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.
Appears in 4 contracts
Samples: Joint Venture Agreement (New Dragon Asia Corp), Joint Venture Agreement (New Dragon Asia Corp), Joint Venture Agreement (New Dragon Asia Corp)
Duration of the Joint Venture. 15.1 The duration of the Joint Venture is 50 thirty years. The establishment date of establishment the Joint Venture shall be the date on which the business license of the Joint Venture is issued. An application for the issuing date extension of the business license.
15.2 Under the suggestion by any party, the Joint Venture may apply to approval authority for an extension duration of the Joint Venture's duration within 6 , as proposed by one Party and unanimously approved by the Board of Directors, shall be submitted to the Ministry of Commerce (or the examination and approval authority entrusted by it) six months prior to the expiration upon a unanimous approval expiry date of the BoardJoint Venture.
Appears in 2 contracts
Samples: Joint Venture Contract (Terra Nostra Resources Corp.), Joint Venture Contract (Terra Nostra Resources Corp.)
Duration of the Joint Venture. 15.1 The duration of the Joint Venture is 50 fifteen years. The establishment date of establishment the Joint Venture shall be the date on which the business license of the Joint Venture is issued. An application for the issuing date extension of the business license.
15.2 Under the suggestion by any party, the Joint Venture may apply to approval authority for an extension duration of the Joint Venture's duration within 6 , as proposed by one Party and unanimously approved by the Board of Directors, shall be submitted to the Ministry of Commerce (or the examination and approval authority entrusted by it) six months prior to the expiration upon a unanimous approval expiry date of the BoardJoint Venture.
Appears in 1 contract
Samples: Joint Venture Contract (Terra Nostra Resources Corp.)
Duration of the Joint Venture. 15.1 Article 11.1 The duration of the Joint Venture is 50 thirty years. The establishment date of establishment the Joint Venture shall be the date on which the business license of the Joint Venture is issued. An application for the issuing date extension of the business license.
15.2 Under the suggestion by any party, the Joint Venture may apply to approval authority for an extension duration of the Joint Venture's duration within 6 , as proposed by one Party and approved by the Board of Directors, shall be submitted to the Ministry of Commerce (or the examination and approval authority entrusted by it) six months prior to the expiration upon a unanimous approval expiry date of the BoardJoint Venture.
Appears in 1 contract
Samples: Joint Venture Contract (Terra Nostra Resources Corp.)
Duration of the Joint Venture. 15.1 13.1 The duration of the Joint Venture is 50 shall be 30 years. The date of establishment of the Joint Venture is shall be the issuing date of issuance of the business license.
15.2 Under the suggestion by any party, the Joint Venture may apply to approval authority for an extension . The duration can be prolonged if one Party suggests it before six months of the Joint Venture's duration within 6 months prior to expiring date and if it is approved by the expiration upon a unanimous approval Board of the BoardDirectors.
Appears in 1 contract
Samples: Joint Venture Agreement (General Steel Holdings Inc)
Duration of the Joint Venture. 15.1 Article Forty-three The duration of the Joint Venture joint venture company is 50 10 years. The date of establishment of the Joint Venture is joint venture company shall start from the issuing date on which the business license of the business licensejoint venture company is issued.
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.
Appears in 1 contract
Samples: Joint Venture Agreement (Asia Electronics Holding Co Inc)
Duration of the Joint Venture. 15.1 13.1 The duration of the Joint Venture is 50 yearsshall be 30 years from the stated date of establishment. The date of establishment of the Joint Venture is shall be the issuing issuance date of the business license.
15.2 Under the suggestion by any party, . The duration of the Joint Venture may apply can be extended by either Party through a written proposal submitted to approval authority for an extension the Board of the Joint Venture's duration within 6 Directors at least six (6) months prior to the stated expiration upon a unanimous approval date. Approval of the Boardduration of the Joint Venture can only be determined by a vote at the shareholder meeting.
Appears in 1 contract
Samples: Joint Venture Agreement (General Steel Holdings Inc)
Duration of the Joint Venture. 15.1 12.1 The duration of the Joint Venture is 50 will be 20 years. The date of establishment of the Joint Venture is will be the issuing date of issuance of the business license.
15.2 Under the suggestion by any party, . The duration of the Joint Venture may apply can be prolonged if either Party herein submits a written proposal to approval authority for an extension the Board of Directors before six (6) months of the Joint Venture's duration within 6 months prior to the expiration upon a unanimous approval expiring date of the BoardAgreement and it is approved by the Board of Directors.
Appears in 1 contract
Samples: Joint Venture Agreement (General Steel Holdings Inc)