JV Board definition
Examples of JV Board in a sentence
The chairman of the JV Board shall not have a casting vote in respect of any matter.
JV Board meetings may be held in person or by telephone conference.
Reserved Matters and JV Shareholder Reserved Matters, the JV Board shall decide on all matters by a majority vote.
The JV Management Team shall not constitute a committee of the JV Board unless expressly appointed as such from time to time in respect of a specific matter.
If the Offeree does not accept the Offer, the Offer shall not be put to the JV Board for consideration, and the Offeror may proceed to engage in such Competing Business on its own and solely for its own benefit.
If the Offeree accepts the Offer, then, subject to agreement of the JV Board, the Offeree will provide in cash or otherwise (as agreed by the parties in accordance with Clause 13.1.9) to JV Co (or such other entity as the JV Shareholders agree, subject always to Clause 13.1.9, an “Alternative Entity”), an amount equal to 50% of the consideration payable for such Competing Business (the “European Non-JV Contribution”), and JV Co (or an Alternative Entity) shall engage in such Competing Business.
At least once in every three consecutive years after the Closing Date the JV Board shall be entitled to appoint a reputable Investment Bank to review the JV Group and the JV Business and report to the JV Board on potential future strategic options for the JV Group and the JV Business including any potential Exit.
In addition, (x) to the extent that Consultant is requested to, and agrees to, serve on the JV Board, Consultant shall be covered by the applicable directors and officers liability insurance policy maintained by the Company, subject to, and in accordance with, the terms and conditions of such policy and (y) Global Eagle Ltd.
This contract is between The Ecoshed (the "Business") and Your Name Here (the "Client") dated 01/30/2021.
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.