Granting of Rights definition

Granting of Rights means the granting by the Municipality of the right to use, control or manage capital assets in circumstances where sections 14 and 90 of the MFMA and Chapters 2 and 3 of the Municipal Asset Transfer Regulations do not apply. In other words, where the granting of such rights does not amount to “transfer” or “disposal” of the asset and which includes leasing, letting, hiring out, etc, of the capital asset.
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Granting of Rights. : means the granting by the municipality of the right to use, control or manage capital assets in circumstances where sections 14 and 90 of the MFMA and Chapters 2 and 3 of the Municipal Asset Transfer Regulations do not apply. In other words, where the granting of such rights does not amount to “transfer” or “disposal” of the asset and which includes leasing, letting, hiring out, etc., of the capitalasset. 1.38 “Green Procurement”: is defined as taking into account environmental criteria forgoods and services to be purchased to ensure that the related environmental impact is minimized. 1.39 “highest acceptable tender” means a tender that complies with all specifications and conditions of tender and that has the highest price compared to othertenders; 1.40 “Historically Disadvantaged Individual (HDI)” means a South African citizen:• who, due to the apartheid policy that had been in place, had no franchise in national elections prior to the introduction of the Constitution of the Republic of South Africa Act 110 of 1983 or the Constitution of the Republic of South Africa Act 200 of 1993 (“the Interim Constitution”); and / or• who is a female; and / or• who has a disability;Provided that a person who obtained South Africa citizenship on or after the coming into effect of the Interim Constitution is deemed not to be an HDI. 1.41 “Imported Content”: means that portion of the bid price represented by the cost of components, parts or materials which have been or are still to be imported (whether by the supplier or its sub-contractors) and which costs are inclusive of the costs abroad, plus freight and other direct importation costs, such as landing costs, dock dues,import duty, sales duty or other similar tax or duty at the South African port or entry. 1.42 “In the service of the state”: means: 1.42.1 a member of any municipal council, any provincial legislature or the National Assemblyor the National Council of Provinces; 1.42.2 an official of any municipality or municipal entity; 1.42.3 an employee of any national or provincial department, national or provincial public entityor constitutional institution within the meaning of the Public Finance Management Act, 1 of 1999; 1.42.4 a member of the board of directors of any municipal entity; 1.42.5 a member of the accounting authority of any national or provincial public entity; or 1.42.6 an employee of Parliament or a provincial legislature.
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Examples of Granting of Rights in a sentence

  • The contracts include provisions waiving sovereign immunity, specifying that the activities described in the contract are “commercial in nature.” Agreement on the Granting of Rights to Publish Archival Documents art.

  • Granting of Rights: No person(s), firms(s) or corporation(s) shall have access to or use the property of the County at the Airport for the purpose of providing commercial aeronautical activities unless they first meet the requirements of these Standards, obtain the permission of the GCRMA and have a properly executed lease agreement.

  • In particular, Wandelbots may immediately terminate this XXXX if End User is in material breach of Sections 2 (Delivery and Granting of Rights), 3 (Use of the Software), 5 (End User Obligations; End User Account) or 6 (Export Controls).

  • Granting of Rights With respect to land and soil, on which the mahogany seedlings sold to the customer under paragraph 1 are planted, MTI grants the customer a right equivalent to the “la Mejora” right for the use of land and soil in the Dominican Republic.

  • Wandelbots may suspend End User usage rights if End User breaches Sections 2 (Delivery and Granting of Rights), 3 (Use of the Software), 5 (End User Obligations; End User Account) or 6 (Export Controls).

  • Policy Statement (Guidelines) for the Granting of Rights to Harvest Marine Resources and The Allocation of Fishing Quotas.” 2009.

  • All rights to intellectual property introduced and to any development results existing in terms of the activity of the working groups shall be included in the "Rules as to Granting of Rights" which form Attachment I to these Statutes and have effect as part of the Statutes.

  • Section 4), the quality lags behind the expectations from the theoretical analysis.

  • Stage 3: Completion of Acquisition and Granting of Rights also known as Resettlement Implementation.These principles and processes have been explained in detail in Chapter 5 of this report.

