Withdrawal From Joint Venture. (a) Either Yukon Gold or Hinton (the "Withdrawing Paxxx") may, at any time during the currency of the Joint Venture, voluntarily withdraw from the Joint Venture and forfeit its right, title and interest in and to the Property and its rights under this Agreement by giving written notice of such withdrawal to the other party (the "Remaining Party"), which notice shall indicate an effective date for such withdrawal of not earlier than 90 days subsequent to the delivery of such notice. In such event, subject to section 3.6(b).
Withdrawal From Joint Venture. If either Joint Venturer withdraws from the ------------------------------ Joint Venture, prior to its expiration in accordance with Subsection 19(B)(2) or if an event described in Subsection 19(B)(1) occurs, then the non-withdrawing or non-defaulting Joint Venturer, as the case may be shall be permitted to proceed with the operation and distribution of the existing Supplement; provided, however, in any event the Daily News shall have no continuing rights in, and shall promptly discontinue all use of the name "BET Weekend". In the event that BET is the withdrawing or defaulting Joint Venturer, BET shall not use the name "BET Weekend" for a period of twelve (12) months from the date of termination of the Joint Venture. Notwithstanding the foregoing, the withdrawing or defaulting Joint Venturer shall be responsible for all liabilities of the Joint Venture incurred through dissolution as provided in Subsection 20(A)(1), (2) and (3) before such party's withdrawal or default (and, in the case of a defaulting Joint Venturer, all liabilities arising from such default). No amount shall be distributed to the withdrawing or defaulting Joint Venturer pursuant to Subsection 20(A)(4). Upon a withdrawal from the Joint Venture pursuant to the terms of this Section 17, legal title to the property of the Joint Venture, including without limitation any logos, trademarks, tradenames or copyrights (except as otherwise stated herein) shall be retained by the non-withdrawing or non-defaulting party. In no event shall a defaulting party retain legal title to the property of the Joint Venture (except as otherwise set forth herein).
Withdrawal From Joint Venture. A Shareholder may elect to withdraw from the Joint Venture by giving notice to the other Shareholder of the effective date of withdrawal, which shall be the later of the end of the then current Program period or 30 days after the date of the notice. Subject to the foregoing sentence, 60 days following the withdrawal by a Shareholder, the withdrawing Shareholder shall be deemed to have Transferred to the remaining Shareholder all of its Shares. The withdrawing Shareholder shall execute and deliver all instruments as may be necessary in the reasonable judgement of the other Shareholder to effect the transfer of its Shares in Salu Siwa to the other Shareholder. If within a 60 day period both Shareholders elect to withdraw, then the Joint Venture shall instead be deemed to have been terminated by the written agreement of the Shareholders pursuant to Section 18.1 and the Parties shall proceed to take all necessary action to dissolve (i) Salu Siwa in accordance with Australian Corporate Law and any other applicable law; and (ii) PT Masmindo in accordance with Indonesian Corporate Law and any other applicable law. [Note to draft: transfer price issues to be considered]
Withdrawal From Joint Venture. South Shore shall have duly withdrawn as a member and participant in the Care Management Network Joint Venture under that certain Operating Agreement, dated as of September 12, 2012.
Withdrawal From Joint Venture. 16.1 Right of Withdrawal and Mechanics ……………………………………….
Withdrawal From Joint Venture. A party may, by giving thirty (30) days’ notice in writing to the other party, withdraw from the Joint Venture and if the participating interest of a party reduces by dilution, assignment or any other means to less than five percent (5%), then that party shall be deemed to have withdrawn from the Joint Venture (each such party the “Withdrawing Party”). Upon a withdrawal from the Joint Venture, unless otherwise provided in the Mining Venture Agreement, the Withdrawing Party shall forfeit absolutely to the other party (and if more than one other party, pro rata in proportion that the respective participating interests of the non-withdrawing parties bear to each other) all of its participating interest. Any withdrawal from the Joint Venture is without prejudice to any rights or obligations of the parties arising before the withdrawal, and any forfeiture of a participating interest in the Joint Venture shall not be or be taken as satisfaction, wholly or partly, of the obligations of the Withdrawing Party before the withdrawal, in particular, the obligation to fund the Joint Venture’s payment of liabilities and obligations which accrue or arise before the withdrawal. The Joint Venture shall pay to the Withdrawing Party a net profits interest equal to five percent (5%) of the Joint Venture’s net profits from the production of minerals from the Property as defined in the Mining Venture Agreement (the “Net Profits Interest”). The Net Profits Interest shall terminate on the Withdrawing Party’s receipt of an amount equal to the total of its actual contributions and deemed contributions, as applicable, to the Joint Venture. The holder of Net Profits Interest shall have no right, title or interest in the Joint Venture’s assets, nor shall the holder of a Net Profits Interest have any right to administer or manage the affairs of the Joint Venture.
Withdrawal From Joint Venture
