Termination of Joint Venture. Effective as of the date hereof upon payment by TriStar and receipt by the Seller of the Purchase Price (as hereinafter defined) and the delivery of the Assignment of Joint Venture Interest in the form of Exhibit A attached hereto, without any further action by the parties, the Joint Venture shall terminate and all right, title and interest in and to the assets of the Joint Venture and all obligations (other than obligations incurred by Seller on behalf of the Joint Venture outside of the scope of Seller's authority) of the Joint Venture shall inure to TriStar as successor in interest.
Termination of Joint Venture. Effective as of the date hereof upon payment by CPII and receipt by the Seller of the Purchase Price (as hereinafter defined) and the delivery of the Assignment of Joint Venture Interest in the form of Exhibit A attached hereto, without any further action by the parties, the Joint Venture shall terminate and all right, title and interest in and to the assets of the Joint Venture and all obligations (other than obligations incurred by Seller on behalf of the Joint Venture outside of the scope of Seller's authority) of the Joint Venture shall inure to CPII as successor in interest.
Termination of Joint Venture. Notwithstanding any other provision of this Agreement, this Joint Venture Agreement shall terminate upon completion of the business activities of the Joint Venture and distribution of all profits derived therefrom.
Termination of Joint Venture. If the joint venture contemplated by that certain Amended and Restated Joint Venture Agreement by and among Centene Corporation, Centene Health Plan Holdings, Inc., North Carolina Medical Society and the Company, dated August 25, 2017, as may be amended from time to time (the “Joint Venture Agreement”), is not consummated pursuant to the terms of the Joint Venture Agreement, the Company, by written notice to each Stockholder in accordance with the terms hereof, shall redeem, using funds legally available therefor and subject to the exercise of any contractual right of the Company to use its funds for another specified purpose, all Class P Common Stock held by such Stockholders for an amount equal to $750.00 (as adjusted for any stock split or other recapitalization or reclassification effected after the date hereof, but not adjusted for any dividends declared with respect to such stock) per share. If the Company, in its sole discretion, determines that funds are insufficient to redeem all shares of Class P Common Stock held by all Stockholders for such amount, the Company shall redeem all shares of Class P Common Stock held by such Stockholders for a price that is reduced ratably in proportion to the respective amounts that would otherwise be payable in connection with such redemption if all amounts payable with respect to such shares were paid in full.
Termination of Joint Venture. The JV may be terminated by agreement of the parties whose capital accounts total a majority in value of the capital accounts of all the partners. Written notice of the meeting where termination of the JV is to be considered shall include a specific reference to this matter. The JV shall terminate upon a majority vote of all parties capital accounts. Written notice of the decision to terminate the JV shall be given to all the parties. Payment shall than be made of all the liabilities of the JV and a final distribution of the remaining assets either in cash or in kind, shall promptly be made to the parties or their personal representatives in proportion to each party’s capital account.
Termination of Joint Venture. A. The Joint Venture may be terminated at the end of the initial ten (10) year term if written notice is given at least 180 days prior to the end of said term.
Termination of Joint Venture. In the event and at such time as Penn determines that it will not be able to obtain one or more of the Penn Approvals, and abandons its efforts to obtain such approval(s), or December 31, 1999, whichever is earlier (the ATermination Date@), the initial maturity date of the Penn Note will be changed to the earlier of (i) eighteen (18) months from the Termination Date; or (ii) five (5) business days after the successful closing of a financing transaction specifically intended to repay Penn, which financing is in an amount at least as great as the Penn debt. Such maturity date is subject to extension in the event the Put obligation continues and the Penn Loan has been converted to the Put Loan; provided, that, FRPRLP shall have reduced the amount of the Put Loan by payment of any principal amount in excess of $8,750,000.
Termination of Joint Venture. The following shall be "Termination Conditions" with respects to the Joint Venture:
Termination of Joint Venture. 16.1 unanimous resolution Should the Management Committee resolve unanimously (after having considered the results of the Pre-feasibility Study or that of the Bankable Feasibility Study or at any time after having conducted further prospecting as contemplated in terms of clause 16.3) not to conduct any further prospecting activities in respect of any particular Prospecting Right Area and to permanently abandon all rights held in respect thereof, the Joint Venture will terminate in respect of the relevant Prospecting Right Area only, on the date on which the Joint Venture has completed rehabilitation of the disturbances caused by its activities on the area of such Prospecting Right Area.
Termination of Joint Venture. The Joint Venture shall commence on execution of this Agreement and shall continue until the first of any of the following events occur:
