Examples of Joint Venture Parties in a sentence
Hindustan Oil Exploration Company and Adbhoot Estates Private Limited are Joint Venture Parties to a Revenue Sharing Contract of DSF Block MB/OSDSF/B80/2016 (hereinafter referred to as “RSC”) dated-27th March 2017, with their Participating Interest 60% and 40% respectively (collectively as the “RSC Parties”).
LCTWP was set up to undertake the Proposed Development by the Joint Venture Parties.
As agreed by the Joint Venture Parties, the increase in the authorized capital stock will be made through STI Tanauan’s declaration of stock dividends to STI ESG based on STI Tanauan’s unrestricted retained earnings as of March 31, 2017 and cash payments by the Joint Venture Parties.
The Joint Venture Parties also agreed to increase STI Tanauan’s authorized capital stock to an amount that will be agreed by the Joint Venture Parties in a separate agreement.
For purposes of determining whether Joint Venture Parties (“JV Parties”) should notify, new shares must be subscribed to by the JV Parties, and such increase in the ownership of shares of the JV Parties in the joint venture company must breach the applicable thresholds under Rule 4 of the Implementing Rules and Regulations of the PCA.