Common use of Duration of the Joint Venture Clause in Contracts

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.

Appears in 4 contracts

Samples: New Dragon Asia Corp, New Dragon Asia Corp, New Dragon Asia Corp

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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 extension of the duration of the Joint Venture, 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 expiry date of the business licenseJoint Venture.

Appears in 2 contracts

Samples: Shandong Terra (Terra Nostra Resources Corp.), Terra Nostra Resources Corp.

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.

Appears in 1 contract

Samples: Asia Electronics Holding Co Inc

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 extension of the duration of the Joint Venture, 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 expiry date of the business licenseJoint Venture.

Appears in 1 contract

Samples: Terra Nostra Resources Corp.

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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. The duration of the Joint Venture can be prolonged if either Party herein submits a written proposal to the Board of Directors before six (6) months of the expiring date of the Agreement and it is approved by the Board of Directors.

Appears in 1 contract

Samples: Joint Venture Agreement (General Steel Holdings Inc)

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