Joint Venture Properties definition
Examples of Joint Venture Properties in a sentence
To the knowledge of the Company, a Company Joint Venture owns good and valid fee simple title (with respect to jurisdictions that recognize such form of title or substantially similar title with respect to all other jurisdictions) or leasehold title (as applicable) to each of the Company Joint Venture Properties, in each case free and clear of Liens (except for Permitted Liens) except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the Company.
The Joint Venture will be for the purpose of exploring and developing the Joint Venture Properties and, if so determined, constructing and operating a mine thereon.
Notwithstanding the foregoing, Subsidiaries that are not Domestic Subsidiaries and joint ventures that are not Controlled Joint Ventures which own or lease Unencumbered Controlled Joint Venture Properties will not be required to act as Guarantors.
The term of the Joint Venture shall commence on the date hereof and shall continue so long as there remains any interest in the Joint Venture Properties (as that term is hereinafter defined) which has not been forfeited, sold, disposed of or otherwise abandoned, unless sooner terminated pursuant to Section 6.1, but in no event shall the term of the Joint Venture extend past December 31, 2050.
Buyer shall allocate the Purchase Price among the Properties and the Joint Venture Interests, and further with respect to each Property among the Land, Improvements, and Tangible and Intangible Personal Property, and further respect to the Joint Venture Interests, with the related interests of the taxable REIT subsidiaries leasing the Joint Venture Properties.
The Parties may jointly conduct due diligence on the Joint Venture Properties, pursuant to the Budgets and the work programs described in Article 3.4(b).
Solitario shall expend all Private Placement Funds in Exploration Expenditures on: (i) Alliance Projects, (ii) Alliance Properties, excluding any Alliance Property following the date on which Newmont elects not to exercise its Joint Venture Option; or (iii) Joint Venture Properties, as hereinafter defined.
Purchaser and Seller acknowledge that, prior to the Transfer with respect to the Joint Venture Properties, Seller must first obtain certain third-party waivers and/or consents prior to Closing, Seller shall have a period of up to one hundred and eighty (180) days after the scheduled Closing Date set forth in Section 9.1 to obtain such waivers and/or consents.
Each of the Unencumbered Properties and Unencumbered Controlled Joint Venture Properties included by Borrower in the calculation of the Unencumbered Asset Value and in the requisite calculations with respect to the covenants set forth in §9 satisfies all of the requirements contained in this Agreement for such Unencumbered Properties and Unencumbered Controlled Joint Venture Properties to be included therein.
Upon the removal of the Joint Venture Manager, the Joint Venture Manager shall receive an assignment from the Joint Venture of an undivided ten percent (10%) interest in the Joint Venture Properties and shall no longer be entitled to distributions, if any, nor allocated Net Revenues, expenses and losses, if any, under Article III hereof.