Examples of Existing JV in a sentence
Schedule 4.28 hereto accurately lists (i) the number of shares of each class of Equity Interests authorized for each Existing JV and (ii) the number and the percentage of the outstanding shares of each class of Equity Interests of each Existing JV held by each interest holder in each Existing JV.
The Defaulting Owner warrants to the Non-Defaulting Owner that it has good title to the assets to be transferred free from any Security Interest, pre-emptive rights, and other third party rights (other than a Cross Charge, a Permitted Security Interest and any Existing JV Arrangements).
No Loan Party has any obligation under any JV Document to make additional capital contributions to or any other Investment in either Existing JV.
The parties recognise, however, that Existing JV Arrangements and Pre-existing Customer Contracts mean that variations to such proportionate entitlement to purchase each Product Type will be necessary, as provided in this clause 6.
Each Grantor hereby represents and warrants that the Excluded Property, with the exception of the Existing JV, when taken as a whole, is not material to the business operations or financial condition of the Grantors, taken as a whole.
Other than the requirement of Parent to make a capital contribution in the amount of $500,000 to the Illinois Joint Venture on January 20, 2013 for the purchase of a boiler for use on the Pekin, Illinois Real Property owned by the Illinois Joint Venture, No Loan Party has any obligation under any JV Document to make additional capital contributions to or any other Investment in either Existing JV.
Except as set forth on Schedule 2.23 hereto, all accounts receivable of the Existing JV including those generated in July and August 1996 arose from sales in the ordinary course of business, are collectible in the ordinary course of business (subject to normal and customary business disputes and reserves for bad debt not in excess of those historically experienced) and the Seller is not aware of any disputes with respect to any accounts receivable which involve in the aggregate any material amount.
The Company shall, subject to timely receipt of any required financial information from Transworld, furnish Buyer with monthly unaudited balance sheets and income statements for the Company and the Existing JV within 15 days after the close of each calendar month commencing with the month of August, 1996 until Closing.