Appointment of New Manager. (a) Upon the termination of the appointment of the Manager, the Joint Venturers must promptly appoint a new Manager under the terms of this agreement, if this agreement is not otherwise terminated. The Joint Venturers must not reappoint a Manager removed for default or due to an Insolvency Event.
Appears in 3 contracts
Samples: Mining Joint Venture Agreement, Joint venture Agreement (GEO JS Tech Group Corp.), Joint venture Agreement (GEO JS Tech Group Corp.)
Appointment of New Manager. (a) Upon the termination of the appointment of the Manager, the Joint Venturers must promptly appoint a new Manager under the terms of this agreementAgreement, if this agreement Agreement is not otherwise terminated. The Joint Venturers must not reappoint a Manager removed for default or due to an Insolvency Event.
Appears in 2 contracts
Samples: www.sec.gov, Emc Metals Corp.