TERM OF THE JOINT VENTURE. Provision 36: The term of the joint venture shall be 12 years. The founding date of the joint venture shall be the date when the business license is issued. At the suggestion of either party, and with the approval of the Board of Directors, the term of the joint venture can be extended by submitting extension to the Ministry of Foreign Economic Relations and Trade (or its authorized reviewing agency), six months before the term expires.
TERM OF THE JOINT VENTURE. Article 40
1. The term of the joint venture shall be thirty (30) years, which shall be computed from the date of issuance of the business license of the JVC unless prior written termination notice is given by one Party to another or an event occurs as described in Article 41. 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. 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. 12.1 The term of the JVC shall be fifty (50) years. The date on which the JVC's business licence is issued shall be date of the establishment of the JVC.
12.2 With the consent of the Parties of the JVC and upon the unanimous approval by the board of directors, the JVC may apply with the original examination and approval authority for an extension of the join venture term 180 days prior to the expiration thereof.
12.3 When the parties of the JVC unanimously agree that the termination of this Contract is to their best interest, the joint venture maybe terminated and this Contract shall be dissolved after a resolution thereon has been unanimously adopted by the board of directors and the approval has been granted by the original examination and approval authority.
TERM OF THE JOINT VENTURE. The Joint Venture shall begin as of May 1, 2024 and shall continue until May 1, 2027, unless sooner terminated as specifically provided in Paragraph 24 of this Agreement. If neither Joint Venturer opts to terminate the Agreement on or before May 1, 2027, then the Agreement shall continue on a month-to-month basis under the existing terms of this Agreement.
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.
19.2 If proposed by one Party and unanimously approved by the Board, an application for an extension of the term of the JV shall be submitted to the original Examination and Approval Authority six months prior to the expiration date of the JV.
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.
7.2. The Joint Venture shall terminate in any of the following events;
(a) By mutual consent of all the Participants;
(b) On termination of the Contract or any renewal thereof;
(c) If agreed by the Participants on completion of the sale or realisation of the whole of the Joint Venture Assets.
TERM OF THE JOINT VENTURE. (1) The operation term of the joint venture is twenty (20) years starting from the Establishment Day.
(2) Should both parties intend to extend the operation term of the Company, an application shall be submitted at least six (6) months before the expiration.
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. This Agreement shall terminate upon the earliest to occur of: (i) the written election of all of the Joint Venturers, (ii) the written election of either Joint Venturer if CiaoHub has not closed on an Initial Debt Financing in a principal amount of at least US$10,000,000 or other funding acceptable to both Joint Venturers by October 1, 2012, (iii) the written election of a Non-Defaulting Joint Venturer that has issued a Default Notice to a Defaulting Joint Venturer if such default remains uncured for more than 60 days after such Default Notice is issued, (iv) the dissolution of CiaoHub, (v) the occurrence of an Event of Bankruptcy with respect
