Joint Venture Property definition
Examples of Joint Venture Property in a sentence
I swear or affirm under the penalties of perjury that I have not altered, modified, changed or deleted the State's standard contract clauses (as contained in the 2021 OAG/ IDOA Professional Services Contract Manual or the 2021 SCM Template) in any way except as follows: NONE The undersigned attests, subject to the penalties for perjury, that the undersigned is the Contractor, or that the undersigned is the properly authorized representative, agent, member or officer of the Contractor.
A Joint Venturer is entitled during working hours at reasonable intervals, and the Manager must give, on reasonable notice at the Joint Venturer's expense and risk, access to, and the right to inspect any Joint Venture Property, including all books and records maintained by the Manager, provided that the Joint Venturer ensures that there is no interference with Joint Venture Activities.
The Participants’ ownership of beneficial interests in the Joint Venture Property shall be as co-owners in undivided shares according to their Participating Interests.
The Venturers further acknowledge that the failure to provide their respective Capital Contributions would jeopardize the purchase of the Joint Venture Property.
Each of the Parties hereby dedicates to the Joint Venture its respective undivided right, title and interest in and to the Assets as at the Effective Date which will thereby become comprised in the Joint Venture Property.