Term of the Venture. Upon the date which is seven years after the date of this Agreement (the “Termination Date”); provided, however, that this Agreement generally and Section 10.9 and Article 12 in particular shall govern the conduct of the parties during the winding up of the Company. Notwithstanding anything contained in this Section to the contrary, the Termination Date may be extended for two additional one-year periods upon written agreement of the Members.
Term of the Venture. The term of the Venture commenced on the date the Certificate was first filed with the Secretary of State of the State of Delaware. Unless sooner terminated as hereinafter provided or by operation of law, the term of the Venture shall continue until December 31, 2057.
Term of the Venture. The term of the Venture shall be for 25 years from the date of execution of this Agreement and for so long thereafter as Products are produced from the Property unless this Agreement is terminated earlier as herein provided.
Term of the Venture. The Venture shall begin on the date hereof and shall continue until December 31, 2025, unless sooner terminated as specifically provided in this Agreement. 7. Capital Contributions of the Joint Venturers. Palomar shall contribute an amount equal to 10 percent of the purchase price required for the Venture to purchase the Venture Property. Xxxxx, utilizing his credit, shall arrange for a loan (the “Loan”) in an amount equal to 90 percent of the purchase price for the Venture Property. It is understood that Xxxxx may have to guarantee the repayment of the Loan and take such other steps to secure the Loan. However, it is also understood that Palomar will be required to execute a promissory note with respect to the Loan and execute such other documents as may be required by the payee of the Loan. Each of the Joint Venturers shall be responsible for one-half of all expenses relating to the Venture Property, including, but not limited to the repayment of the Loan. The contributions described in this Paragraph are referred to herein as “Capital Contributions.” All Capital Contributions shall be credited to a Joint Venturer’s Capital Account. 8.
Term of the Venture. 9 5.5 FISCAL YEAR..................................................9
Term of the Venture. The term of the Venture shall be for 50 years from the Effective Date and for so long thereafter as Products are produced from the Property unless this Agreement is terminated earlier as herein provided. If any right, power or interest of any Party under this Agreement would violate the rule against perpetuities, then such right, power or interest shall terminate at the expiration of 20 years after the death of the last survivor of all the lineal descendants of Her Majesty, Queen Xxxxxxxxx XX of England, living on the date of this Agreement.
Term of the Venture. The term of the Venture shall commence on the date hereof and shall terminate on December 31, 2011, unless sooner dissolved pursuant to any provisions hereof, or unless extended beyond such period by agreement of both Venturers; however, the Venture shall continue after the dissolution date for the sole purpose of winding up its business and affairs as provided for in this Agreement.
Term of the Venture. The Venture shall begin on the date hereof and shall continue until December 31, 2025, unless sooner terminated as specifically provided in this Agreement.
Term of the Venture. This Agreement shall become effective as of the date hereof and shall continue to remain in effect until terminated in accordance with its provisions.
Term of the Venture. The initial term of the Venture shall begin on the Effective Date and shall end at the end of the first calendar quarter in 2013, provided, however, that this Agreement and the Venture shall be automatically renewed for one-year periods commencing on April 1, 2013 and, thereafter, on each successive anniversary of such date unless either WisdomTree or Mellon Capital notifies the other in writing within ninety (90) days prior to any such anniversary that it desires to terminate this Agreement and the Venture. All references to “term” of the Venture shall include any renewals thereof.
