Minimum PPP Fee definition

Minimum PPP Fee that portion of the PPP Fee that is payable by the Private Party at all times after the Operation Commencement Date, regardless of the amount of the Gross Revenue, which amount is detailed in Clause 15;
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Minimum PPP Fee the portion of the PPP Fee that is payable by the Private Party at all times after the Operation Commencement Date will apply, regardless of the amount of the Gross Revenue, which is stipulated in Clause 19; 2.1.48 “Minister” - Minister of Environmental Affairs in South Africa or any minister that assumes the responsibility for the Protected Area in the future; 2.1.49 “Operation Commencement Date” - the first Business Day after the expiry of the Development Period, by which date the Private Party shall be required, alternatively be deemed, to have commenced the conduct of the Business, as the case may be, at the ,xxxx site in accordance with the terms and conditions of this PPP Agreement; 2.1.50 “Park Management Plan” - the management plan developed by SANParks for the Protected Area in consultation with the local authorities, organs of state and other stakeholders and approved by the Minister as provided for in the Protected Areas Act, the objective of which is to ensure the protection, conservation and management of the Protected Area in a manner which is consistent with the objectives of the Protected Areas Act and the purpose for which the Protected Area was declared a national park in terms of the Protected Areas Act; 2.1.51 “Park Manager” - the most senior manager of the Protected Area, designated as such by SANParks from time to time; 2.1.52 “Park Rules” - the Environmental rules in respect of the Protected Area, as may be revised and/or updated by SANParks from time to time;
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Minimum PPP Fee has the meaning described in Clause 8.2.1;
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Examples of Minimum PPP Fee in a sentence

  • The Minimum PPP Fee shall be paid monthly in advance [on the [x] Business Day of the month preceding the month in respect of which that Minimum PPP Fee is being paid].

  • With effect from the Operation Commencement Date and for the duration of the Project Term, the Private Party shall pay to the Institution the PPP Fee, which will be higher of: the amount of R[insert amount] (indexed to CPIX), which amount shall be called the "Minimum PPP Fee"; and [x]% of the Gross Revenue earned in respect of the relevant Project Year, which amount shall be called the "Variable PPP Fee".

  • SANParks retains the right not to award the Bid in the unlikely event that only one Bid is received and the PPP Fee Offer does not meet SANParks’ minimum requirements.The Minimum PPP Fee for each of the tourism products are as follows: The Minimum PPP Fee above are at May 2022 prices and will be adjusted annually throughout the term of the PPP Agreement according to the movement in the Consumer Price Index.

  • If this figure is higher than the Minimum PPP Fee, it shall be the total amount payable by the Private Party to SANParks for the Project Year in question.

  • The difference between the Variable PPP Fee thus determined and the aggregate of amounts already paid as Minimum PPP Fee, will be payable within 7 (seven) Business Days following the calculation.

  • Irrespective of which of these elements determines the final amount payable in any given month, the PPP Fee payment will be the higher of the Minimum PPP Fee or the Variable PPP Fee in each for the Restaurant and Retail facilities listed in Schedule 6 and shall accrue and be payable by the Private Party to SANParks within 7 (seven) Business Days following the end of each month, free of deduction or set-off, to SANParks.

  • Tribal Policy It shall be the policy of the Curyung Tribe to uphold the validity of marriages whenever possible.

  • Irrespective of which of these elements determines the final amount payable in any given month, the PPP Fee payment will be the higher of the Minimum PPP Fee or the Variable PPP Fee for the Restaurant Facility and shall accrue and be payable by the Private Party to SANParks within 7 (seven) Business Days following the end of each month, free of deduction or set-off, to SANParks.

  • If this figure is higher than the Minimum PPP Fee, it shall be the total amount payable under this Clause Error! Reference source not found.

  • Irrespective of which of these elements determines the final amount payable in any given month, the PPP Fee payment will be the higher of the Minimum PPP Fee or the Variable PPP Fee for the Scooter Tours operation and shall be payable by the Private Party to SANParks within 7 (seven) Business Days following the end of each month, free of deduction or set-off, to SANParks.


