Details of the Joint Venture Sample Clauses

Details of the Joint Venture. Pursuant to the JVA, the JV Parties have agreed that the initial paid-up capital of TCSB shall be RM1,325,000 divided into 1,325,000 ordinary shares of RM1.00 each in TCSB ("TCSB Shares") ("Initial Capital"). Pursuant thereto, ROJV and Regal shall subscribe for TCSB Shares in the following proportion ("Shareholding Proportion"): Shareholder Shareholding in TCSB No. of TCSB Shares % ROJV 675,750(1) 51 Regal 649,250(2) 49 Total 1,325,000 100 Notes:
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Details of the Joint Venture. 2.1 Salient terms of the JVA
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Details of the Joint Venture. 3.1 Salient Terms of the JVA
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Details of the Joint Venture. 3.1 BASB is a private company incorporated in Malaysia under the Companies Act, 1965 (“the Act”) on 20 September 2011 with an authorised share capital of RM100,000 comprising 100,000 ordinary shares of RM1.00 each, all of which have been issued and fully paid-up. The principal activity of BASB is property development.
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Details of the Joint Venture. 2.1 The SHA The SHA sets out certain key terms and conditions regulating (i) the affairs of Venture Valley, such as the management and control of Venture Valley, as well as the rights and obligations of the shareholders of Venture Valley; and (ii) the operations and conduct of the Joint Venture Business (as defined below).
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Details of the Joint Venture. 2.1.1 VMSB is a mining contractor operating and managing mining concessions in Malaysia and has procured the rights from AM Nusa Sdn. Bhd. (Company No.: 718742-A) (“ANSB” or “the Mine Owner”) to carry out the Joint Venture Activities pursuant to the Mining Concessions (defined hereafter) vide a Mining Agreement (‘Perjanjian Melombong’) dated 1 June 2014 (“the Mining Agreement”). Under the Mining Agreement, the Mine Owner shall be entitled to a thirty per centum (30%) payment from the value of the Products derived from the Land.
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Details of the Joint Venture 
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Related to Details of the Joint Venture

  • No Joint Venture Nothing contained in this Agreement (i) shall constitute the Administrator and either of the Issuer or the Owner Trustee as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such on any of them or (iii) shall be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the others.

  • Not a Joint Venture Nothing in the Contract shall be construed as creating or constituting the relationship of a partnership, joint venture, (or other association of any kind or agent and principal relationship) between the parties thereto. Each party shall be deemed to be an independent contractor contracting for goods and services and acting toward the mutual benefits expected to be derived herefrom. Neither Contractor nor any of Contractor's agents, servants, employees, subcontractors or contractors shall become or be deemed to become agents, servants, or employees of the State. Contractor shall therefore be responsible for compliance with all laws, rules and regulations involving its employees and any subcontractors, including but not limited to employment of labor, hours of labor, health and safety, working conditions, workers' compensation insurance, and payment of wages. No party has the authority to enter into any contract or create an obligation or liability on behalf of, in the name of, or binding upon another party to the Contract.

  • Joint Venture Nothing contained in this Agreement shall be construed as creating a joint venture, partnership, agency or employment relationship between Plan and Controlled Affiliate or between either and BCBSA.

  • Joint Venture, Consortium or Association 6.1 If the Supplier is a joint venture, consortium, or association, all of the parties shall be jointly and severally liable to the Procuring Entity for the fulfilment of the provisions of the Contract and shall designate one member of the joint venture, consortium, or association to act as a leader with authority to bind the joint venture, consortium, or association. The composition or the constitution of the joint venture, consortium, or association shall not be altered without the prior written consent of the Procuring Entity.

  • Joint Ventures The joint venture or partnership arrangements in which the Company or the Partnership is a co-venturer or general partner which are established to acquire or hold Assets.

  • No Joint Venture or Partnership Each Borrower and Lender intend that the relationship created hereunder be solely that of borrower and lender. Nothing herein is intended to create a joint venture, partnership, tenants-in-common, or joint tenancy relationship between any Borrower and Lender nor to grant Lender any interest in any Individual Property other than that of mortgagee or lender.

  • Partnership The Partnership shall be given days’ notice to purchase the ownership interest under the same terms agreed upon by the potential buyer.

  • No Partnership or Joint Venture Neither the Trust, the Fund nor the Adviser are partners of or joint venturers with each other and nothing herein shall be construed so as to make them such partners or joint venturers or impose any liability as such on any of them.

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