Examples of Joint Venture Partner in a sentence
The commitment letter shall be submitted even if the firm is in some way related to a Joint Venture Partner (for example, the Key Subcontractor is subsidiary of a Joint Venture Partner, or a subsidiary of a firm to which the Joint Venture partner is also a subsidiary).
The Joint Venture Partner’s shareholding in the Joint Venture Company at 18.45% shall be contributed by TG BVI on behalf of the Joint Venture Partner.
Board Composition The board of the Joint Venture Company will consist of seven directors, whereas TG BVI is entitled to appoint five directors and the Joint Venture Partner is entitled to appoint two directors.
Such right may only be exercised by the Joint Venture Partner on the later of: (i) within six months from 9 June 2017; or (ii) before the grant of mining lease of the Mining Project to the Joint Venture Company.
The Joint Venture Partner may also exercise the right to subscribe for further shares in the Joint Venture Company to increase its shareholding interest to up to 49% of the issued share capital of the Joint Venture Company on terms to be agreed between the shareholders.