Joint Venture Liabilities definition

Joint Venture Liabilities means all of MNC’s Liabilities and obligations in relation to the Joint Venture or the Joint Venture Agreement (whether arising before, on or after Completion), including any obligation to pay a cash call or other called sum (however described) pursuant to the Joint Venture Agreement;
Sample 1
Joint Venture Liabilities means all Liabilities primarily relating to, arising out of or resulting from the operation or conduct of the Joint Venture Business on or prior to the Distribution Date, including: (a) for the avoidance of doubt, any Liability of a Joint Venture Group member for Taxes; (b) Exclusive EquaGen Contingent Liabilities; (c) subject to Article VII, any and all obligations of any member of the Joint Venture Group under each Joint Venture Policy, and any and all obligations of any member of the Joint Venture Group under each Shared Policy to the extent related to or arising out of the Joint Venture Business; and (d) any other Liability that the Company, ETR and Enexus agree shall be a Joint Venture Liability.
Sample 1
Joint Venture Liabilities means the Liabilities of the Joint Venture including without limitation, those set out in the Accounts.
Sample 1

Examples of Joint Venture Liabilities in a sentence

  • It is the agreement of the Parties that Joint Venture Liabilities (as hereinafter defined) not be shared unequally by the parties to the U.S. Joint Venture Agreement or their respective Affiliates.

  • If a liquidator is appointed, then he or she will act on behalf of the Joint Venturers to realize the Joint Venture Assets, satisfy all Joint Venture Liabilities, and pay the balance of the proceeds of realization to the Joint Venturers in proportion to their Participating Interests.

  • The Company shall reimburse ETR or Enexus, as the case may be, for any costs incurred by ETR or Enexus related to such Insurance Administration and Claims Administration to the extent such costs (which include defense, out-of-pocket expenses, and direct and indirect costs of employees or agents of ETR or Enexus providing the administrative services) are (i) not covered under the Shared Policies and (ii) related to Joint Venture Liabilities.

  • Insurance Proceeds received with respect to claims, costs and expenses under the Shared Policies administered by Enexus under Section 7.3(b)(ii) shall be paid to Enexus, which shall administer the Shared Polices by retaining the Insurance Proceeds with respect to Non-Utility Nuclear Liabilities and giving the Company any Insurance Proceeds with respect to Joint Venture Liabilities.

  • Except as otherwise specifically set forth in any provision of this Agreement or an Ancillary Agreement, on and from the Distribution Date, the Company shall indemnify, defend and hold harmless the Indemnitees from and against any and all Indemnifiable Losses arising out of, by reason of or otherwise in connection with (a) the Joint Venture Liabilities and (b) any breach by any member of the Joint Venture Group of any provision of this Agreement.


More Definitions of Joint Venture Liabilities

Joint Venture Liabilities shall have the meaning set forth in the Joint Venture Formation Agreement.
Sample 1
Joint Venture Liabilities means all of any Group Company’s Liabilities and obligations in relation to the Joint Ventures or the Joint Venture Agreements (whether arising before, on or after Completion), including any obligation to pay a cash call or other called sum (however described) pursuant to each Joint Venture Agreement;
Sample 1

Related to Joint Venture Liabilities

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • MREL Eligible Liabilities means “eligible liabilities” (or any equivalent or successor term) which are available to meet any MREL Requirement (however called or defined by then Applicable MREL Regulations) of the Issuer under Applicable MREL Regulations;

  • Liabilities means any and all debts, liabilities and obligations, whether accrued or fixed, absolute or contingent, matured or unmatured or determined or determinable, including those arising under any Law, Action or Governmental Order and those arising under any contract, agreement, arrangement, commitment or undertaking.