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 Joint Venture bank account established and maintained by the Operator hereunder.
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Examples of Joint Venture Account in a sentence

  • You are required to show the Memorandum Joint Venture Account only.

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

  • Each party that has elected to contribute to such Work Plan and Budget (the "Participating Party") shall advance funds representing its share of the projected expenditures to a separate and new account to be designated by the Operator (the "Joint Venture Account") on or before the later of the first day of the month in which such funds are scheduled to be expended and the expiry of the 30 day advance notice period.

  • Upon receipt of such account, the Participating Parties shall advance to the Joint Venture Account, within 30 days, funds representing their share of such overrun, provided, however, that any expenditures made by the Operator in excess of 120% of the total expenditure projection for the Work Plan and Budget then in effect (the "Excess Expenditures") shall be the sole responsibility of, and for the sole account of, the Operator unless approved pursuant to this section 3.4(c).

  • 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.

  • Any Participant that has a negative capital account balance when the Joint Venture is terminated for any reason shall contribute to the Joint Venture Account an amount sufficient to raise such balance to zero.

  • Assume a normal loss of 10 litres due to leakage and evaporation.You are required to prepare the Joint Venture Account and Derek’s account in the books of Brian assuming both coventurers maintain all accounts.Note: All calculations are to be made to the nearest rupee.

  • Despite the foregoing, in making a determination under Section 10.5(b) for a Defaulting Participant, all interest on the Joint Venture Account referred to in Section 10.5(b) accruing after the date on which that Defaulting Participant became a Defaulting Participant must be ignored and the proportions otherwise determined for the Non-defaulting Participant must be adjusted accordingly.

  • In this case also the Joint Venture Account serves the purpose of a Profit and Loss Account.

  • The Joint Venture Account serves the purpose of Profit and Lossthe third method, no Joint Account is maintained.


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

  • 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 each of (i) Aluminum Company of Malaysia Berhard and (ii) any other person that is a Subsidiary in which persons other than Holdings or its Affiliates own 10% or more of the Equity Interests of such person, excluding, to the extent they become Restricted Subsidiaries of the Designated Company after the Closing Date, Xxxxx and Norf GmbH.

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

  • Virginia venture capital account means an investment fund that has been certified by the

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

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Project Account means the account referred to in Section 3.03 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 Interests means assets of the Company and its Subsidiaries constituting an equity investment in real estate assets or other properties, or in an entity holding real estate assets or other properties, jointly owned by the Company and its Subsidiaries, on the one hand, and one or more other Persons not constituting Affiliates of the Company, on the other hand, excluding any entity or properties (i) which is a Subsidiary or are properties if the co-ownership thereof (if in a separate entity) would constitute or would have constituted a Subsidiary, or (ii) to which, at the time of determination, the Company’s manager at such time or an Affiliate of the Company’s manager at such time provides management services. In no event shall Joint Venture Interests include equity securities that are part of a class of equity securities that are traded on a national or regional securities exchange or a recognized over-the-counter market or any investments in debt securities, mortgages or other Debt.

  • Joint Venture means a joint venture, partnership or other similar arrangement, whether in corporate, partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party.

  • 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.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Expense Account The account established and maintained pursuant to Section 3.25.

  • 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.