Project Insurance means the insurance taken out by or on behalf of the Concessionaire pursuant to the provisions of this Concession Agreement.
Project Insurance those insurances that the Private Party is required by Law and this PPP Agreement to purchase and maintain in terms of Clause 19 a copy of which is attached as Schedule 11;
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 22, 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; 2.1.72 “Protected Areas Act” - the National Environmental Management: Xxxxxxxxx Xxxxx Xxx, 0000 (Act No. 57 of 2003,) (as amended) from time to time); 2.1.73 “Rand” or “R” - the South African Rand, the lawful currency of South Africa; 2.1.74 “Regulations” - regulations issued in terms of the Protected Areas Act; 2.1.75 “Regulatory Provisions” - (a) the Environmental guidelines (“Environmental Specifications”) for operators operating within the Protected Area which is further described in Schedule 7, as same may be revised and updated by SANParks from time to time, and (b) collectively the Laws, and standards of the State and any Relevant Authority which in any way affects or applies to the conduct of the Project and/or this PPP Agreement from time to time or, if the context is appropriate, any one of them and where appropriate includes the Regulations, Park Rules and Park Management Plan; 2.1.76 “Residual Value” - the depreciated value of the immovable structures (approved by SANParks) built by the Private Party from the date such structures were first accounted for in the Private Parties books until the Termination Date, as the case may be. Depreciation shall be calculated in accordance with depreciation presented for income tax purposes; 2.1.77 “Responsible Authority” - the South African national and/or provincial and/or local governmental authority having jurisdiction over any or all of the Parties or any subject matter of this PPP Agreement. A Responsible Authority shall, for the avoidance of doubt, not include any provider of Utilities; 2.1.78 “Restricted Enterprise” - a person restricted from contracting with SANParks and/or a Responsible Authority as a result of being listed either on - (i) the Register for Tender Defaulters compiled in terms of the regulations to the Prevention and Combating of Corrupt Activities Act, 2004; (ii) the Disqualified Directors’ Register (maintained by the Companies a...
Examples of Project Insurance in a sentence
Includes all fees, charges (including parking charges), expenses, fines, assessments, interest or other sums payable by Tenant pursuant to this Lease other than (a) Tenant’s Project Share of (i) Project Taxes, (ii) Project Insurance Costs and (iii) Project Operating Costs, (b) Tenant’s Building Share of (i) Building Taxes, (ii) Building Insurance Costs and (iii) Building Operating Costs and (c) Tenant’s Utility Costs due under this Lease.
As partial security for the indemnification --------- obligations provided for hereunder, Purchaser shall obtain from United National Insurance Company and produce at Closing, and with all premiums fully paid as of the Closing, insurance policies providing coverages that are substantively identical to coverages provided in the Remediation Project Insurance Policy in the form of Exhibit 5 hereto, and the Real Estate Pollution Policy in the form of Exhibit 6 hereto.
Annually, Landlord shall furnish to Tenant a report setting forth in reasonable detail the Project Operating Costs, Building Operating Costs, Project Insurance Costs, Building Insurance Costs, Project Taxes and Building Taxes for the immediately preceding calendar year (in the case of Operating Costs and Insurance Costs) or Tax Fiscal Year (in the case of Taxes).
The Remediation Project Insurance Policy shall remain in effect until all Remedial Action has been completed.
The Remediation Project Insurance Policy shall cover all of the Premises.
More Definitions of Project Insurance
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 22, 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;
Project Insurance means the insurance taken out by or on behalf of the Concessionaire pursuant to Article 25 of this Concession Agreement.
Project Insurance means the insurance taken out by or on behalf of the Service Provider pursuant to Article 2 and 26 of this Operation, Management and Maintenance Agreement.
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 22, 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, which is further described in Clause 10; 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” - Table Mountain National Park; 2.1.72 “Protected Areas Act” - the National Environmental Management: Xxxxxxxxx Xxxxx Xxx, 0000 (Act No. 57 of 2003,) (as amended) from time to time); 2.1.73 “Rand” or “R” - the South African Rand, the lawful currency of South Africa;
Project Insurance means the insurance, which shall be taken out by or on behalf of the Concessionaire pursuant to the provisions of this Concession Agreement.
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 Error! Reference source not found., upon the minimum terms set out in Schedule 10; 2.1.70 “Project Term” - the period from the Signature Date to the Expiry Date or the Termination Date, whichever occurs first; 2.1.71 “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; 2.1.72 “Protected Area” - Kruger National Park; 2.1.73 “Protected Areas Act” - the National Environmental Management: Xxxxxxxxx Xxxxx Xxx, 0000 (Act No. 57 of 2003,) (as amended) from time to time); 2.1.74 “Rand” or “R” - the South African Rand, the lawful currency of South Africa; 2.1.75 “Regulations” - regulations issued in terms of the Protected Areas Act; 2.1.76 “Regulatory Provisions” - (a) the Environmental guidelines (“Environmental Specifications”) for operators operating within the Protected Area which is further described in Schedule 7, as same may be revised and updated by SANParks from time to time, and (b) collectively the Laws, and standards of the State and any Relevant Authority which in any way affects or applies to the conduct of the Project and/or this PPP Agreement from time to time or, if the context is appropriate, any one of them and where appropriate includes the Regulations, Park Rules and Park Management Plan;
Project Insurance means any policy of insurance held in connection with the Project pursuant to Section 8.2.5.