Joint Investment. The Investor may include one additional Investor to invest under this Agreement jointly:
Joint Investment. The Investor may include one additional Investor to be jointly represented by the Company:
Joint Investment. Notwithstanding the provisions of Section 8.1, the property in the Fund may be invested and reinvested jointly with property of CCS that is not part of the Fund. If such investment of Fund properties with non-Fund properties occurs, adequate records shall be maintained by the Trustee from which the specific identity of the assets of the Fund and the income earned and attributable to such assets can be ascertained.
Joint Investment. SUB-LICENSEE INVESTMENT:
Joint Investment. Chinalco has created a special purpose vehicle company in Singapore (“SPV”) with the intent to acquire up to 14.9% of the ordinary shares (including any American Depositary Shares) of Scorpio North (the “Scorpio Interest”). In connection with this, we have discussed the following. Participation with SPV - · Alcoa will loan SPV 5% of the total funds required to purchase the Scorpio Interest. This loan is expected to be approximately US$1.0 billion, but will not exceed US$1.2 billion. · Upon receipt of all necessary governmental approvals, Alcoa will convert the loan into SPV equity shares in the same proportion as the percentage of equity to debt as Chinalco maintains in SPV. For example, if, as expected, Chinalco funds SPV using 30% equity and 70% debt and Alcoa’s loan is US$l billion, then US$300 million of Alcoa’s loan would be converted to equity in SPV and US$700 million would remain as debt. · Alcoa will have the option to convert additional portions of the loan, and/or to loan additional funds as agreed by the parties. · The interest obligation on the non-converted portion of the loan would be separately funded by Alcoa, if necessary, by additional contributions to SPV by Alcoa. · Alcoa would not, as an equity owner of SPV, be obligated for any repayment of interest on the remaining debt or obligations of SPV, unless otherwise agreed as part of the exercise of Alcoa’s option. · The loan by Alcoa to SPV would be secured by SPV’s Scorpio shares. · Alcoa may at its option exit SPV at any time after an agreed upon initial holding period. Upon such exit or other liquidation or dissolution of SPV, one of the following will occur, at Chinalco’s option: (i) SPV will distribute in kind to Alcoa a number of Scorpio shares held by SPV in an amount proportionately equivalent to Alcoa’s total debt and equity interest in SPV (the “Equivalent Scorpio Shares”) or (ii) Chinalco or SPV will purchase Alcoa’s debt and equity interest in SPV at a price equal to the then current market value of the Equivalent Scorpio Shares. · Alcoa will bear the market risk of the value of the Equivalent Scorpio Shares. Initial Implementation of the Cooperation The attached form of a Convertible Note will be executed by Alcoa and SPV with this MOU for the initial loan by Alcoa to SPV to implement the acquisition of the Scorpio Interest. Next Steps Subsequent to this Memorandum, the parties will enter into a binding shareholder agreement setting forth the governance provisions of SPV, inc...
Joint Investment. All Partners of this Limited Partnership hereby agree that on the premise of complying with relevant laws and regulations the Managing Company shall have the authority to distribute the 20% of the available part of the Limited Partnership’s investment amount towards the Portfolio Company to the Managing Team’s members or the connected entities set up by the members, and the foregoing 20% shall be used to make investments by the Managing Team’s members or the connected entities and the Limited Partnership. The specific distributive shares shall be determined by the Investment Committee.
Joint Investment. 13.1. 13.1. In the event the Service Provider wishes to investment in any of the Experimenter's to whom the Arena has provided the Arena's Services, including in a corporation related to the Experimenter, including by way of acquiring shares and / or other rights in the Experimenter and / or providing a loan and / or in any manner (hereinafter: "Investment"), The service provider shall be required to submit a detailed report regarding the investment being considered by it to the Steering Committee (hereinafter: the "Report"). Any member of the Steering Committee may require clarification and / or obtaining additional details regarding the Investment which were not included in the Report.
