Excluded Joint Venture definition

Excluded Joint Venture means a Subsidiary that is a joint venture or an unincorporated association that is not required to become a Guarantor pursuant to Section 6.13.

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Excluded Joint Venture means (a) any Person described in clause (a) of the definition of Joint Venture or (b) any other Joint Venture that is entered into in accordance with Section 7.03(g) and designated as an Excluded Joint Venture by the Borrower and certified by the Borrower as being entered into in compliance with Section 7.03(g).

Excluded Joint Venture means any Permitted Joint Venture created or acquired after April 17, 2002; provided, however, that the only Investments made by Ventas, Inc. and its Restricted Subsidiaries in such Permitted Joint Venture are made pursuant to clauses (10) or (11) of the definition of Permitted Investments or are Restricted Payments permitted by Section 4.07 hereof.

Examples of Excluded Joint Venture in a sentence

• The Borrowers shall cause any Subsidiary (other than an Excluded Joint Venture) of any Borrower that has assets of $500,000 more to execute and deliver to Agent a Borrower Joinder and a Guarantor Joinder.

• KCC shall (i) use commercially reasonable efforts to mitigate all Losses related to the Excluded Joint Ventures and (ii) cause each Excluded Joint Venture that is sponsored by KCC to convene an in-person meeting at least once every six months and permit ▇▇▇▇▇▇▇ ▇▇▇▇▇ (or another individual designated by Seller) to attend such meeting.

• The provisions of this Section 7.12 shall not apply to any Excluded Foreign Subsidiary, Excluded Subsidiary or Excluded Joint Venture to the extent the same is not otherwise required to become a Guarantor hereunder.

• DaVita shall fulfill the obligations of Section III.P of the CIA (Reportable Events) for any Reportable Event that occurs at a dialysis clinic owned by an Excluded Joint Venture.

• A set of guiding questions has been developed and discussed for this analysis.

More Definitions of Excluded Joint Venture

Excluded Joint Venture means each Restricted Joint Venture and each Existing Joint Venture.

Excluded Joint Venture means (a) each joint venture listed on Schedule 1.01C and (b) each joint venture of a Grantor to the extent the grant by such Grantor of a security interest pursuant to this Agreement in such Grantor’s right, title and interest in such joint venture (i) is prohibited by any contract, agreement, instrument or indenture governing such joint venture, (ii) would give any other party to such contract, agreement, instrument or indenture the right to terminate its obligations thereunder or (iii) is permitted only with the consent of another party, if such consent has not been obtained; provided, that the foregoing exclusions shall not apply to the extent that any such prohibition, right to terminate, consent right or other term would be ineffective pursuant to the UCC.

Excluded Joint Venture means Superior Materials Holdings LLC and its direct and indirect Subsidiaries.

Excluded Joint Venture means any Joint Venture in which any Restricted Party holds an interest, other than any Designated Joint Venture.

Excluded Joint Venture means any Joint Venture where either (a) the investment of the Borrower and its Subsidiaries in such Joint Venture is made other than from the proceeds of the Advances or (b) the investment of the Borrower and its Subsidiaries in such Joint Venture is made from the proceeds of the Advances and, at the time of such investment, not more than $10,000,000 in principal amount of the proceeds of the Advances were invested in Excluded Joint Ventures; provided however, no Joint Venture shall be a Excluded Joint Venture in the event that the aggregate Value (based upon Borrower’s JV Pro Rata Share for each Joint Venture) of all Excluded Joint Ventures exceeds 20% of the Total Asset Value.

Excluded Joint Venture means any Subsidiary of the Company that is a joint venture between a Credit Party or a Subsidiary, on one hand, and a third party that is not a Credit Party, Subsidiary or Affiliate thereof, on the other hand, to the extent not permitted by the terms of its formation documents to become a Credit Party hereunder.

Excluded Joint Venture means Centric Health Resources, a Delaware corporation and any other subsidiary of a Borrower that is a joint venture, partnership or limited liability company and that is designated in writing by the Administrative Borrower to the Administrative Agent as an Excluded Joint Venture, provided that investments by the Loan Parties in Excluded Joint Ventures shall not exceed $30,000,000 in the aggregate at any time outstanding.