Common use of Committed Obligations Clause in Contracts

Committed Obligations. 1.1 The Committed Obligations with regard to the Ownership Element Obligations are provided in Tables 2.3.1, 2.3.2 and 2.3.3 below. 15 No. Description 300-PC- Shareholding by Black People [30%] Exercisable Voting Rights by [30%] Black People Economic Interest by Black [30%] People 300-PC- Shareholding by Local [5%] 02 Communities Exercisable Voting Rights by [5%]16 Local Communities Economic Interest by Local [5%] Communities No. Description 300-CC- Shareholding by Black People [20%] Exercisable Voting Black People Rights by [20%] Economic Interest People by Black [20%] 15 Drafting Note: These obligations are to be based on the Bidder’s proposal denoting the commitments made by the Bidder with regard to Ownership. The numbers in [squared brackets] will be changed to align with the Bidder’s proposal which must, at all times, comply with the requirements as stated in the RFP.

Committed Obligations. 1.1 The Committed Obligations with regard to the Ownership Element Obligations are provided in Tables 2.3.1, 2.3.2 and 2.3.3 below. 15 14 No. Description 300-PC- Shareholding by Black People [30%] Exercisable Voting Rights by [30%] Black People Economic Interest by Black [30%] People 300-PC- Shareholding by Local [5%] 02 Communities Exercisable Voting Rights by [5%]16 5%]15 Local Communities Economic Interest by Local [5%] Communities No. Description 300-CC- Shareholding by Black People [20%] Exercisable Voting Black People Rights by [20%] Economic Interest People by Black [20%] 15 14 Drafting Note: These obligations are to be based on the Bidder’s proposal denoting the commitments made by the Bidder with regard to Ownership. The numbers in [squared brackets] will be changed to align with the Bidder’s proposal which must, at all times, comply with the requirements as stated in the RFP.