More Definitions of Minimum PPP Fee

Minimum PPP Fee means, in respect of the Project Year in question, the Minimum PPP Fee stipulated by SANParks and indicated in Annexure X, escalated annually to compensate for inflation in accordance with the Consumer Price Index, as indicated in Clause 8.7 below;
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Minimum PPP Fee that portion of the PPP Fee that is payable by the Private Party at all times after the Operation Commencement Date, regardless of the amount of the Gross Revenue, which is stipulated in Clause 17; 2.1.45 “Minister” Minister of Forestry, Fisheries, and the Environment in South Africa or any minister that assumes the responsibility for the Protected Area in the future;
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Minimum PPP Fee means, in respect of the year in question, a minimum rental of R xxxxx-00 per month adjusted annually on the anniversary date with the Consumer Price Index;
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Minimum PPP Fee that portion of the PPP Fee that is payable by the Private Party at all times after the Operation Commencement Date, regardless of the amount of the Gross Revenue, which is stipulated in Clause 19; 2.1.47 “Minister” - Minister responsible for environmental affairs in South Africa or any minister that assumes the responsibility for the Protected Area in the future; 2.1.48 “Spa Facility” - the recreational facility located within the Protected Area as more fully described in Schedule 1. The Spa Facility will consist of at least one permanent spa facility as well as a mobile spa to be used in camps where permanent structures are not erected. An area with a water and electricity point will be provided in camps where the product will be presented; 2.1.49 “Operation Commencement Date” - the first Business Day after the expiry of the Development Period, by which date the Private Party shall be required, alternatively be deemed, to have commenced the conduct of the Business, as the case may be, at the Spa Facility in accordance with the terms and conditions of this PPP Agreement; 2.1.50 “Park” - Kruger National Park; 2.1.51 “Park Management Plan” - the management plan developed by SANParks for the Protected Area in consultation with the local authorities, organs of state and other stakeholders and approved by the Minister as provided for in the Protected Areas Act, the objective of which is to ensure the protection, conservation and management of the Protected Area in a manner which is consistent with the objectives of the Protected Areas Act and the purpose for which the Protected Area was declared a national park in terms of the Protected Areas Act; 2.1.52 “Park Manager” - the most senior manager of the Protected Area, designated as such by SANParks from time to time; 2.1.53 “Park Rules” - the Environmental rules in respect of the Protected Area, as may be revised and/or updated by SANParks from time to time; 2.
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Minimum PPP Fee the portion of the PPP Fee that is payable by the Private Party at all times after the Operation Commencement Date will apply, regardless of the amount of the Gross Revenue, which is stipulated in Clause 19 provided that the Private Party shall, from the Operation Commencement Date until a period of 3 (three) months after the lifting by Government of the Disaster Management Act: Regulations to address, prevent and combat the spread of Coronavirus COVID-19 (lockdown regulations), pay a variable fee (% of gross revenue); 2.
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Related to Minimum PPP Fee

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Minimum Price shall have the meaning specified in Section 7.1(d).

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Period means the minimum period for the Service, the initial term of which is set out on the Front Sheet and which starts on the Service Start Date; the minimum period may be renewed on agreement between you and us from time to time for further minimum periods for the same length as, or different to, the initial term.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Monthly Fee means the total consideration, including but not limited to, equipment or locker rental,

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Access Fee means a fee prescribed for the purposes of section 22(6) or 54(6), as the case may be;

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum Run Time For all generating units that are not combined cycle units, “Minimum Run Time” shall mean the minimum number of hours a unit must run, in real-time operations, from the time after generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, to the time of generator breaker opening, as measured by PJM's State Estimator. For combined cycle units, “Minimum Run Time” shall mean the time period after the first combustion turbine generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, and the last generator breaker opening as measured by PJM’s State Estimator.

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Processing Fee means in relation to a Transaction Summary delivered:

  • Break-Up Fee has the meaning set forth in Section 9.2(b).

  • Hookup fee means a fee for the installation and inspection of any pipe, line,

  • Minimum data set means the data required by the Australian Government from Community Care service outlets, in the form prescribed by the Australian Government, which data is shared with the Queensland Government;

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.