Joint Venture Term. The Joint Venture Term established under this Contract shall be fifty (50) years, commencing on March 28, 1995.
Joint Venture Term. The term of the Joint Venture established under this Contract shall commence on the date the Company is granted a Business Licensed and shall terminate sixteen (16) years thereafter (including one year of construction). The fixed assets of the Company will be gratuitously owned by Party A and Party B upon the expiration of the Joint Venture. (including the expiration of the extended term of the JV pursuant to Article 18.02)
Joint Venture Term. 19.1 The Term established under this JV Contract shall be twenty (20) years, commencing from the Establishment Date.
19.2 If the Board approves the extension of the Term, the JV Company shall apply to SAIC for registration of such extension at a time as required under PRC Laws but in no event less than six (6) months prior to the expiration of the Term.
Joint Venture Term. The Joint Venture Term is ten (10) years which will be automatically extended for another five (5) years if neither Party makes any objection to such extension at least six (6) months before expiry of the initial Joint Venture Term. Each Party shall execute the relevant documents, complete the required procedures to formalize the extension of the Joint Venture Term and shall procure that each Director that it appointed will do the same.
Joint Venture Term. The Joint Venture Term of the EJV shall be 10 years from the Establishment Date.
Joint Venture Term. The duration of the Company shall commence on the date of the issuance of the Company’s Business License and continue for a period of 50 (Fifty) years, unless, earlier terminated or further extended as provided herein.
Joint Venture Term. The duration of the JV Company shall commence on the Establishment Date and continue for a period of fifteen (15) years thereafter, unless earlier terminated or further extended as provided herein.
Joint Venture Term. (a) The term of operations of the Company ("Joint Venture Term") shall be thirty years commencing on the Establishment Date.
(b) Prior to expiration of the Joint Venture Term, or any extension thereof, the Parties may agree to extend such term, subject to approval by the Examination and Approval Authority and the relevant requirements of Law. Negotiations for such extension shall begin not later than one year prior to the expiration of the Joint Venture Term (or extension thereof) of the Company and, subject to the successful conclusion of such negotiations, an application for extension shall be filed with the Examination and Approval authority not later than six months prior to the expiration of the Joint Venture Term. Equity Joint Venture Contract
Joint Venture Term. The term of the Joint Venture shall be 25 years, calculated from ---------- the date of issuance of the business license (the "Joint Venture Term"). Upon expiration of the Joint Venture Term, the Parties may agree to continue the joint venture. An application for extension of the joint venture term shall be submitted to the examination and approval authority six months prior to expiration of the term.
Joint Venture Term. 5.1 The Joint Venture Term shall commence on the issuance date of the Business Licence and expire on the date fifty (50) years after the issuance of the Business Licence unless extended pursuant to the provisions of Section 15.2.
5.2 Notwithstanding the provisions of Section 15.1, either Party to this Contract may propose an extension of the Joint Venture Term no later than twelve (12) months before expiration of the Joint Venture Term. If such proposal is accepted by the other Party and approved by the Board, then an application for approval to extend the Joint Venture Term shall be submitted to the Approval Authority one hundred and eighty (180) days prior to the expiration date of the Joint Venture Term. Upon such approval being granted, the JV Company shall proceed with registration formalities to extend the Joint Venture Term.
5.3 If the Joint Venture Term is not extended pursuant to this Section, the Parties shall procure that the Board unanimously agree to dissolve the JV Company.
