Common use of Termination Amount on Private Party Default Clause in Contracts

Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 27.5.2 Subject to Clause 27.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.1: 27.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Treehouse Camp Facility as at date of termination, fair wear and tear accepted; 27.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Treehouse Camp Facility and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.

Termination Amount on Private Party Default. 27.5.1 26.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 27.5.2 26.5.2 Subject to Clause 27.5.126.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.126.5.1: 27.5.2.1 26.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Treehouse Camp Facility as Spa ▇▇▇▇▇▇▇▇.▇▇ at date of termination, fair wear and tear accepted; 27.5.2.2 26.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 26.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Treehouse Camp Facility and Spa Facility.and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 26.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.

Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination.books 27.5.2 Subject to Clause 27.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.1: 27.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Treehouse Camp Facility Groote ▇▇▇▇▇▇ Estate Tea Room and Restaurant as at date of termination, fair wear and tear accepted; 27.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Treehouse Camp Facility Groote ▇▇▇▇▇▇ Estate Tea Room and Restaurant and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.

Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 27.5.2 Subject to Clause 27.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.1: 27.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Treehouse Camp Restaurant Facility as at date of termination, fair wear and tear accepted; 27.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Treehouse Camp Restaurant Facility and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.

Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 27.5.2 Subject to Clause 27.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.1: 27.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Treehouse Camp Facility as ▇▇▇▇▇▇▇▇.▇▇ at date of termination, fair wear and tear accepted; 27.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Treehouse Camp Facility and Facility.and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.

Termination Amount on Private Party Default. 27.5.1 On termination of this PPP Agreement as a result of a Private Party Default, without derogating from any other rights which SANParks may have in law, SANParks shall pay the Private Party an amount equal to the Depreciated Value of the Capital Investments Assets, set out in the annual audited books of account of the Private Party on the date of such termination. 27.5.2 Subject to Clause 27.5.1, the following amounts shall be deducted from the amount payable in terms of Clause 27.5.1: 27.5.2.1 the cost and expense incurred or to be incurred in the reinstatement of the Treehouse Camp Astronomy Facility as at date of termination, fair wear and tear accepted; 27.5.2.2 an amount equal to any liquidated claims recoverable at law; 27.5.2.3 all costs and expenses incurred and/or reasonably expected to be incurred in restoring or remedying material damage to the Treehouse Camp Astronomy Facility and the Environment caused by the Private Party and/or any Person for whom it is legally responsible in terms of this PPP Agreement; and 27.5.2.4 any unpaid Assessment Rates and/or Utility Charges payable by the Private Party as at the date of termination.