the Act definition

the Act means the Preferential Procurement Policy Framework Act, 2000 (Act No. 5 of 2000).

the Act means the Localism Act 2011;

the Act means the Occupational Health and Safety Act, 1993 (Act No. 85 of 1993);

Examples of the Act in a sentence

• The name and location of the registered agent will be as stated in the Company’s formation documents and complies with Section 00-00-000 of the Act.

• The Company is authorized to withhold from payments or distributions to any Member, or with respect to any allocation made with respect to any Member, and to pay over to any federal, state, or local government any amounts required to be so withheld pursuant to the Act or any provision of any other federal, state or local law.

• Any remedy under the Act may be pursued, including allowing the individual to become a Member without a transferable interest, provided there is unanimous consent from all Members who have satisfied their contribution obligations.

• To the extent permitted under Section 00-00-000 of the Act, no Member shall be personally liable for the obligations of the Company.

• Pursuant to Section 00-00-000 of the Act, the Members are obligated to maintain and update the business records on file with the Company’s registered agent.

More Definitions of the Act

the Act means the Enterprise Act 2002;

the Act means the Preferential Procurement Policy Framework Act, 2000 (Act No. 5 of 2000). 3. FORMULAE FOR PROCUREMENT OF GOODS AND SERVICES3.1. POINTS AWARDED FOR PRICE 3.1.1 THE 80/20 OR 90/10 PREFERENCE POINT SYSTEMSA maximum of 80 or 90 points is allocated for price on the following basis: 80/20 or 90/10 Where𝑷𝒔 = 𝟖𝟎 (𝟏 − 𝑷𝒕−𝑷 𝒎𝒊𝒏𝑷 𝒎𝒊𝒏) or 𝑷𝒔 = 𝟗𝟎 (𝟏 − 𝑷𝒕−𝑷 𝒎𝒊𝒏 )𝑷 𝒎𝒊𝒏Ps = Points scored for price of tender under consideration Pt = Price of tender under considerationPmin = Price of lowest acceptable tender 3.2. FORMULAE FOR DISPOSAL OR LEASING OF STATE ASSETS AND INCOME GENERATING PROCUREMENT 3.2.1. POINTS AWARDED FOR PRICEA maximum of 80 or 90 points is allocated for price on the following basis: 80/20 or 90/10 𝑷𝒔 = 𝟖𝟎 (𝟏 + 𝑷𝒕−𝑷 𝒎𝒂𝒙𝑷 𝒎𝒂𝒙) or 𝑷𝒔 = 𝟗𝟎 (𝟏 + 𝑷𝒕−𝑷 𝒎𝒂𝒙 )𝑷𝒎𝒂𝒙 Where Ps = Points scored for price of tender under consideration Pt = Price of tender under considerationPmax = Price of highest acceptable tender4. POINTS AWARDED FOR SPECIFIC GOALS4.1. In terms of Regulation 4(2); 5(2); 6(2) and 7(2) of the Preferential Procurement Regulations, preference points must be awarded for specific goals stated in the tender. For the purposes of this tender the tenderer will be allocated points based on the goals stated in table 1 below as may be supported by proof/ documentation stated in the conditions of this tender:4.2. In cases where organs of state intend to use Regulation 3(2) of the Regulations, which states that, if it is unclear whether the 80/20 or 90/10 preference point system applies, an organ of state must, in the tender documents, stipulate in the case of—(a) an invitation for tender for income-generating contracts, that either the 80/20 or 90/10 preference point system will apply and that the highest acceptable tender will be used to determine the applicable preference point system; or(b) any other invitation for tender, that either the 80/20 or 90/10 preference point system will apply and that the lowest acceptable tender will be used to determine the applicable preference point system,then the organ of state must indicate the points allocated for specific goals for both the 90/10 and 80/20 preference point system. Table 1: Specific goals for the tender and points claimed are indicated per the table below.(Note to organs of state: Where either the 90/10 or 80/20 preference point system is applicable, corresponding points must also be indicated as such.

the Act means the Financial Services and Markets Act 2000;

the Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

the Act means the Income Tax Act 58 of 1962; and

the Act means the Companies Act 1985 including any statutory modification or re-enactment thereof for the time being in force;

the Act means the Companies Act 2006;