Investment in Joint Venture Sample Clauses

Investment in Joint Venture. Our 50% equity investment in a joint venture at our Kashima site is accounted for under the equity method with our share of the operating results of the joint venture recorded in earnings in joint venture in the accompanying statement of operations.
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Investment in Joint Venture. The Board of Directors (the “Board”) of Digiland International Ltd. (the “Company”, and collectively with its subsidiaries, the “Group”) is pleased to announce that the Company has incorporated a joint venture company, International Energy Group Pte. Ltd. (“IEGPL”), together with Xx Xxx Xxx Xxxx (“Xx Xxx”). The percentages of shareholding held by the Company and Xx Xxx are 19.9% and 80.1% respectively. Details of IEGPL are as follows: Name of Company : International Energy Group Pte. Ltd. Place of incorporation : Republic of Singapore Principal activities : Investment holdings and trading of petroleum and petrochemical products Paid-up and issued capital : S$100,000 divided into 100,000 ordinary shares IEGPL is primarily involved in three main types of oil trading, namely, feedstock supply, cargo trading (fuel oil and crude oil) as well as ex-wharf trading. The investment in IEGPL was funded through the Company’s internal resources and is not expected to have any material impact on the net earnings per share or the net tangible assets per share of the Company for the financial year ending 30 June 2015 (“FY2015”). None of the Directors or Controlling Shareholders of the Company or their respective associates has any interest, direct or indirect, in the above transaction.
Sample 1
Investment in Joint Venture. Invest in a joint venture; provided that, un- less otherwise permitted by the Board, not more than 10 percent of the joint venture’s consolidated assets or con- solidated revenues are attributable to activities not listed in § 211.10 of this part; and
Sample 1
Investment in Joint Venture. The Company and a State Owned Enterprise ("SOE') in the PRC have established a co-operative joint venture, Anhui Richer Mines Co. Ltd.(“Anhui Richer”). The Company has undertaken to contribute to Anhui Richer, U.S. $5,800.000 in cash or mining equipment on account of its 80% interest and the SOE has undertaken to contribute U.S. $1,450,000 to Anhui Richer by transferring assets less liabi1ities relating to the MC1gushan Copper and Molybdenum Mine and ti1e Xuanzhou Iron and Sulphur Mine for a 20% interest. The operation of the Magushan Copper and Molybdenum Mine and the Xuenzhou Iron and Sulphur Mine by Anhui Richer requires the transfer of certain mining permits to Anhui Richer. The mines are currently operated by the SOE on behalf of and for the benefit of Anhui Richer. Until such time as the Company invests a total of U.S. $5,800,000, its entitlement to share in the distribution of profits of Anhui Richer is restricted to its actual relative financial contribution to Anhui Richer. To April 30, 2000, the Company has contributed U.S. $171,924 (October 31,1999 - $71,754; October 31,1998 - $20,268). The Company is accounting for its investment in Anhui Richer on the cost basis until such time as the capital contributions have been made and the transfer of assets and assumption of liabilities have been completed following receipt of all necessary approvals from authorities in the PRC.
Sample 1

Related to Investment in Joint Venture

  • Investments; Joint Ventures Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, make or own any Investment in any Person, including any Joint Venture, except:

  • 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.

  • 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.

  • Subsidiaries; Joint Ventures Schedule 4.12 contains a complete and accurate list of (a) all Subsidiaries of the Borrower, including, with respect to each Subsidiary, (i) its state of incorporation, (ii) all jurisdictions (if any) in which it is qualified as a foreign corporation, foreign limited liability company or foreign limited partnership, as applicable, (iii) the number of shares of its Capital Stock outstanding, (iv) the number and percentage of its shares of Capital Stock owned by the Borrower and/or by any other Subsidiary and (v) whether such Subsidiary is a Guarantor or an Unrestricted Subsidiary (and, if it is an Unrestricted Subsidiary, whether it is a Financial Services Subsidiary), and (b) each Joint Venture, including, with respect to each such Joint Venture, (i) its jurisdiction of organization, (ii) all other jurisdictions in which it is qualified as a foreign entity and (iii) the number and percentage of its shares of Capital Stock owned by the Borrower and/or by any other Subsidiary. All the outstanding shares of Capital Stock of each Subsidiary of the Borrower are validly issued, fully paid and nonassessable, except as otherwise provided by state wage claim laws of general applicability. All of the outstanding shares of Capital Stock of each Subsidiary owned by the Borrower or another Subsidiary as specified in Schedule 4.12 are owned free and clear of all Liens, security interests, equity or other beneficial interests, charges and encumbrances of any kind whatsoever, except for Permitted Liens. Neither the Borrower nor any other Loan Party owns of record or beneficially any shares of the Capital Stock or other equity interests of any Subsidiary that is not a Guarantor, except Unrestricted Subsidiaries.

  • 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.

  • Formation of Joint Venture The JV Parties hereby jointly enter into and form this Joint Venture, for the limited purpose and scope set herein, pursuant to the laws of the State of California and the terms of this Agreement. Notwithstanding the foregoing, except as otherwise expressly provided in this JV Agreement or by other written agreement executed by the JV Parties, no JV Party shall have the authority to act for or to assume any obligations or responsibilities on behalf of any other JV Party. Each of the JV Parties acknowledges and agrees that the creation of the Joint Venture shall be purely contractual in nature, and that (i) the Joint Venture shall not constitute the creation of any separate limited liability company, partnership or other legal entity and (ii) other than as specifically provided herein, neither SMK nor the Investor shall be required to make any filing with, or obtain any consent from, the State of California or any other governmental body, in each case, in order for the Joint Venture to commence and for the JV Parties to be contractually bound by this JV Agreement.

  • 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.

  • Partnerships and Joint Ventures No Loan Party shall become a general partner in any general or limited partnership or a joint venturer in any joint venture.

  • Subsidiaries and Joint Ventures Create, acquire or otherwise suffer to exist, or permit any Subsidiary of such Borrower to create, acquire or otherwise suffer to exist, any Subsidiary or joint venture arrangement not in existence as of the date hereof, except in connection with a Permitted Acquisition.

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