Objectives of the Joint Venture Sample Clauses

Objectives of the Joint Venture. 2.1 US WEST and UPC are entering into the arrangements set forth in this Agreement with the view to the operation and expansion, ultimately for their joint account, of the Networks and the licenses related thereto (including the Existing Licences). It is the intention of the parties that the Networks shall be built into state-of-the-art, full service networks delivering audiovisual and telecommunications services to businesses and consumers throughout the Greater Amsterdam Area, within the parameters established in the Business Plan.
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Objectives of the Joint Venture. The three Parties regard unanimously the pure electric vehicles as green vehicle products of “Zero Emission and Zero Pollution”. They believe that these types of vehicles have very good prospects provided the obstacles to electric vehicle purchasing by consumers, such as high purchase costs for pure electric vehicle, limited vehicle driving mileage, time-consuming battery charging methods, as well as the inadequate charging facilities, can be adequately addressed. Consequently, to realize the industrialization of pure electric vehicles, the Parties will focus on a new business model of efficient battery replacement service networks to address the issues. To take advantage of the development of Jinhua’s electric vehicle industry and each Party’s development strengths in electric car and power battery industries and to have a good use of their charging facilities, Zhejiang Kandi, Tianneng and Bada Group agreed to establish a battery rental and replacement service company (the name of the newly built company is to be confirmed by “State Administration for Industry & Commerce of China”) to develop a comprehensive operating service network system. This will help to satisfy various needs from clients and customers in both product purchases and servicing. A total of 6 battery charging and replacement stations (5*5 grid intersection layout) are to be established in a regions of approximately 300 km2, offering standard batteries’ leasing, charging, and replacement, as well as recycling services, within Jinhua urban areas through the battery delivery and replacement servicing network. Also, the professional maintenance servicing work and after-sale services will be provided within Jinhua for pure electric car and power battery consumers. All this will promote the industrialization of pure electric vehicle and help to realize its standardization.
Sample 1
Objectives of the Joint Venture. The Parties agree to form a co-operative joint venture constituted as a separate legal person in accordance with the Law of the PRC on Sino-Foreign Co-operative Joint Venture Enterprises and other relevant laws and regulations. The objectives of the Joint Venture are to jointly explore, develop and produce mineral resources using an integrated mining company model which combines exploration, development, and production. The Parties will each use their respective advantages including mineral resources, capital, and technology, to explore, develop, and produce certain mineral properties.
Sample 1

Related to Objectives of the Joint Venture

  • 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.

  • Investments; Joint Ventures Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, make or own any Investment in any Person, including any Joint Venture, except:

  • 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.

  • Other Business Activities of the Holders Each Holder acknowledges that the other Holders may make loans or otherwise extend credit to, and generally engage in any kind of business with, any Borrower Party Affiliate, and receive payments on such other loans or extensions of credit to any Borrower Party Affiliate and otherwise act with respect thereto freely and without accountability, but only if none of the foregoing violate the Mortgage Loan Documents, in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

  • 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.

  • 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.

  • Formation of Joint Venture The Venturers have formed the Venture for the limited purposes and scope set forth below and hereby amend, restate and incorporate the terms of all prior agreements between them.

  • Subsidiaries, Partnerships and Joint Ventures Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to own or create directly or indirectly any Subsidiaries other than (i) any Subsidiary which has joined this Agreement as Guarantor on the Closing Date; and (ii) any Domestic Subsidiary formed or acquired after the Closing Date which joins this Agreement as a Borrower or as a Guarantor, and, to the extent not resulting in material adverse tax consequences, any Foreign Subsidiary formed or acquired after the Closing Date which joins this Agreement as a Borrower or as a Guarantor, in each case by delivering to the Administrative Agent (A) a signed Borrower Joinder or Guarantor Joinder, as appropriate; (B) documents in the forms described in Section 6.1 [First Loans] modified as appropriate; (C) documents necessary to grant and perfect the Prior Security Interests to the Administrative Agent for the benefit of the Lenders in the equity interests of, and Collateral held by, such Subsidiary; and (D) such diligence materials in respect of such Subsidiary (including, without limitation, “know your customer”, liens, ERISA and labor matters) as the Administrative Agent shall reasonably request. Each of the Loan Parties shall not become or agree to become a party to a Joint Venture other than Permitted Investments and other investments permitted pursuant to Section 7.2.4 [Loans and Investments]. For purposes of clarity, any Subsidiary organized under the laws of Canada or any political subdivision thereof that is formed or acquired by the Canadian Borrower after the Closing Date shall join this Agreement as a Guarantor of the Canadian Liabilities in accordance with the terms of this Section 7.2.9.

  • Other Business Activities of the Note Holders Each Note Holder acknowledges that each other Note Holder or its Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, the Mortgage Loan Borrower or any Affiliate thereof, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower (each, a “Mortgage Loan Borrower Related Party”), and receive payments on such other loans or extensions of credit to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

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