PURPOSE AND SCOPE OF BUSINESS. The purpose of the Company is to engage in any lawful act or activity for which a limited liability company may be organized under the Act. Subject to the terms and conditions of this Agreement, the Company shall have the power and authority to do all such acts and things as are permitted and authorized under the Act and as may be necessary, desirable, expedient, convenient for, or incidental to, the furtherance and accomplishment of the foregoing objective and purpose and for the protection and benefit of the Company.
PURPOSE AND SCOPE OF BUSINESS. 4.1 The Purpose of the Company With the desire to strengthen the economic and technical cooperation between the Parties, the purpose of the Company will be to use advanced and available techniques and scientific management methods to improve the SGT, develop new products, and enable competitiveness in quality and price in the international market; to be compatible with the needs of the Chinese clean coal chemical development, and to satisfy the gradually increasing market demand for clean energy; enable economical and clean conversion of SGT Feedstock into syngas for the production of a variety of high value products such as chemicals, power, transportation fuels, direct reduced iron (DRI) steel, fertilizers, synthetic natural gas (SNG) and industrial fuels through the efficient collaboration of THVOW which, has a strong capability in coal chemical equipment manufacturing, ICCDI’s capability on design, engineering and related services in China, and SESHK’s advanced SGT which has been utilized in industrial gasification projects. The Company aims to make the SGT the primary gasification technology in the Territory, through its scientific business management.
PURPOSE AND SCOPE OF BUSINESS. 4.1 The purpose of the Joint Venture shall be to strengthen economic cooperation and technical exchanges, to satisfy the electricity requirements of the Chinese Party, to improve power supply and promote the development of the economy in Henan Province by adopting advanced and appropriate technology and scientific management methods, and to continuously raise the economic efficiency of the Joint Venture and ensure satisfactory economic benefits for each Party.
PURPOSE AND SCOPE OF BUSINESS. 4.1 Purpose of the CJV The purpose of the CJV is as follows:
PURPOSE AND SCOPE OF BUSINESS. 2.4.1 All Partners of this Limited Partnership establish this Partnership in order to make equity investment in store companies by such means as agreed in this Agreement and to realize good returns on investment for all Partners. The contributions paid by the Partners shall only be used for the said investment objectives or necessary liquidity investment. Without the consent of all Partners, the Limited Partnership shall not use the contributions for other investments. Unless otherwise agreed in this Agreement, the Limited Partnership shall not use the distributable cash gained from investment for re-investment except liquidity investment.
PURPOSE AND SCOPE OF BUSINESS. 5.1 The purpose of the Company shall be to utilize the combined technological, management, operational and marketing strengths of the Parties within the approved scope of business of the Company to achieve good economic results and a return on investment satisfactory to the Parties. It is the Parties' vision to work together in a stable long-term relationship, beneficial to both Parties, especially in order to assume together a significant role in the Chinese CRM market.
PURPOSE AND SCOPE OF BUSINESS. The business purpose of the Company shall be to engage solely in the following activities, all in accordance with this Agreement: (i) purchasing, financing, developing, marketing and selling the Project and the real estate subject thereof, (ii) performing its obligations under agreements, instruments or other documents to which it is a party, including any purchase agreement, loan agreement, and agreements with contractors and consultants in connection with the Project, and (iii) engaging in those activities, including execution of agreements, that are necessary or desirable to accomplish the foregoing or are incidental thereto.
PURPOSE AND SCOPE OF BUSINESS. The purpose and scope of business for the Joint Venture shall be mineral exploration, development, production and processing. The Joint Venture shall undertake Operations with a view to the creation and operation of fully integrated mining, milling and processing facilities on the Properties subject to this Contract and without limitation, initially with a view to delineating one or more ore deposits amenable to commercial development by the Joint Venture, to thereafter undertake further exploration drilling and sampling to confirm the size and extent of the potential ore deposits and undertake development and mining and metallurgical testwork to analyze alternative mining and milling methods, recovery rates, grades and products related to commercial exploitation of the ore deposits delineated and thereafter to construct and operate mines, millx xxx other processing facilities as necessary to produce Products from the Properties subject to this Contract. 18 10.
PURPOSE AND SCOPE OF BUSINESS. 4.1 The purpose of the joint cooperation is : To enable the Parties hereto to achieve satisfactory economy benefits through the strengthening of the cooperation between the Parties, efficiently using the advantages of the Parties and adopting scientific management experience and advance techniques.
PURPOSE AND SCOPE OF BUSINESS. Article 6. The objective of the parties to the Joint Venture is to introduce the world's most developed consumption value-added theory and management methods, create the new wealth with innovative business model, <PAGE> promote the sufficiency of consumer capital, and gain a competitive position in the world's consumer market, so as to maximize economic benefits for the parties to the Joint Venture.
