Exempted Joint Venture definition

Exempted Joint Venture means a Joint Venture or Joint Ventures contemplated as of the Effective Date that, separately or together, will construct and own connected oil pipelines or pipeline systems and related facilities (currently estimated to cost as much as approximately $2.2 billion) and that will be owned by the Borrower and/or a Restricted Subsidiary (from 25% to 50%) and another publicly traded limited partnership with a market capitalization as of the date hereof of in excess of $10.0 billion (from 25% to 50%) and, possibly, other partners; provided that (a) such Joint Venture shall execute contracts with respect to its oil pipelines or pipeline systems that are take or pay contracts with a tenor of at least seven years, (b) the contracts described in clause (a) will be with at least two shippers, (c) the operator of such Joint Venture’s assets shall be investment grade, and (d) each Investment in such Joint Venture shall be made in compliance with Section 6.04(m).
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Exempted Joint Venture means each Joint Venture, any of the Equity Interests of which is owned by any Borrower Party or any Subsidiary, that is acquired from an integrated energy company as contemplated by the Borrower prior to the date hereof.
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Exempted Joint Venture means a Joint Venture or Joint Ventures contemplated as of the Effective Date that, separately or together, will construct and own connected oil pipelines or pipeline systems and related facilities (currently estimated to cost as much as approximately $2.2 billion) and that will be owned by the Borrower and/or a Restricted Subsidiary (from 25% to 50%) and other partners; provided that (a) such Joint Venture shall execute contracts with respect to its oil pipelines or pipeline systems that are take or pay contracts with a tenor of at least seven years, (b) the contracts described in clause (a) will be with at least two shippers, (c) the operator of such Joint Venture’s assets shall be the Borrower, and (d) each Investment in such Joint Venture shall be made in compliance with Section 6.04(A)(m) and 6.04(B).
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More Definitions of Exempted Joint Venture

Exempted Joint Venture means a Joint Venture that is acquired from an independent international energy company as contemplated by the Borrower on or about the Second Amendment Effective Date.
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Exempted Joint Venture means, at any time, any Business Entity that is not a Note Party (i) whose Equity Interests are directly held legally or beneficially by a Note Party (or group of Note Parties) in an amount not to exceed 75% of the outstanding Equity Interests of such Business Entity, determined as of the date the Company designated such Business Entity to be an “Exempted Joint Venture” consistent with (iii) below, (ii) all of whose Equity Interests held by any Note Party are subject to a first priority perfected security interest for the benefit of the Secured Parties pursuant to the Security Agreement (except that such Equity Interests shall not be deemed “Excluded Assets” as defined in the Security Agreement), (iii) that has been designated, in writing, by the Company to the holders of the Notes to be an “Exempted Joint Venture”, and (iv) that is engaged in a business consistent with Section 10.3 of this Agreement.
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Exempted Joint Venture hereby is amended and restated in its entirety as follows:
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Related to Exempted Joint Venture

  • Permitted Joint Venture means, with respect to any specified Person, a joint venture in any other Person engaged in a Similar Business in respect of which the Borrower or a Restricted Subsidiary beneficially owns at least 35% of the shares of Equity Interests of such Person.

  • Permitted Joint Ventures means one or more joint ventures formed (a) by the contribution of some or all of the assets of the Company’s or a Permitted Affiliate Parent’s business solutions division pursuant to a Business Division Transaction to a joint venture formed by the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries with one or more joint venturers and/or (b) for the purposes of network and/or infrastructure sharing with one or more joint venturers.

  • Company Joint Venture means any corporation or other entity (including partnership, limited liability company and other business association) that is not a Company Subsidiary and in which the Company or one or more Company Subsidiaries owns an equity interest (other than equity interests held for passive investment purposes which are less than 5% of any class of the outstanding voting securities or other equity of any such entity).

  • Eligible joint venture means an association of one or more small business enterprises in combination with one or more veteran-owned business enterprises, proposing to perform as a single for-profit business enterprise, in which each joint venture partner contributes property, capital, efforts, skill and knowledge. Joint ventures must have an agreement in writing specifying the terms and conditions of the relationship between the partners and their respective roles in the contract.

