Termination Amount on Private Party Default Sample Clauses

Termination Amount on Private Party Default. 24.4.1 On termination of this PPP Agreement as a result of Private Party Default, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Sale Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 24.4.2 Subject to the provisions of Clauses 24.4.1, the following amounts shall be deducted from the amount payable in terms of Clauses 24.4.1: 24.4.2.1 the cost and expense incurred or to be incurred in the reinstatement of the KNP Fleet Workshops as at date of termination, fair wear and tear accepted; 24.4.2.2 an amount equal to all damages recoverable at law; 24.4.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the KNP Fleet Workshops and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 24.4.2.4 all reasonably foreseeable economic losses suffered or reasonably expected to be suffered by SANParks as a result of the breach or breaches by the Private Party of this PPP Agreement which resulted in termination of this PPP Agreement pursuant to Clause 24.2.2. 24.4.3 Should SANParks not exercise its rights to terminate pursuant to Clause 24.2.2, the Private Party shall compensate SANParks for all damages, costs and expenses incurred by SANParks as a result of events set forth in Clause 24.
AutoNDA by SimpleDocs
Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 27.5.2 Subject to Clause 27.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.1: 27.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Spa Facility as at date of termination, fair wear and tear accepted; 27.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Spa Facility and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.
Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 27.5.2 Subject to Clause 27.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.1: 27.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the AENP Xxxx Braai Facility as at date of termination, fair wear and tear accepted; 27.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the AENP Xxxx Braai Facility and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.
Termination Amount on Private Party Default. 23.4.1 On termination of this PPP Agreement as a result of Private Party Default, SANParks shall not be liable for any payments to the Private Party; 23.4.2 Subject to the provisions of Clauses 23.4.1, the following amounts shall determine the amount payable in terms of Clauses 23.4.1: 23.4.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Xxxx Braai Product as at date of termination, fair wear and tear accepted; 23.4.2.2 an amount equal to all damages recoverable at law; 23.4.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Xxxx Braai Product and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 23.4.2.4 all reasonably foreseeable economic losses suffered or reasonably expected to be suffered by SANParks as a result of the breach or breaches by the Private Party of this PPP Agreement which resulted in termination of this PPP Agreement pursuant to Clause 23.2.2. 23.4.3 Should SANParks not exercise its rights to terminate pursuant to Clause 23.2.2, the Private Party shall compensate SANParks for all damages, costs and expenses incurred by SANParks as a result of events set forth in Clause 23.
Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 27.5.2 Subject to Clause 27.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.1: 27.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Geelbek Restaurant and with related tourism activities as at date of termination, fair wear and tear accepted; 27.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Geelbek Restaurant and with related tourism activities and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.
Termination Amount on Private Party Default. 28.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 28.5.2 Subject to Clause 28.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 28.5.1: 28.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Phalaborwa Safari Lodge as at date of termination, fair wear and tear accepted; 28.5.2.2 an amount equal to any liquidated claims recoverable at law; 28.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Phalaborwa Safari Lodge and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 28.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.
Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books 27.5.2 Subject to Clause 27.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.1: 27.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Groote Xxxxxx Estate Tea Room and Restaurant as at date of termination, fair wear and tear accepted; 27.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Groote Xxxxxx Estate Tea Room and Restaurant and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.
AutoNDA by SimpleDocs
Termination Amount on Private Party Default. 26.6.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the immovable Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 26.6.2 Subject to Clauses 26.6.1, the following amounts shall be deducted from the amount payable in terms of Clauses 26.6.1: 26.6.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Scooter Tours operation as at date of termination, fair wear and tear accepted; 26.6.2.2 an amount equal to any liquidated claims recoverable at law; 26.6.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Scooter Tours operation and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 26.6.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.
Termination Amount on Private Party Default. 27.8.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination.
Termination Amount on Private Party Default. 25.6.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the immovable Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 25.6.2 Subject to Clauses 25.6.1, the following amounts shall be deducted from the amount payable in terms of Clauses 25.6.1: 25.6.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Mobile Tented Safari Facilities as at date of termination, fair wear and tear accepted; 25.6.2.2 an amount equal to any liquidated claims recoverable at law; 25.6.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Mobile Tented Safari Facilities and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 25.6.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!