Responsibility of the Company. The JVC shall be responsible for its own debts and assets. Neither Party shall be liable for any debts owed by the JVC to any third party. Either Party shall only be liable to the extent of its investment in the JVC.
Appears in 4 contracts
Samples: Cooperative Joint Venture Agreement (Integrated Carbonics Corp), Cooperative Joint Venture Agreement (Integrated Carbonics Corp), Cooperative Joint Venture Agreement (Integrated Carbonics Corp)
Responsibility of the Company. The JVC shall be responsible for its own debts and assets. Neither Party shall be liable for any debts owed by the JVC to any third party. Either Party shall only be liable to the extent of its investment in the JVCJVC and the JVC shall be liable to any third party only to the extent of its registered capital.
Appears in 3 contracts
Samples: Equity Joint Venture Agreement (Integrated Carbonics Corp), Equity Joint Venture Agreement (Integrated Carbonics Corp), Equity Joint Venture Agreement (Integrated Carbonics Corp)
Responsibility of the Company. The JVC shall be responsible for its own debts and assets. Neither Party shall be liable for any debts owed by the JVC to any third party. Either Party shall only be liable to the extent of its investment in the JVCJVC and the JVC shall be liable to any third party only to the extent of its registered capital. 11.
Appears in 2 contracts
Samples: Equity Joint Venture Agreement (Integrated Carbonics Corp), Agreement (Integrated Carbonics Corp)
