of this PPP Agreement which resulted in termination of this PPP Agreement pursuant to Clause 25.3.1. 25.3.3 23.3.3 Should the Private Party not exercise its rights to terminate pursuant to Clause 25.3.1, SANParks shall compensate the Private Party for all damages, costs and expenses incurred by the Private Party as a result of events set forth in Clause 25.

Termination Amount for SANParks Default. 25.3.1 On termination of this PPP Agreement as a result of SANParks Default, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and the Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 25.3.2 Subject to the provisions of Clause 25.3.1 24.4.1 the following amounts shall be added to the amount payable in terms of Clause 25.3.124.4.15.3.1: 25.3.2.1 an amount equal to all damages recoverable at law; and 25.3.2.2 all reasonably foreseeable economic losses suffered or reasonably expected to be suffered by Private Party as a result of the breach or breaches by SANParks of this PPP Agreement which resulted in termination of this PPP Agreement pursuant to Clause 25.3.1. 25.3.3 Should the Private Party not exercise its rights to terminate pursuant to Clause 25.3.1, SANParks shall compensate the Private Party for all damages, costs and expenses incurred by the Private Party as a result of events set forth in Clause 25.

Termination Amount for SANParks Default. 25.3.1 On termination of this PPP Agreement as a result of SANParks Default, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets and the Capital Investment Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 25.3.2 Subject to the provisions of Clause 25.3.1 the following amounts shall be added to the amount payable in terms of Clause 25.3.1: 25.3.2.1 : an amount equal to all damages recoverable at law; and 25.3.2.2 and all reasonably foreseeable economic losses suffered or reasonably expected to be suffered by Private Party as a result of the breach or breaches by SANParks of this PPP Agreement which resulted in termination of this PPP Agreement pursuant to Clause 25.3.1. 25.3.3 Should the Private Party not exercise its rights to terminate pursuant to Clause 25.3.1, SANParks shall compensate the Private Party for all damages, costs and expenses incurred by the Private Party as a result of events set forth in Clause 25.