  • Under the NED Plan a Non- Executive Director sacrifices a percentage of their base or total fees to acquire Shares.2. Granting of Rights under the NED Plan.

Related to Granting of Rights

  • Summary of Rights shall have the meaning set forth in Section 3(b) hereof.

  • Assignment of Rents means a transfer of an interest in rents in connection with an obligation secured by real property located in this state and from which the rents arise.

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Registration Rights means the rights of the Holders to cause the Company to Register Registrable Securities pursuant to this Agreement.

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • Additional Xxxx of Sale means each document, in the form of Attachment D hereto, executed by an authorized officer of VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding which shall: (i) set forth the list and certain terms of (a) Additional Loans offered by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding and accepted for purchase by the Interim Eligible Lender Trustee for the benefit of Funding, including the Additional Loans Purchase Price for the Additional Loans being sold thereunder or (b) Substituted Loans substituted by VL Funding and (ii) sell, assign and convey to Funding and the Interim Eligible Lender Trustee, for the benefit of Funding, and their assignees, all right, title and interest of VL Funding and of the VL Funding Eligible Lender Trustee on behalf of VL Funding in the Additional Loans or Substituted Loans, as applicable, listed on the related Additional Xxxx of Sale and (iii) certify that the representations and warranties made by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding pursuant to Sections 5(A) and (B) of these Master Terms, by the Servicer as set forth in Section 5(C) and by the Interim Eligible Lender Trustee as set forth in Section 5(D) are true and correct.

  • Amendment No. 7 Effective Date has the meaning assigned to such term in Amendment No. 7.

  • Special declarant rights means rights reserved for the benefit of a declarant to:

  • Exercise of Secured Creditor Remedies means, except as otherwise provided in the final sentence of this definition:

  • Assignment of Recognition Agreement With respect to a Cooperative Loan, an assignment of the Recognition Agreement sufficient under the laws of the jurisdiction wherein the related Cooperative Unit is located to reflect the assignment of such Recognition Agreement.

  • Amendment No. 5 Effective Date has the meaning set forth in Amendment No. 5.

  • Amendment No. 4 Effective Date has the meaning assigned to such term in Amendment No. 4.

  • Amendment No. 6 means the Sixth Amendment to Amended and Restated Credit Agreement, dated as of May 23, 2018, among Borrower, each of the Lenders party thereto and the Administrative Agent.

  • additional purpose means a purpose for which no expenditure estimate is included in the local government’s annual budget.

  • Amendment No. 8 Effective Date has the meaning assigned to such term in Amendment No. 8.

  • Amendment No. 8 means that certain Amendment No. 8, dated as of the Amendment No. 8 Effective Date, by and among the Borrower, the Administrative Agent and the Lenders party thereto, and acknowledged and agreed by the Guarantors.

  • Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.

  • right of access means the right to be admitted to invest in the territory of the other Contracting Party, subject to the limits resulting from international agreements binding on both Contracting Parties.

  • Amendment No. 6 Effective Date has the meaning set forth in Amendment No. 6.

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.

  • Additional Effective Date means the date the Additional Registration Statement is declared effective by the SEC.

  • Amendment No. 7 means the Seventh Amendment to Amended and Restated Credit Agreement, dated as of March 28, 2019, among Borrower, each of the Lenders party thereto and the Administrative Agent.

  • Amendment No. 1 means Amendment No. 1 to Credit Agreement dated as of October 25, 2016, by and among the Loan Parties, the Administrative Agent and the Lenders party thereto.

  • Amendment No. 3 Effective Date has the meaning specified in Amendment No. 3.

  • Amendment No. 5 means Amendment No. 5 to this Agreement dated as of August 7, 2020, by and among the Borrower, Holdings, the other Loan Parties party thereto, the Extending Revolving Credit Lenders party thereto, and the Administrative Agent.

  • Amendment No. 2 means Amendment No. 2 to this Agreement dated as of November 15, 2019, by and among the Borrower, Holdings, the other Loan Parties party thereto, the Second Incremental Term Lenders, and the Administrative Agent.