Purpose of the JV Company Sample Clauses

Purpose of the JV Company. The business of the JV Company shall be the development and sales, on the Territory, of integrated cost competitive hydrogen fuel cell systems for the designated material handling market, said market covering material handling products in Classes 1 through 5 (the “Project”).
Sample 1
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Purpose of the JV Company. 2.1. Prior to the Effective Date, the JV Company had been jointly owned and operated by VNE and Volvo Cars since its formation, for the purpose of jointly developing and commercializing ADAS and HAD software technologies, including the ownership and licensing of Intellectual Property Rights related thereto. 2.2. As from the Effective Date, the JV Company’s purpose shall be limited to: (a) owning, managing, maintaining, protecting, prosecuting, enforcing and registering the JV Intellectual Property Rights for the benefit of the Shareholders, all in accordance with the terms and conditions of this Agreement and the NDLAs; (b) owning, managing, maintaining, liquidating or disposing as applicable (i) any residual assets, liabilities or contracts not included in the scope of the transfers pursuant to the Transfer Agreements and not subsequently transferred to either VNE or Z2Co as Unidentified Assets (the "Residual Assets"), and (ii) any assets, liabilities and contracts held in trust on behalf of VNE or Z2Co (the "Non-Transferable Assets") in accordance with the process relating to non-transferable assets, non-assumable liabilities and non-assignable contracts set out in the relevant Transfer Agreement(s); and (c) managing, maintaining and ensuring the performance of the (i) Transitional Services Agreement, (ii) the Cooperation and Cost Sharing Agreement, and (iii) the ZeVu License Agreement, as the case may be ((a)-(c) above jointly, the “Business”). Save with the prior consent of both Shareholders, the JV Company shall not operate any business or activities whatsoever outside the Business. 2.3. The Shareholders agree that the terms of this Agreement replace the ones of the Former JVA, which has fully terminated on the Effective Date, provided that such termination shall be without prejudice to any prior breach of the Former JVA. 2.4. The Shareholders agree that the name of the JV Company shall remain “Zenuity AB”. 2.5. The official language of the JV Company shall be English. 2.6. The JV Company shall have its registered office and its principal office in Gothenburg, Sweden. 2.7. The Articles of Association shall provide for a fixed share capital and a fixed number of Shares (and not an interval), and the absolute numbers with respect thereto shall not change unless in accordance with this Agreement. 2.8. The JV Company shall have an issued and fully paid share capital of SEK 500,000, divided into 500,000 Shares, which shall be owned by the Shareholders as f...
Sample 1
Purpose of the JV Company. The purpose of the Parties in establishing the JV Company and in entering into this Contract is to enhance economic co-operation and technical exchanges, by adopting advanced and applicable technology and scientific management methods, so as to improve economic results and ensure satisfactory economic benefits for each investor. .
Sample 1
Purpose of the JV Company. The JV Company will engage in CKD production of Subaru vehicles in Thailand to supplement FHI and the Group’s growing business activities. The JV Company will further reinforce their existing business foundations in Southeast Asia. FHI intends to work with the Group to expand the distribution of Subaru vehicle in the region. The JV Company aims to commence production in 2019. The board of directors of the JV Company will consist of 3 directors. One director will be appointed by FHI and the remaining two directors will be appointed by TCMA. The chairman of the JV Company will be appointed by TCMA. Neither Party may transfer any of its shares in the JV Company to any person without the prior written consent of the other Party.
Sample 1

Related to Purpose of the JV Company

  • Purpose of the Partnership The purpose of the Partnership is to acquire, construct, own and operate the Apartment Housing in order to provide, in part, Tax Credits to the Partners in accordance with the provisions of the Code and the Treasury Regulations applicable to LIHTC and to sell the Apartment Housing. The Partnership shall not engage in any business or activity which is not incident to the attainment of such purpose.

  • Purpose of the Company The purpose of the Company shall be to engage in any lawful business the Company may undertake. In furtherance of its purposes, but subject to the provisions of this Agreement, the Company shall have all powers necessary and appropriate for the accomplishment of such purposes that are conferred to limited liability companies under the Act.

  • Purpose of the Plan The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

  • Purpose of Partnership The exclusive purpose of the Partnership shall be (i) to own and operate those certain restaurants known as Outback Steakhouse® at those addresses listed on Exhibit A, and such additional restaurants, if any, as may be approved by the Company in its sole discretion and as may hereafter be established by the Partnership (individually, the “Restaurant,” or collectively, the “Restaurants”), utilizing the System and the Proprietary Marks owned by or licensed to the Company and (ii) to engage in any other lawful act, business or activity for which limited partnerships may be formed under the Act and engage in any and all activities necessary, advisable, convenient or incidental thereto. The Limited Partners acknowledge and agree that as between the parties hereto, the Company is the sole and exclusive owner of the System and the Proprietary Marks and neither the Limited Partners nor the Partnership have any right, title, or interest in or to the System or the Proprietary Marks, except as specifically provided in Section 4.5 hereof. Nothing contained herein shall be construed as granting the Partnership or any Partner any exclusive or protected trading area. Nothing contained herein shall be construed as obligating the Company to open additional restaurants on behalf of the Partnership or to authorize the Partnership to open additional Restaurants. Nothing contained herein shall be construed as limiting the Company’s, or its Affiliates’, right to open, or license others to open, Outback Steakhouse® restaurants at any location, and neither the Partnership nor any Limited Partner shall have any interest in such restaurants.

  • Purpose of Company The purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act and to engage in any and all activities necessary or incidental thereto.

  • Sole purpose of the Concessionaire The Concessionaire having been set up for the sole purpose of exercising the rights and observing and performing its obligations and liabilities under this Agreement, the Concessionaire or any of its subsidiaries shall not, except with the previous written consent of the Authority, be or become directly or indirectly engaged, concerned or interested in any business other than as envisaged herein.

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • PURPOSE OF THE TRUST The purpose of the Trust shall be to (a) manage, conduct, operate and carry on the business of an investment company; (b) subscribe for, invest in, reinvest in, purchase or otherwise acquire, hold, pledge, sell, assign, transfer, exchange, distribute or otherwise deal in or dispose of any and all sorts of property, tangible or intangible, including but not limited to Securities of any type whatsoever, whether equity or nonequity, of any issuer, evidences of indebtedness of any person and any other rights, interest, instruments or property of any sort to exercise any and all rights, powers and privileges of ownership or interest in respect of any and all such investment of every kind and description, including without limitation, the right to consent and otherwise act with respect thereto, with power to designate one or more Persons to exercise any of said rights, powers and privileges in respect of any of said investments. The Trustees shall not be limited by any law limiting the investments which may be made by fiduciaries.

  • PURPOSE OF THE CONTRACT DSHS agrees to purchase, and Contractor agrees to provide, services or goods to the eligible populations.

  • Purpose of DPA The purpose of this DPA is to describe the duties and responsibilities to protect Student Data including compliance with all applicable federal, state, and local privacy laws, rules, and regulations, all as may be amended from time to time. In performing these services, the Provider shall be considered a School Official with a legitimate educational interest, and performing services otherwise provided by the LEA. Provider shall be under the direct control and supervision of the LEA, with respect to its use of Student Data

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