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. o Each party shall be required to remain in the Joint Venture and shall not withdraw its capital prior to the 90 days of the credit facility being created. In the event a party elects to withdraw from the Joint Venture after the required time commitment, said party shall give notice to the other party four (4) months in advance of wanting such a termination. o MP shall be in charge of the daily operations of the JOINT VENTURE which includes: Creating Credit Facilities and Distributing the Credit Facilities across multiple small cap programs for the benefit of the JV for the next 60 months.
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 parties, 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. 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. Management: Catalyst shall have the exclusive duty of managing the asset during the holding period. Such management shall include, but not be limited to: Necessary property improvements and/or maintenance, marketing, interviewing, and performing background due diligence for prospective occupants, collecting monies, disbursing monies as necessary for the on-going operation including property taxes and insurance. Reports shall be made quarterly in regards to accounting for this venture and excess cash monies shall be distributed per the percentages listed above to each party in excess of the escrow fund balance. 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 woul...
Business of the Joint Venture. The Parties hereby establish a contractual Joint Venture to:
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. The Joint Venture will operate as an independent group of companies separate and apart from the Parties. From and after the Closing, the Joint Venture Entities shall take such actions as are consistent with the operation of an independent business, including hiring and maintaining their own workforce, entering into and fully performing their own contracts and maintaining their own property, facilities and equipment and will manage and operate the Business in accordance with the Business Plan and the Annual Budget.
Business of the Joint Venture. (A) Section 3.1. is hereby amended by replacing the last sentence thereof with the following:
Business of the Joint Venture. Initially, the Joint Venture will be engaged in efforts to obtain Blue Hat Approval and enter into the Sinopharm Distribution Agreement. After the Joint Venture obtains Blue Hat Approval, the business of the Joint Venture is to market, sell and distribute Products in the Territory (the “Business”).
