Examples of JV Articles in a sentence
The JV Shareholders shall procure the holding of JV Shareholder meetings in England in accordance with the JV Articles of Association and in any event not less than once annually.
Meetings of the JV Board shall be convened in accordance with the provisions of this Agreement and with the JV Articles of Association and the JV Board shall be permitted to hold such meetings by way of video and/or telephone conferencing.
Contemporaneously herewith, Nordic, Manhattan and the General Partner shall take all necessary action to (i) amend and restate the Limited Partnership Agreement in its entirety in the form of the Consolidated and Revised Limited Partnership Agreement attached hereto as Exhibit A together with Appendices 2.5 and 7.7 thereto; and (ii) amend and restate the JV Articles in their entirety in the form of Articles of Association attached as Appendix 2.5 of Exhibit A (the “Amendments”).
The final specific details shall be subject to JV Company contract and JV Articles of Association to be executed by the Parties.
Both parties agreed to waive the original payment schedule of the registered capital under the JV Articles based on arm’s length negotiation.
If either Party is in breach of any provision of this Agreement or the JV Articles, without prejudice to the rights of the non-breaching Party set forth in this Agreement, the breaching Party shall indemnify the other Party and the JVCo and save them fully harmless against, and will reimburse them for all Losses suffered by the other Party and the JVCo as a result of such breach.
Pursuant to the proposed amendment to the JV Contract and JV Articles, the registered capital of SHMPI would be increased by US$13.5 million (approximately $105,300,000) from US$1.8 million (approximately $14,040,000) to US$15.3 million (approximately $119,340,000) whilst the total investment in SHMPI would be increased by US$43 million (approximately $335,400,000) from US$2.5 million (approximately $19,500,000) to US$45.5 million (approximately $354,900,000).
Sany Heavy Equipment entered into the JV Articles with Shenyang Zhu Sheng Yuan, pursuant to which Sany Heavy Equipment and Shenyang Zhu Sheng Yuan agreed to jointly establish Zhongjing Real Estate with the registered capital of RMB238,400,000.
In case of any inconsistency between the JV Articles and this Agreement, this Agreement shall prevail.
In so far as such inconsistency relates to the rights and obligations of the JVCo, the Parties shall make corresponding revisions of the JV Articles to reflect any amendments made to the JV Articles and shall execute such legal documents as may be necessary or reasonably required to effectuate any such amendments.