Termination by Notice. At any stage during the Project Term, SANParks may on written notice of not less that 6 (six) months, give the Private Party notice of termination of this PPP Agreement, in which event this PPP Agreement shall terminate. On termination of this PPP Agreement in accordance with this Clause 17.6 SANParks shall pay the Private Party an amount equal to the Residual Value.
Appears in 5 contracts
Sources: Public Private Partnership Agreement, Public Private Partnership Agreement, Public Private Partnership Agreement
Termination by Notice. At any stage during Prior to the expiry of the Project Term, SANParks may on written notice of not less that 6 (six) months, give the Private Party notice of termination of this PPP Agreement, in which event this PPP Agreement shall terminate. On termination of this PPP Agreement in accordance with this Clause 17.6 SANParks shall pay the Private Party an amount equal to the Residual Value.
Appears in 3 contracts
Sources: Public Private Partnership Agreement, Public Private Partnership Agreement, Public Private Partnership Agreement
Termination by Notice. At any stage during Prior to the expiry of the Project Term, SANParks may on written notice of not less that than 6 (six) months, give the Private Party Lessee notice of termination of this PPP Agreement, in which event this PPP Agreement shall terminate. On termination of this PPP Agreement in accordance with this Clause 17.6 SANParks shall pay the Private Party an amount equal to the Residual Value.
Appears in 1 contract
Sources: Public Private Partnership Agreement
Termination by Notice. At any stage during Prior to the expiry of the Project Term, SANParks may on written notice of not less that 6 (six) months, give the Private Party notice of termination of this PPP Agreement, in which event this PPP Agreement shall terminate. On termination of this PPP Agreement in accordance with this Clause 17.6 26, SANParks shall pay the Private Party an amount equal to the Residual Valuebook value of the Sale Assets and the New Project Assets, set out in the annual audited books of account of the Private Party on the date of such termination.
Appears in 1 contract
Sources: Public Private Partnership Agreement