TERM OF THE JOINT VENTURE. The term of the joint venture shall be ten (10) years, which shall be computed from the date of issuance of the business license of the C unless prior written termination notice is given by one Party to another or an event occurs as de- scribed in Clause 22. Such term may be extended under the same or new terms and conditions with the written consent of both Parties, at least six (6) months prior to the expiration date.
TERM OF THE JOINT VENTURE. 7.1. The Joint Venture shall be deemed to have commenced on the signing hereof and shall continue until terminated pursuant to the provisions of this Agreement.
TERM OF THE JOINT VENTURE. The Joint Venture shall begin on the 24th day of February, 2011 and shall continue until the 24th day of February, 2026 (the “Termination Date”); provided, however, that (a) if Global Earth does not receive $100,000,000 from the sale by Global Earth of 1,000 shares of the Global Earth Energy, Inc. Series A Preferred Stock (the “Series A Preferred Stock”) to LB Xxx Co., Ltd., a South Korean corporation, within thirty (30) days from the date of this Agreement, then this Agreement shall automatically terminate, and (b) if Global Earth does not make its entire committed capital contribution within the deadlines set forth in Paragraph 4(a)(ii), Bio Lubbock may terminate this Agreement.
TERM OF THE JOINT VENTURE. This Joint Venture shall commence as of April 1st, 2007 (hereinafter referred to as the "Execution Date") and shall continue until December -------------- 31, 2012 (hereinafter referred to as the "Expiration Date") unless --------------- terminated earlier according to the provisions set forth in Section ------- 11.1 hereof or by operation of law. If, however, on the Expiration ---- Date, any Project actually undertaken by the Joint Venture has not been completed pursuant to the terms of this Agreement, the Parties shall extend the Expiration Date for a reasonable period to complete any such ongoing Projects.
TERM OF THE JOINT VENTURE. (1) The operation term of the joint venture is twenty (20) years starting from the Establishment Day.
TERM OF THE JOINT VENTURE. The Joint Venture shall begin on the 22nd day of April, 2021 and shall continue until as set forth in Section 15 hereof (the “Termination Date”).
TERM OF THE JOINT VENTURE. It is the intention of the parties that neither be free to deal independently in connection with the acquisition of the New Jersey Assets, unless for any reason, one of the parties is unable to proceed due to circumstances outside its control, for example, the inability to obtain regulatory approval. The parties therefore agree that neither will act alone in connection with the acquisition of the assets until July 1, 1999, unless one of the joint venture parties is unable to proceed due to circumstances outside its control and abandons its efforts to seek the required approvals.
TERM OF THE JOINT VENTURE. 19.1 The term of the JV shall be 20 years starting from the Establishment Date of the JV, unless the JV is terminated prior to the expiration of the term as specified in Article 21 or extends its term as specified in Article 19.2.
TERM OF THE JOINT VENTURE. The joint venture shall commence on the date hereof and shall continue until terminated as hereinafter provided.
TERM OF THE JOINT VENTURE. 11.1 Subject to Section 14, the term of the Joint Venture shall be 30 years from the date a business license is issued to the Joint Venture. The term can be extended with notice by either party six months prior to the 30 year termination date, subject to the approval by the board of directors pursuant to Section 7.3 above.
