Common use of Transactional Costs Clause in Contracts

Transactional Costs. 46.3.1. It is hereby recorded and agreed that:- 46.3.1.1. The negotiations prior to the Concession have required commitment by Transnet of significant financial, legal and other resources in order to effect the realisation of the Concession; 46.3.1.2. As the resources committed are an indispensable part of the success of the Concession the Concessionaire undertakes to, immediately upon conclusion of this Agreement and pursuant to this clause 46.3, make a contribution towards the aforementioned transactional costs in the amount of R1 000 000.00 (one million) to Transnet; 46.3.1.3. The Parties further agree that should they elect to do so, payments of the amount referred to in clause 46.3.1.2 above may be spaced over an agreed period within which payments of the amount may be made either on a monthly or annual basis, provided that this is agreed to in writing in accordance with the provisions of this Agreement.