Joint Venture Business Sample Clauses

Joint Venture Business. 6.6.1 Media Port and Charm shall jointly and severally procure Media Port, Charm and their Affiliates to complete their obligations set out in Clause 6.5 above to the effect that sufficient client agreements or arrangements have been referred or transferred to Beijing Vizeum and/or any of PAL’s Affiliates which would yield to Beijing Vizeum and/or any of PAL’s Affiliates revenues in the calendar year ended 31 December 2010 of ***** or more (representing 60% of the total revenue target for the Company for 2010) (“Charm Revenue Contribution”) on an annualized basis for agreements or arrangements terminating after 31 December 2010 and during the life of the agreement for agreements or arrangements terminating within 2010; (for the avoidance of doubt, the revenue yielded to Guangdong Carat China Media Services (China) Ltd. in the calendar year ended 31 December 2010 resulted from the clients referred by Media Port and/or Charm shall be included when calculating the Charm Revenue Contribution). If, before May 1, 2010, Media Port and Charm have not referred or transferred sufficient client agreements or arrangements to Beijing Vizeum and/or any of PAL’s Affiliates which would yield to Beijing Vizeum and/or any of PAL’s Affiliates revenues in the calendar year ended 31 December 2010 ***** or more, and such failure is not cured by Media and Charm within thirty (30) days after their receipt of written notice of such failure issued by PAL, Media Port and Charm shall be and shall be deemed to have been in material breach of this Agreement. 6.6.2 PAL and Aegis shall, jointly and severally, maintain the clients listed in Schedule 3 as at the Closing Date – Beneficial Interest or substitute such other sufficient client relationships to Beijing Vizeum which would yield to Beijing Vizeum revenues in the calendar year ended 31 December 2010 of ***** or more (representing 40% of the total revenue target for the Company for 2010) on an annualized basis for arrangements terminating after 31 December 2010 and during the life of the arrangement for arrangements terminating within 2010.
Sample 1Sample 2
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Joint Venture Business. For the purposes of this Agreement, “Joint Venture Business” has the meaning set forth in this Section 3.2.
Sample 1
Joint Venture Business. Joint Venture Business means originating, servicing and/or selling conventional, sub-prime, FHA, VA, MSHDA and other Mortgage Loans (Including CRA Products and Non-Competing Home Equity Products) secured by real estate located in the Joint Venture Territory, all of which close in the name of, and are funded by, the Company. For purposes of this definition, originating does not include brokered transactions or purchasing or obtaining assignments of Mortgage Loans from mortgage brokers or correspondent lenders.
Sample 1
Joint Venture Business. 1.01 Party A and Party B (hereinafter called "the Joint Venture Partners") agreed to set up a Joint Venture Company on equity basis in the country of the Republic of Indonesia and to carry out the business of coal mining and export. 1.02 Party A owns and/or controls the right of concession on coal mines in the territory of the Republic of Indonesia which has proven reserve of coal of approximately 730 (seven hundreds and thirxx) xxxxxxxx xxxx. 1.03 After signing of this Joint Venture Agreement, Party A and Party B will be at their best effort to apply to the Government of Indonesia for the establishment of a Joint Venture Company with the terms and conditions as described below:
Sample 1
Joint Venture Business. 1.01 Party A and Party B (hereinafter called “the JV Partners”) agree to operate the Company on an equity Joint Venture basis. The Company was formed in September 2005 and is currently a company registered in the country of the Republic of Indonesia and engaged in the business of coal mining and export. 1.02 Party A owns and/or controls the Company which has the right of concession on coal mines in the territory of East Kalimantan of the Republic of Indonesia which has a right(s) of concession on a total area of 19,191 hectares and an estimated saleable reserve of coal of approximately 22 (twenty two) millions tons (the Concessions). A certified list of licenses and their renewals dated 26 April 2006 is attached with this agreement. 1.03 Party B is a company incorporated BVI and is a 100% subsidiary of NT Holdings of which the shares are listed on the Nasdaq OTC BB market. 1.04 Both Party A and B agree that the value of the Company, with its rights to exploit the Concessions, access to operating infrastructure and equipment, is USD2,000,000, this valuation being subject to a due diligence review by Party B on the Company’s legal rights of exploitation and related documents. 1.05 After signing this Joint Venture Agreement, Party A and Party B will use their best endeavors to apply to the Government of Indonesia for the transfer of shares of the Company from Party A to Party B to reflect the terms and conditions as agreed below:
Sample 1

Related to Joint Venture Business

  • 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 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.

  • 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.

  • Joint Venture Nothing contained in the Agreement shall be construed as creating a joint venture, partnership, agency or employment relationship between Plan and Controlled Affiliate or between either and BCBSA.

  • Not a Joint Venture Nothing in the Contract shall be construed as creating or constituting the relationship of a partnership, joint venture, (or other association of any kind or agent and principal relationship) between the parties thereto. Each party shall be deemed to be an independent contractor contracting for goods and services and acting toward the mutual benefits expected to be derived herefrom. Neither Contractor nor any of Contractor's agents, servants, employees, subcontractors or contractors shall become or be deemed to become agents, servants, or employees of the State. Contractor shall therefore be responsible for compliance with all laws, rules and regulations involving its employees and any subcontractors, including but not limited to employment of labor, hours of labor, health and safety, working conditions, workers' compensation insurance, and payment of wages. No party has the authority to enter into any contract or create an obligation or liability on behalf of, in the name of, or binding upon another party to the Contract.

  • 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.

  • 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.

  • Subsidiaries, Partnerships and Joint Ventures Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, own or create directly or indirectly any Subsidiaries other than (i) any Subsidiary which is a Regulated Entity, (ii) any Subsidiary which is an Inactive Subsidiary of the Borrower, (iii) Conserve to Preserve Foundation, a non-profit corporation organized under the laws of the State of New Jersey, (iv) any Subsidiary which has joined this Agreement as Guarantor on the Closing Date, (v) any Project Subsidiary, and (vi) any Subsidiary formed after the Closing Date which joins this Agreement as a Guarantor pursuant to Section 11.19 [Joinder of Guarantors]. Each of the Loan Parties shall not become or agree to (1) become a general or limited partner in any general or limited partnership, except that the Loan Parties may be general or limited partners in other Loan Parties, (2) become a member or manager of, or hold a limited liability company interest in, a limited liability company, except that the Loan Parties may be members or managers of, or hold limited liability company interests in, other Loan Parties, or (3) become a joint venturer or hold a joint venture interest in any joint venture, except in each case in respect of a Permitted Related Business Opportunity.

  • Other Business Ventures The Executive agrees that, so long as he is employed by the Company, he will not own, directly or indirectly, any controlling or substantial stock or other beneficial interest in any business enterprise which is engaged in, or competitive with, any business engaged in by the Company. Notwithstanding the foregoing, the Executive may own, directly or indirectly, up to 5% of the outstanding capital stock of any business having a class of capital stock which is traded on any national stock exchange or in the over-the-counter market.

  • Association Business Duly authorized representatives of the Association shall be permitted to transact official Association business on school property at all reasonable times provided that such activities shall not interfere with normal school operations.

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