be the partner of the other; be the or representative of the other; be the employee of the have the authority to bind the other Party by any representations, statements, warranties or agreements in any manner whatsoever, unless specifically so provided in this Agreement or otherwise in writing. COMMENCEMENT DURATION AGREEMENT- This Agreement shall commence on the Commencement Date and shall endure thereafter for an indeterminate period until it is terminated in terms of clause 41 (Breach) or clause 42 (Termination) below. Notwithstanding the provisions of clause 6.1, the City may, by virtue of the sole control it has over the EDA and notwithstanding any other rights it has in terms of the Applicable Legislation – liquidate and disestablish the EDA pursuant to the provisions of section 93B(c) of the Municipal Systems Act if – following an annual performance review, the performance of the EDA is unsatisfactory; or the City does not impose a financial recovery plan in terms of the MFMA and the EDA continues to experience serious or persistent financial problems; or the City terminates this Agreement for whichever reason; or transfer ownership or otherwise dispose of the EDA subject to the provisions of section 86G of the Municipal Systems Act and section 14 of the MFMA.
be the partner of the other; be the or representative of the other; be the employee of the have the authority to bind the other Party by any representations, statements, warranties or agreements in any manner whatsoever, unless specifically so provided in this Agreement or otherwise in writing. COMMENCEMENT DURATION AGREEMENT- This Agreement shall commence on the Commencement Date and shall endure thereafter for an indeterminate period until it is terminated in terms of clause 41 (Breach) or clause 42 (Termination) below. Notwithstanding the provisions of clause 6.1, the City may, by virtue of the sole control it has over the EDA and notwithstanding any other rights it has in terms of the Applicable Legislation – liquidate and disestablish the EDA pursuant to the provisions of section 93B(c) of the Municipal Systems Act if – following an annual performance review, the performance of the EDA is unsatisfactory; or the City does not impose a financial recovery plan in terms of the MFMA and the EDA continues to experience serious or persistent financial problems; or the City terminates this Agreement for whichever reason; or transfer ownership or otherwise dispose of the EDA subject to the provisions of section 86G of the Municipal Systems Act and section 14 of the MFMA.
Service-Delivery-Agr---EMM-EDA-11-MAY-2017.docx