The Joint Venture. Company shall procure that whichever of the Ship Manager and the Corporate Services Provider which is then responsible for such task prepares a draft budget, which shall be ready not later than 1 November in the year preceding that to which it relates.
The Joint Venture. Company shall adopt a labor contract system. The wages, welfare, labor insurance and other rights and obligations of working personnel and Management Personnel shall be regulated through individual or group labor contracts.
The Joint Venture. 2.1 The Venturers shall promote the Company as a joint venture between them on and subject to the terms of this Agreement.
2.2 The business of the Company shall be the direct and indirect holding of shares of and in the companies of the Alfa-Eco Group with such variations and extensions of those activities as may be made from time to time in accordance with this Agreement.
2.3 The Shareholders agree that the Company shall have autonomy to carry out its business in accordance with and subject to the terms of this Agreement including, but not limited to, the principles set out in Schedule 2.
2.4 The Shareholders have further agreed on certain principles set out and contained in Schedule 6 of this Agreement for the future restructuring of the Company, its Investment Assets and trading operation and business.
The Joint Venture. 7.1 Formation of Joint Venture SECTION 8. -
The Joint Venture. Subsidiary Borrower hereby irrevocably constitutes and appoints the Administrative Agent as the Joint Venture Subsidiary Borrower's true and lawful attorney, upon the occurrence of an Event of Default, with full power of substitution, to convert the Collateral into cash at the sole risk, cost, and expense of the Joint Venture Subsidiary Borrower, but for the sole benefit of the Administrative Agent. The rights and powers granted the Administrative Agent by the within appointment include but are not limited to the right and power to:
(a) prosecute, defend, compromise, or release any action relating to the Collateral;
(b) sign change of address forms to change the address to which the Joint Venture Subsidiary Borrower's mail is to be sent as the Administrative Agent shall designate; receive and open the Joint Venture Subsidiary Borrower's mail; remove any Collateral therefrom and turn over such mail (other than such Collateral), either to the Joint Venture Subsidiary Borrower, or to any trustee in bankruptcy, receiver, assignee for the benefit of creditors of the Joint Venture Subsidiary Borrower, or other legal representative of the Joint Venture Subsidiary Borrower whom the Administrative Agent determines to be the appropriate person to whom to so turn over such mail;
(c) endorse the name of the Joint Venture Subsidiary Borrower in favor of the Administrative Agent upon any and all checks, drafts, notes, acceptances, or other items or instruments; sign and endorse the name of the Joint Venture Subsidiary Borrower on, and receive as secured party, any of the Collateral, any invoices, schedules of Collateral, freight or express receipts, or bills of lading, storage receipts, warehouse receipts, or other documents of title of a same or different nature relating to the Collateral;
(d) sign the name of the Joint Venture Subsidiary Borrower on any notice to the Joint Venture Subsidiary Borrower's Account Debtors or verification of the Receivables Collateral; sign the Joint Venture Subsidiary Borrower's name on any proof of claim in bankruptcy against Account Debtors, notices of lien, claims of mechanics liens, or assignments or releases of mechanics' lien securing the Accounts;
(e) take all such action as may be necessary to obtain the payment of any letter of credit of which the Joint Venture Subsidiary Borrower is a beneficiary;
(f) repair, manufacture, assemble, complete, package, deliver, alter or supply goods, if any, necessary to fulfill in whole or in par...
The Joint Venture. 3.1. As soon as reasonably practicable after the effective date of this Agreement, PSI and the TCG Designee shall cooperate to establish the EJV in such jurisdiction and in such form as they may deem appropriate for the purposes of the EJV, PSI and the TCG Designee, and in accordance with such jurisdiction's applicable law. The symbol "--" indicates that a confidential portion has been omitted and filed separately with the Securities and Exchange Commission
3.2. The organizational documents of the EJV shall be as agreed by PSI and the TCG Designee, and PSI and the TCG Designee shall cause such documents to be amended from time to time as may be required to ensure that they at all times conform with the terms and conditions of this Agreement and any amendments hereto. The Board shall consist of five members, with PSI and the TCG Designee each designating two members and the fifth member being chosen by mutual agreement of PSI and the TCG Designee. Certain major actions relating to the EJV and PSI UK, as set forth in Exhibit A, will not be taken without the approval of the TCG directors or the TCG Designee, as the case may be, ------------------------------------------------------------ ------------------------------------------------------------ ------------------------------------------------------------ ------------------------------------------------------------ ------------------------------------------------------------ ------------------------------------------------------------ ------------------------------------------------------------ ------------------------------------------------------------ ------------------------------------------------------------ --------------------------------------
3.3. The duration of the EJV shall be perpetual, subject to the provisions of applicable law, the EJV's organizational documents and this Agreement.
The Joint Venture. 5 2.1 Establishment of the Joint Venture..............................................................5 2.1.1 Corporate Structure...........................................................................5 2.1.2 Transfers.....................................................................................6 2.1.3
The Joint Venture. Upon signing of this agreement, a joint venture will be formed. The interest of the parties shall be as follows: o Omicron shall be entitled to receive 40% of all profits of the Joint Venture, and ViaSpace shall be entitled to receive up to 60% of the profits o Royalties payments to JPL and Caltech will be paid by the Joint Venture prior to sharing profits between ViaSpace and Omicron.
The Joint Venture. 7.1 In the event that OAKLEY exercises the Initial Option, a Joint Venture shall be formed between OAKLEY and CRR with respect to the Property in accordance with the terms set out in Schedule "B". The Property shall thereupon become a Joint Venture Asset and CRR shall hold title to the mineral claims as Operator in trust for the benefit of the Joint Venture.
The Joint Venture. 7.1 If Endeavour exercises the Option as set out in Section 3, then, as of the exercise date of the Option, a Joint Venture will have been formed between Xxxxx and Endeavour with respect to the Property in accordance with the terms set out in Schedule “C”. The Property shall thereupon become a Joint Venture Asset.
7.2 Expenditures, if any, in excess of those required to maintain the Option in good standing which have been committed or incurred by Endeavour at the time of formation of the Joint Venture will be carried forward as Endeavour’s contribution to Joint Venture programs under the Joint Venture.
7.3 Upon formation of the Joint Venture, the Parties agree to take all commercially reasonable efforts to negotiate and execute a definitive binding joint venture agreement based substantially on the form of the Model Joint Venture Agreement for mining companies most recently published by the Continuing Legal Education Society of British Columbia which shall supersede this Agreement and contain all of the terms and conditions of this Agreement where applicable, including the Joint Venture terms contained in Schedule “C” attached hereto, within 90 days of formation of the Joint Venture.
