Managing Venturer. Mieka shall be the Managing Venturer of the Joint Venture, and the address of such Managing Venturer is the address of Mieka as designated above.
Managing Venturer. Although Mieka shall be the initial Managing Venturer of the Joint Venture, the Joint Venture and all of its affairs, property, business, and Operations shall be managed and controlled by the Venturers. Subject to a contrary Vote, the Venturers expressly delegate management of the day-to-day Operations of the Joint Venture to the Managing Venturer.
Managing Venturer. ABC, the small business participant, is the Managing Venturer of the Joint Venture.
Managing Venturer the 8(a) participant, is the Managing Venturer of the Joint Venture.
Managing Venturer. TransCoastal shall be the Managing Venturer of the Joint Venture, and the address of such Managing Venturer is the address of TransCoastal as designated above.
Managing Venturer. TransCoastal shall be the Managing Venturer of the Joint Venture. The Joint Venture and all of its affairs, property, business, and Operations shall be managed and controlled by a majority of the Venturers. The Venturers expressly delegate management of the day-to-day Operations of the Joint Venture to the Managing Venturer. It is agreed by the Venturers that the officers of the Managing Member shall also be officers of the Joint Venture.
Managing Venturer. From the date of this Addendum, Transeastern shall be the Managing Venturer, and in such capacity shall have the following responsibilities and all authority necessary to the performance of such responsibilities:
Managing Venturer. Cycurion is the Managing Venturer of the Joint Venture.
Managing Venturer. The day-to-day business of the Venture will be ----------------- managed by a Managing Venturer who will initially be NGP. Subject to the restrictions of Section 9.2, the Managing Venturer will without compensation or reimbursement for its internal overhead provide proper management of the affairs of the Venture and shall have the management and control of the day-to-day activities of the Venture and the authority and responsibility to represent it. Without limiting the generality of the foregoing, the Managing Venturer shall maintain or cause to be maintained the books and records of the Venture, prepare or cause to be prepared the Venture's income tax returns and act as the "tax matters partner" for the Venture as provided in Section 6221 of the Code, subject to the limitations set forth in Section 9.2(1). The Venture will be responsible to pay all reasonable and necessary third party costs incurred by the Managing Venturer in good faith in connection with the discharge of its management duties, such as fees and costs of attorneys, accountants and other consultants. The Managing Venturer shall deposit all Venture funds in an interest bearing bank account in the name of the Venture at Bank of America or any other bank with at least $1 billion in assets and shall not commingle the Venture's funds with any other funds. The Managing Venturer will make distributions monthly to the Venturers in accordance with Section 11.6. The Managing Venturer shall at all times enforce in good faith the Venture's rights under the Operating Lease. In the event of any dispute between the Venturers regarding whether the Managing Venturer has enforced the Venture's rights under the Operating Lease in good faith, such dispute will be submitted to binding arbitration before a single arbitrator in the Los Angeles office of the American Arbitration Association under its Commercial Arbitration Rules. The arbitrator's role will be limited to deciding whether the Managing Venturer has enforced the Venture's rights under the Operating Lease in good faith. In no event shall the arbitrator substitute his or her business judgment for that of the Managing Venturer. If the arbitrator finds that the Managing Venturer has acted in good faith in enforcing the Venture's rights under the Operating Lease, then the Venturer(s) who contested the Managing Venturer's good faith will be responsible for all costs and fees incurred in connection with the arbitration including, without limitation, the at...
Managing Venturer. The day to day business affairs of the Venture ------------------ shall be managed by the Managing Venturer. Joe Carter shall serve as thx Xxxxxxxx Venturer of the Venture, and accordingly, shall implement or cause to be implemented the decisions approved by the Board and the Venturers, and otherwise administer the day-to-day affairs of the Venture, pursuant to the terms and conditions of an Administrative Management Agreement (the "Management Agreement"), to be entered into by the Venture and Joe Carter, wherein he will bx xxxx xxx his management services in accordance with a provision for a yearly consulting fee (inclusive of his costs) of $120,000 and an incentive compensation plan to be shared with the Marketing Manager of up to 10% of the Net Income of the Joint Venture operations.
