Duration of the Joint Venture. 15.1 The duration of the Joint Venture is 50 years. The date of establishment of the Joint Venture is the issuing date of the business license.
15.2 Under the suggestion by any party, the Joint Venture may apply to approval authority for an extension of the Joint Venture's duration within 6 months prior to the expiration upon a unanimous approval of the Board.
Duration of the Joint Venture. 18.1 Unless otherwise terminated pursuant to Article 20, the term of the Company shall be thirty (30) years, commencing from the date when its first business license is issued (the “Joint Venture Term”). The duration of the Company shall be from January 13, 2003 to January 12, 2033. The term of the Company may be further extended subject to the mutual written agreement of the Parties and any such extension shall be filed with the SAMR.
Duration of the Joint Venture. This Joint Venture shall commence on the effective date, and shall be valid for a period of 10 (ten) years.
Duration of the Joint Venture. 21.1 Term of the Company and this Contract; Survival
21.1.1 The duration of the Company (the “Company Term”) shall be forty (40) years, starting from the date on which the business license of the Company is issued by the relevant administration of industry and commerce. The Company Term may be extended pursuant to Article 21.2.
21.1.2 The effective term of this Contract shall begin when it is executed by the Parties and approved by the Approval Authority, and shall end when the Company Term ends, or upon dissolution of the Company.
21.1.3 Articles 7.1.2, 20, 21, 22, 23.2, 23.3, 24, 26.1, 27, 28, 29.4, 29.5, 29.6, and 29.7 shall survive the termination of this Contract.
Duration of the Joint Venture. The term of the JV Co. is thirty years from the date on which the Business License is issued.
Duration of the Joint Venture. 14.1 DURATION OF THE COMPANY The duration of the Company (the "Company Term") shall be ten (10) years starting from the date on which the Company is approved by the Approval Authority.
Duration of the Joint Venture. Except as otherwise extended by approval of the JV Shareholders in accordance with the terms of the JV Agreement, the Joint Venture will have a duration of eight years commencing from (and inclusive of) the date of its establishment, of which the first five years represent the Investment Period and the remaining three years represent the Exit Period. Upon expiry of the duration (or extended duration as aforesaid) of the Joint Venture, the Joint Venture will undergo dissolution and liquidation process according to the applicable laws in Taiwan. The JV Board will comprise nine directors with Futai nominating three directors and the remaining six directors to be nominated by other Investors and/or the Joint Managers. The JV Board will establish a project establishment committee and an investment committee, both with each of CCM and HCM nominating an equal number of members. All investment opportunities of the Joint Venture will be subject to assessment and approval by the project establishment committee, the investment committee and the JV Board in accordance with the terms of the JV Agreement. The Joint Venture will have three supervisors, with Xxxxx nominating one supervisor and the remaining two supervisors to be nominated by other Initial Investors in accordance with the terms of the JV Agreement. The general manager of the Joint Venture will be nominated by CCM. The Joint Venture, CCM and HCM will enter into the Management Deed to appoint CCM and HCM as the Joint Managers to provide day-to-day operational and management consultancy services and investment advisory services to the Joint Venture upon and subject to the terms and conditions of the JV Agreement. The duration of the Management Deed shall end on the duration (or extended duration) of the Joint Venture. During the Investment Period, a management fee (inclusive of tax) calculated based on 1.5% per annum of the total capital commitments of the Investors in accordance with the JV Agreement shall be payable by the Joint Venture to the Joint Managers. During the Exit Period, a management fee (inclusive of tax) is calculated based on 1.2% per annum of the total carrying (at cost) amount (deducting any investment amount written-off) of the investments of the Joint Venture not yet realised. In case the total investment income of the Joint Venture (as calculated under the JV Agreement) amounts to the required return of at least 6% per annum (as simple interest) of the total amount of capital contributio...
Duration of the Joint Venture. The Joint Venture shall commence upon ----------------------------- the date of execution of this Agreement, and shall continue until December 31, 2032 or until its earlier termination in accordance with the provisions of Section 14 of this Agreement.
Duration of the Joint Venture. The Joint Venture shall commence on the date of filing of the Certificate of Limited Partnership in the Office of the Secretary of State of the State of Delaware and shall continue until its termination in accordance with the provisions of Article XIII.
Duration of the Joint Venture. Chapter 16 The Disposal of Assets after Expiration of the Duration Chapter 17 Insurance Chapter 18 The Amendment, Alteration and Discharge of the Contract Chapter 19 Liabilities for Breach of Contract Chapter 20 Applicable Law Chapter 21 Language