  • Permitted Joint Venture Investment means an Investment by such Person in any other Person engaged in the Oil and Gas Business (a) over which such Person is responsible (either directly or through a services agreement) for day-to-day operations or otherwise has operational and managerial control of such other Person, or veto power over significant management decisions affecting such other Person, and (b) of which at least 30% of the outstanding Equity Interests of such other Person are at the time owned directly or indirectly by such Person.

  • consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;

  • Joint Venture means any joint venture, limited liability company or other Affiliate of the Company that owns, in whole or in part, on behalf of the Company any Properties, Loans or other Permitted Investments.

  • Venture means any group of two or more persons associated in fact, whether or not a legal entity.

  • Joint Venture (JV means an association with or without a legal personality distinct from that of its members, of more than one Consultant where one member has the authority to conduct all business for and on behalf of any and all the members of the JV, and where the members of the JV are jointly and severally liable to the Procuring Entity for the performance of the Contract.

  • Joint Venture Subsidiary means a Subsidiary of the Company or any of its Subsidiaries that has no assets and conducts no operations other than its ownership of Equity Interests of a Joint Venture.

  • Joint Venture Entity means any Joint Venture, any Wholly-Owned Subsidiary of a Joint Venture or any JV Subsidiary.

  • Joint Venture” - (Project means two or more businesses joining together under a contractual agreement to conduct a specific business enterprise with both parties sharing profit and losses. The venture is for one specific project only, rather than for a continuing business relationship as in a strategic alliance. It is about sharing risk with others and providing one or more missing and needed assets and competencies.

  • Resident unincorporated business entity means an unincorporated business entity having an office or place of business within the Municipality.

  • Nonresident unincorporated business entity means an unincorporated business entity not having an office or place of business within the Municipality.

  • Joint Venture Investment means, with respect to any Obligor, any Investment by such Obligor in a joint venture or other investment vehicle in the form of a capital investment, loan or other commitment in or to such joint venture or other investment vehicle pursuant to which such Obligor may be required to provide contributions, investments, or financing to such joint venture or other investment vehicle and which Investment the Borrower has designated as a “Joint Venture Investment”.

  • Restricted Jurisdiction means any jurisdiction in which the Titling Trust is not qualified and licensed to do business, other than any jurisdiction where the failure to be so qualified and licensed will not have a material adverse effect on the Issuing Entity.

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Joint Ventures means the joint venture or partnership or other similar arrangements (other than between the Company and the Operating Partnership) in which the Company or the Operating Partnership or any of their subsidiaries is a co-venturer, limited liability company member, limited partner or general partner, which are established to acquire or hold Investments.

  • Permitted Jurisdiction means the United States or any state thereof, Belgium, Bermuda, Canada, Cayman Islands, France, Germany, Gibraltar, Ireland, Italy, Luxembourg, the Netherlands, Switzerland, the United Kingdom or British Crown Dependencies, any other member country of the Organization for Economic Co-operation and Development, or any political subdivision of any of the foregoing.

  • Foreign limited liability partnership means a partnership that:

  • Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203(l)-1, 17 C.F.R. § 275.203(l)-1.

  • Excluded Entity means a corporation or other entity of which the holders of voting capital stock of the Company outstanding immediately prior to such transaction are the direct or indirect holders of voting securities representing at least a majority of the votes entitled to be cast by all of such corporation’s or other entity’s voting securities outstanding immediately after such transaction.

  • Restricted Fund means a fund in which the use of the principal or principal and income is restricted by agreement with, or direction by, the donor to a specific purpose. Restricted fund does not include a fund over which the owner has complete control. The owner is deemed to have complete control over a fund that is to be used for general operating or building purposes.

  • Permitted Jurisdictions has the meaning specified in Section 801(a)(1).

  • Domestic limited liability company means an entity that is an unincorporated association having one or more members and that is organized under ORS chapter 63.

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended;