Joint Venture Account definition

Joint Venture Account means the single purpose bank account maintained and operated by the Operator in accordance with Section 6.17;
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Joint Venture Account is the account nr. 00000000-3 at Helm Bank, in Bogotá, Colombia, held by Acquired Company on behalf of the Operating Joint Venture, with the purpose of financing the re-development and operations of the Production Contracts and any other cost related to the Operating Joint Venture.
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Joint Venture Account means the accounts including bank and brokerage accounts maintained by the Operator solely for the benefit of the Joint Venture Participants for Joint Venture Operations.
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Examples of Joint Venture Account in a sentence

  • For greater certainty, the Operator shall not use any funds from the Joint Venture Account except in connection with the Joint Venture.

  • All Advances shall be deposited in the Joint Venture Account (as defined in the JVA), and shall only be used in connection with the Joint Venture and in accordance with a budget approved by the Management Committee (as defined in the JVA) of the Joint Venture.

  • All interest earned on the Joint Venture Account must be held in and applied as part of the Joint Venture Account.

  • If the Farmor and Farmee are unable to agree, then the presence of an impenetrable geological formation shall be determined by an independent drilling engineering consultant whose fees would be charged to the Joint Venture Account.

  • The cost of such audits or any audit that is required by the law applicable to the Manager shall, only to the extent that it is related to the Joint Venture, be chargeable to a Joint Venture Account as a Joint Venture expense.

  • The proceeds, if any, received on claims against any policies of insurance in respect of those damages or losses will be credited to the Joint Venture Account.


More Definitions of Joint Venture Account

Joint Venture Account means a trust account established pursuant to Clause 2.5 into which APPIA shall pay the applicable amount determined pursuant to Clause 2.5 to satisfy its expenditure obligations under Clause 2.2;
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Related to Joint Venture Account

  • 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 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”.

  • Direct Account : means any Account which is not an ISA Account.

  • 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.

  • Joint Account means an Account opened in more than one name;

  • Trust means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and

  • Joint Venture Company means any Subsidiary of the Company or any other Person of which 50% or less than 50% of the outstanding Voting Stock or participation is held by the Company or its Subsidiaries, whose Equity Interest is held directly or indirectly by the Company and one or more third parties that are not Affiliates of the Company for the purpose of directly or indirectly bidding new projects, including such Subsidiaries or Persons of the Company whose activities are governed by a joint venture agreement with one or more third parties that are not Affiliates of the Company.

  • 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 Venturers means Xxxxxxx Mining Limited a company incorporated in the State of Western Australia and its successors, permitted assigns and appointees;

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Joint Venture Agreement has the meaning set forth in the Recitals.

  • 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.

  • 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.

  • Investment Account As defined in Section 3.12(a).

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Separate Accounts means the accounts which are to be prepared for each

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.