OPERATIONS OF THE JOINT VENTURE Sample Clauses

OPERATIONS OF THE JOINT VENTURE. 13 5.1 Provision of Administrative Services; Compensation 13 5.2 Litigation 13 5.3 Access 13 5.4 Cooperation 13
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OPERATIONS OF THE JOINT VENTURE. (a) The Joint Venture will be managed by a five member Board of Directors. Three of the Board Members will be appointed by Bream and two of the Board members will be appointed by Sino-Top. Ixx Xxxx shall serve as chairman of the Board and Sino-Top shall be permitted to name two members. The initial designees shall be Mx. Xxxx Hxxx Xxxx and Mx. Xxxx Xiang Ping. A quorum will be present if at least a majority of the Board members are present. Board meetings may be conducted either in person or via telephone provided at least five days written notice is provided.
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OPERATIONS OF THE JOINT VENTURE. 4.1 PROVISION OF ADMINISTRATIVE SERVICES; COMPENSATION.
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OPERATIONS OF THE JOINT VENTURE 
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Related to OPERATIONS OF THE JOINT VENTURE

  • 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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