Chinese Joint Venture. 7.1 The parties acknowledge and agree that the Chinese JV Interests and the Chinese JV Contracts cannot be transferred to the Purchaser without the consent of Tianjin Pharmaceutical Holdings Co. Ltd and Tianjin Xxxxx Xxx Pharmaceutical Group Corporation Limited (the “Tianjin Consents”) and that therefore this Agreement shall not be construed as a transfer or attempted transfer of the Chinese JV Interests or the Chinese JV Contracts without such consent.
Chinese Joint Venture. All of Chemtura’s equity interest in the Chinese Joint Venture; and
Chinese Joint Venture. Chemtura is the owner of 90% of the equity in the Chinese Joint Venture, free and clear of all Liens.
Chinese Joint Venture. Chemtura shall use commercially reasonable efforts to purchase the 10% equity interest in the Chinese Joint Venture from China National Chemical Construction Jiangsu Company and to obtain the necessary Chinese Consents to such purchase such that as of the Closing, Chemtura shall own 100% of the equity interest in the Chinese Joint Venture free and clear of all Liens.
Chinese Joint Venture. Chemtura shall hold 100% of the equity interest in the Chinese Joint Venture free and clear of all Liens and shall have obtained the necessary Chinese Consents to acquire the 10% equity interest in the Chinese Joint Venture from China National Chemical Construction Jiangsu Company, and there shall be no existing Contracts (other than this Agreement) relating to the issuance, sale or transfer of any equity interest in the Chinese Joint Venture.
Chinese Joint Venture. (a) The Company holds an indirect minority shareholding of 20% in the Chinese Joint Venture and allows it to exercise 20% of the voting rights in the Chinese Joint Venture, and has the right to appoint two (2) board members under the constitutional documents of the Chinese Joint Venture.
Chinese Joint Venture. Seller has a 49% interest in Shenzhen SED-IPD International Electronic Device Co., Ltd. (the "JOINT VENTURE") in accordance with the agreement that has been delivered to Buyer pursuant to this SECTION 2.26. Seller has transferred to the Joint Venture the right to manufacture exclusively pursuant to Seller's product specifications approximately 10 different modules that use Seller's older technology and has not otherwise transferred any rights to any of Seller's Intellectual Property. To the Seller's Knowledge, all purchases by the Joint Venture are from Seller's vendors or from Seller-approved vendors. The Joint Venture agreement provides that, with the approval of the appropriate Chinese governmental authority, 70% of the Joint Venture's products are to be sold in the international market and the remainder sold within the Peoples Republic of China.
Chinese Joint Venture. Within 90 days from the date of signature of this Agreement, BUYER commits to notify SCHLUMBERGER of its decision whether to acquire SCHLUMBERGER's indirect interest in a Chinese joint venture (58% shareholding in Schlumberger-Xxx Xxxx Retail Petroleum Systems Corporation Ltd) (the "Chinese Joint Venture"), at conditions to be discussed. Failing such notification, BUYER shall be deemed not to acquire this interest and SCHLUMBERGER shall be free to keep it, transfer it or otherwise dispose of it, notwithstanding any other provision of this Agreement. Should BUYER not acquire the Chinese Joint Venture, it commits to continue all existing agreements between the RPS Business and the Chinese Joint Venture until their respective term, all renewals excluded. The major agreements are attached in Schedule 7.17 hereto. If SCHLUMBERGER is obliged to stay as a shareholder of the Chinese Joint Venture, SCHLUMBERGER shall not be considered in violation of any non-competition obligation or warranty as it relates to such Chinese Joint Venture, provided that SCHLUMBERGER shall exit the share capital of the Chinese Joint Venture by December 31, 2014.
Chinese Joint Venture. 52 5.20 Support Agreements; Concentrate Agreement. . . . . . 52 5.21
Chinese Joint Venture. (a) The parties recognize that CS owns 35% of a company in China (the "Chinese Company") which licenses the Oasis brand in China.
