Joint Venture Party definition
Examples of Joint Venture Party in a sentence
Each Party agrees to bear the responsibility of the following duties during the Term of the Joint Venture: Party A: [RESPONSIBILITIES OF PARTY A] Party B: [RESPONSIBILITIES OF PARTY B] OWNERSHIP.
Each Joint Venture Party may allow technical advisers to attend who will have no right to vote.
Each Joint Venture Party to the extent of its Percentage Interest undertakes to indemnify the Manager and its directors, officers, employees and agents against and to compensate them for any and all Loss incurred in the performance of any of the Manager's activities under this Agreement and not covered by insurance, provided that such activities are authorised by the provisions of this Agreement and the Manager's performance is in accordance with clause 12.1.
Each Joint Venture Party covenants with the other Joint Venture Parties that it will not, so long as it is a Party to this Agreement, engage in any Exploration or Mining Operations on the Property except as provided in this Agreement.
A Joint Venture Party that does not give Notice of changes it believes necessary within 30 days of the receipt by it of the minutes will be deemed to have approved such minutes.
So long as Buyer uses good faith efforts to comply with the immediately preceding sentence (in a manner that is consistent with Buyer’s policies regarding treatment of its own confidential information), Buyer and its Affiliates will have no Liability for any Loss suffered as a result of any disclosure of Excluded Books and Records, whether to any Seller Releasing Party, Comcast Releasing Party, Transferred Joint Venture Party (or any of their respective Subsidiaries).
Each Party agrees to bear the responsibility of the following duties during the Term of the Joint Venture: Party A: [RESPONSIBILITIES OF PARTY A] Party B: [RESPONSIBILITIES OF PARTY B] OWNERSHIP.
Each Joint Venture Party must promptly notify the chairman and the other Joint Venture Party of its approval of the minutes and any changes that it believes should be made.
Nothing in this Agreement confers any authority on a member of the Management Committee to bind the Joint Venture Party that appointed the member of the Management Committee to any action resulting in, or which requires, an amendment to the terms and conditions of this Agreement.
Hence, in the event that any disputes is raised from any third party with regard to Party A’s Transferred Equity Interest, Party A shall take all the responsibilities, resolve the problem on its own, and indemnify the Joint Venture, Party B and Party C and relieve them from any liabilities.