PPP Agreement definition

PPP Agreement this agreement between SANParks and the Private Party including the Schedules hereto as amended, extended, replaced and varied from time to time;
PPP Agreement means a written contract recording the terms of a PPP concluded between an institution and a private party;
PPP Agreement means a written contract defining terms of the public private partnership agreement concluded between a contracting authority and one or more private parties;

Examples of PPP Agreement in a sentence

  • The amount of the performance security must be equal to at least ten percent (10%) of the value of the PPP agreement.

  • The parties have a duty to make efforts to settle by agreement any dispute that may arise in relation to the PPP agreement.


More Definitions of PPP Agreement

PPP Agreement means the written public-private partnership agreement that will be executed for the purposes of implementation of the PPP Project by and between the Public Partner and the Winner of the Tender or the Commercial Entity of the Winner of the Tender.
PPP Agreement means a written contract recording the terms of a PPP concluded between an institution and a private party; ”relevant treasury” means the National Treasury unless delegated in terms of section 10(1)(b) of the Act;
PPP Agreement means this public private partnership agreement between the Parties, being a public private partnership agreement as contemplated in Section 120 and the PPP Regulations of the MFMA;
PPP Agreement this Agreement between SANParks and the Private Party including the Annexures hereto as amended, extended, replaced and varied from time to time;
PPP Agreement means a contractual arrangement of any one of the types described in Schedule II, which is made between a Government Agency and a private party;
PPP Agreement this public private partnership agreement between SANParks and the Private Party, including the Schedules and any annexures hereto as amended, extended, replaced and varied from time to time; 2.1.60 “PPP Fee” - the fee payable by the Private Party to SANParks in respect of the Project, as detailed in Clause 19; 2.1.61 “PPP Rights” - the right to design, operate, maintain, and manage the Business as more specifically set out in Clause 5; 2.1.62 “Private Party” - , registration number , a profit private company registered in accordance with the company laws of South Africa; 2.1.63 “Private Party Default” - has the meaning ascribed to it in Clause 28; 2.1.64 “Private Party Parties” - the officers, directors, staff, employees, contractors, sub- contractors, agents, guests, visitors, invitees and patrons of the Private Party or, where the context requires, any one or more of them; 2.1.65 “Project” - shall have the meaning assigned to that term in clause 1.2 above; 2.1.66 “Project Assets” - all assets required to undertake the Project, including the Business Assets and the Capital Investment Assets, any books and records, any spare parts and tools, as well as the Intellectual Property pertaining to the Business, but excluding all cash and cash equivalents; 2.1.67 “Project Deliverables” - the timeous achievement of the Operation Commencement Date; successful implementation of the Project, including the achievement of the BEE Obligations; 2.1.68 “Project Insurance” - those insurances that the Private Party is required by Law and in terms of this PPP Agreement to purchase and maintain in terms of Clause 23, upon the minimum terms set out in Schedule 10; 2.1.69 “Project Term” - the period from the Signature Date to the Expiry Date or the Termination Date, whichever occurs first; 2.1.70 “Project Year” - each period of twelve (12) consecutive months, commencing on the Operation Commencement Date and thereafter commencing on every anniversary of the Operation Commencement Date; 2.1.71 “Protected Area” - Kruger National Park;
PPP Agreement means a contract between the public sector represented by a Government Agency and a private party for the provision of an infrastructure facility or service through a project and includes a contract described in Second Schedule;