JOINT VENTURE CONTRACT Sample Clauses

JOINT VENTURE CONTRACT. CAPITAL CONTRIBUTION SCHEDULE

JOINT VENTURE CONTRACT. A copy of the shareholders agreement (“Joint Venture Contract”) in the form attached as Exhibit B hereto shall have been delivered to the Subscriber, duly executed by the Subscriber and Nxxxxx Xxxxx.

JOINT VENTURE CONTRACT. Syntone shall have caused its Affiliate, Syntone Technologies Group Co., Ltd., to duly execute and deliver the Joint Venture Contract and any other necessary application documents to Outlook, and subject to execution by Outlook, such agreement shall be in full force and effect.

JOINT VENTURE CONTRACT. If any Party does not perform the above undertakings and representations, it shall be considered a breach of this Contract.

JOINT VENTURE CONTRACT. 8.02 Distribution and Sales - Wafer Fab Products (a) The Wafer Fab Products listed in Appendix A will be sold exclusively to the parties or their affiliates. However, the Company may sell such New Products on the open market if the Board agrees such sales are in the best interests of the Company. (b) For the first three years of operation of the Wafer Fab, the pricing for wafer fab products will be set at the lower of (1) prices that are calculated to generate a return on invested equity equal to the weighed average annual interest rate of borrowing of the Company as determined by the Board at the end of each fiscal year plus 6% or (2) the cost at which such products could be purchased from an unrelated third party in an arm's-length transaction. Thereafter, pricing will be set at a level that generates a return on invested equity equal to the weighed average annual interest rate of borrowing of the Company as determined by the Board at the end of each fiscal year plus 6%. (c) Each party will have the right to purchase Wafer Fab Products from the Company in proportion to their respective equity interests therein. In order to exercise such right, each party will commit at least one year in advance to purchase specified amounts of Wafer Fab Products. If a party fails to purchase any of its committed amount, then it shall pay the Company an underutilization charge as defined in the Board Resolution dated May 16, 2002. In addition, once a party makes a commitment to purchase a given amount of Wafter Fab Products, it may not reduce such amount in any subsequent year, except if (a) such reduction is caused by the exercise by either of the other parties of its right to regain its share of the total production capacity as set out in Section 8.02d, or (b) either of the other parties agrees to take over the reduced amount. (d) If in any year a party does not commit to purchase all the Wafer Fab Products it is entitled to purchase (such party a "Declining Party"), each of the other parties will have the right to commit to purchase a pro rata portion (based on such party's registered capital in the Company, calculated for such purpose not taking into account the equity owned by the Declining Party) of such New Products. A Declining Party may upon one year's advance notice regain its share of production. (e) the Company shall increase its production capacity to satisfy the demands of the parties for the Wafer Fab Products. If total demand exceeds the production capacit...

JOINT VENTURE CONTRACT. EQUITY TRANSFER/PLEDGE RULES

JOINT VENTURE CONTRACT. For purposes of this Contract, the Company shall not be deemed as an Affiliate of any Party hereto.

JOINT VENTURE CONTRACT. 5.02 Registered Capital The total amount of registered capital will be One Hundred One Million Eight Hundred and Sixty Thousand United States Dollxxx (XX$000.00 Xxxxxxx). 0.00 Xxxxxxxxxxxxx xx Xxxxxxx (a) Party A's contribution to the registered capital of the Company shall be Thirty-Nine Million Seven Hundred Twenty-Five Thousand and Four Hundred United States Dollars (US$39,725,400), representing a thirty-nine percent (39%) share of the registered capital of the Company. Party A's contribution to the registered capital shall include Thirty-Eight Million Three Hundred Sixty Thousand and Four Hundred Seventy-Seven United States Dollars (US$38,360,477) in cash, equipment valued at Four Hundred Eighty-Three Thousand Nine Hundred and Twenty-Three United States Dollars (US$483,923), the land use rights of a parcel of land located at No. 27, West People's Road, the total area of which is 26,000.00 xxxxxx xxxxxx xxx is valued at Seven Hundred Twenty-One Thousand United States Dollars (US$721,000), and additional land use rights and the building thereon located at No. 27, West People's Road and currently used for Expatrixxx Xxxxxxxxxx xxxxxx xx Xne Hundred Sixty Thousand United States Dollars (US$160,000). (x) Xxxxx X'x xxxxxxxxxxxx xx xxx xxxistered capital of the Company shall be Ten Million One Hundred Eighty-Six Thousand United States Xxxxxxx (XX$00,000,000), xxxxxxxxxxxx x xxx xxxxxxx (00%) share of the registered capital of the Company. (c) Party C's contribution to the registered capital of the Company shall be Fifty-One Million Nine Hundred Forty-Eight Thousand and Six Hundred United States Dollars (US$51,948,600), representing a fifty-one percent (51%) share of the registered capital of the Company. (d) The unpaid registered capital amount as of the date hereof will be paid by installment contribution in accordance with Appendix B. 5.04 Payment of Registered Capital and Conditions Precedent thereto (a) Subject to Article 5.04(c) below, each Party shall make its contribution to the registered capital of the Company in accordance with the schedule set forth in Appendix B. (b) In the event that a Party fails to make its capital contribution, in whole or in part, in accordance with the provisions of Article 5.04(a) and Appendix B, such Party shall be liable to pay liquidated damages to the Company in the form of simple interest on the unpaid amount from the time due until the time paid at the rate of two percent (2%) above the six-month London Interbank Offe...

JOINT VENTURE CONTRACT benefits approved by the Parties following consultations cannot be obtained after such adjustments are implemented, a Party may terminate this Contract under Article 18.

JOINT VENTURE CONTRACT. General Principles