New Project Assets definition

New Project Assets collectively the movable and immovable assets required to be obtained by the Private Party for purposes of the Project, but excluding the Institution Assets and cash, and including the SANParks Thesens Island Restaurant, the KOC Fixtures, any books and records, any spare parts and tools, and the Intellectual Property, or if the context is appropriate, any one of the New project assets;
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New Project Assets collectively the movable and immovable assets required to be obtained by the Private Party for purposes of the Project, but excluding the Institution Assets and cash, and including any books and records, any spare parts and tools, and the Intellectual Property, or if the context is appropriate, any one of the New project assets;
Sample 1
New Project Assets. The movable assets, other than the Sale Assets and any replacement assets as per Clause 18.7.3, acquired by the Private Party to operate the Skukuza Airport as the relevant category airport;
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Examples of New Project Assets in a sentence

  • On termination of this PPP Agreement in accordance with this Clause 26, SANParks shall pay the Private Party an amount equal to the book value of the Sale Assets and the New Project Assets, set out in the annual audited books of account of the Private Party on the date of such termination.

  • On termination of this PPP Agreement as a result of SANParks Default, SANParks shall pay the Private Party an amount equal to the book value of the Sale Assets and New Project Assets, set out in the annual audited books of account of the Private Party on the date of such termination.

  • The market value of the Sale Assets and the New Project Assets shall be determined by a panel of 3 (three) evaluators, one to be appointed by each of the parties and a third independent evaluator, by the first two appointed evaluators.

Related to New Project Assets

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Redevelopment project means a specific construction project

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Project area budget means a multiyear projection of annual or cumulative

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Development Project means a project for the development of land within a project area.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project Area means land or lands located within the incentive

  • Qualified Project Costs means Project Costs that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general Federal income tax principles and in accordance with United States Treasury Regulations §1.103-8(a)(1), provided, however, that only such portion of interest accrued during rehabilitation of the Projects shall be eligible to be a Qualified Project Cost as is so capitalizable and as bears the same ratio to all such interest as the Qualified Project Costs bear to all Project Costs; and provided further that interest accruing after the date of completion of the rehabilitation of the Projects shall not be a Qualified Project Cost; and provided still further that if any portion of any of the Projects is being rehabilitated by an Affiliated Party (whether as a general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of-pocket costs incurred by such Affiliated Party in rehabilitating the Projects (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by the Affiliated Party, and (C) any overhead expenses incurred by the Affiliated Party which are directly attributable to the work performed on the Projects, and shall not include, for example, intercompany profits resulting from members of an affiliated group (within the meaning of Section 1504 of the Code) participating in the rehabilitation of the Projects or payments received by such Affiliated Party due to early completion of the rehabilitation of the Projects; (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to the Inducement Date or the Closing Date, and (iv) if the Project Costs were previously paid and are to be reimbursed with proceeds of the Loan or the Bonds, such costs were (A) costs of issuance of the Issuer Note, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.139-2(f)(2)) with respect to the Projects (such as architectural, engineering and soil testing services) incurred before commencement of the rehabilitation of the Projects that do not exceed twenty percent (20%) of the issue price of the Bonds (as defined in United States Treasury Regulations §1.148-1), or (C) were capital expenditures with respect to the Projects that are reimbursed no later than eighteen

  • Sub-project means a specific development project to be carried out by a Beneficiary utilizing the proceeds of a Sub-loan; and

  • The Project Site, where applicable, means the place or places named in the SCC.

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Developed Land means non-vacant land that is likely to be redeveloped during the planning period.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Project Completion means the date, as determined by the Division after consultation with the Recipient, that operation of the Project is initiated or is capable of being initiated, whichever comes first.