Business of the Joint Venture. The MP holds the relationship both for credit facilities and small cap programs. The distribution and use of funds at the sole discretion of the MP. MP for the purposes herein stated shall make all decisions affecting the small cap program of the Joint Venture. Any disagreements or disputes that arise from the Joint Venture shall be resolved through an arbitrator.
Business of the Joint Venture. Each Venturer shall have equal rights in the management and conduct of the business of the Joint Venture.
Business of the Joint Venture. The business of the Joint Venture is to acquire and own the Property and to design, develop, construct, finance, own and operate the Facility on the Property. The purposes of the Joint Venture shall include the conduct of casino gaming. In furtherance of its business, the Joint Venture shall have and may exercise all the powers now or hereafter conferred by the laws of the State of New Jersey on partnerships formed under the laws of that State, and may do any and all things related or incidental to its business as fully as natural persons might or could do under the laws of that State. One such power shall include, but shall not be limited to, the creation, ownership and operation of an entity to be utilized in connection with financing the Facility, whose board of directors shall be appointed by the Managing Venturer.
Business of the Joint Venture. The Joint Venture Partners, by and through their voting representatives, shall have full, exclusive and complete authority and discretion in the management and control of the business of the Joint Venture for the purposes herein stated and shall make all decisions affecting the business of the Joint Venture.
Business of the Joint Venture. [Owner/Founder] shall have full, exclusive and complete authority and discretion in the management and control of the business of the Joint Venture for the purposes herein stated and shall make all decisions affecting the business of the Joint Venture. As such, any action taken shall constitute the act of, and serve to bind, the Joint Venture. If there is someone or some entity specifically not included in this deal, then state that here. [Name] shall not participate in or have any control over the Joint Venture business nor shall it have any authority or right to act for or bind the Joint Venture.
Business of the Joint Venture. CRE shall have the authority and discretion in the management and control of the day to day operation of the business of the Joint Venture for the purposes herein stated and shall make all decisions affecting the business of the Joint Venture provided both parties have pre-approved or jointly agreed on such actions in advance and it is in the clear best interest of the venture. CRE will not make any decisions that would in any way benefit CRE in any way to the detriment of GEC. As such, any action taken shall constitute the act of, and serve to bind, the Joint Venture. CRE shall manage and control the affairs of the Joint Venture to the best of its ability and shall use its best efforts to carryout the business of the Joint Venture.
Business of the Joint Venture. The Joint Venture Partners, by through their voting representatives, shall have full, exclusive and complete authority and discretion in the management and control of the business of the Joint Venture. BIO shall have two votes on any matter to be decided by the Joint Venture other than the Amendment of this Agreement (which shall require the approval of all Parties) and IES shall have one vote on such matters.
Business of the Joint Venture. Title: Title shall be held by Catalyst in the name of . A Deed of Trust shall secure JV Financier. Initial Contributions: Catalyst has, through network sources and marketplace diligence, located and negotiated the contract for purchase of the subject property. JV Financier has reviewed the supporting documents, photographs and pro forma estimate of the property performance data and has agreed to provide the capital for the initial acquisition and upgrade costs at an amount not to exceed $ . Such funds will be used first for closing the purchase transaction per the HUD1 closing statement, secondly for the purchase of a prepaid annual fire and hazard insurance policy, thirdly for the initial property repairs (reference hud-1), lastly, for initiating utilities and payment for necessary property upgrades before occupancy. Any remaining funds will be retained in the operating escrow account and such account maintained to provide sufficient funds for the annual payment of property taxes and insurance. Catalyst shall have the exclusive right to manage and negotiate with occupants or prospective tenant-buyers and enter into agreements with same for the occupancy of the property and future sale of the property under terms acceptable to Catalyst. It is the desire of both parties that any future gains on the sale of the property be one year or more in time so as to be considered long term capital gains. Catalyst will not agree to the sale of said property for an amount less than $ cash without the consent of both parties and such a sale price would be consummated within two (2) years of the date of this agreement. Catalyst agrees not to enter into any future sale agreement that provides the Buyer with terms that would extend beyond a five (5) year period without some re-negotiation of those terms, whether interest rate, principal payments, or an index that would allow for the effects of future inflation.
Business of the Joint Venture. The business of the Joint Venture is to acquire and own the Property and to design, develop, construct, finance, own and operate the Facility on the Property. In furtherance of its business, the Joint Venture shall have and may exercise all the powers now or hereafter conferred by the laws of the State of New Jersey on partnerships formed under the laws of that State, and may do any and all things related or incidental to its business as fully as natural persons might or could do under the laws of that State.
