Examples of JV Co in a sentence
Plan Each year the JV Co shall produce an annual business plan, a draft of which shall be circulated at least 2 months prior to the start of the next financial year.
On 5 May 2014, JV Co A entered into the Second Co-operation Agreement with JV Co B and the Co-organiser, in relation to the delivery of the Third Land Parcel.
If the Board of Directors or a general meeting of the JV Co is unable to make a decision on any matter within three (3) months of such matter first being considered by the Board of Directors or general meeting, then KABT shall be entitled in their discretion to serve a written notice to RDMA offering to purchase from RDMA all (but not part only) of RDMA’s shares in the JV Co in accordance with the JVSA.
Each of JV Co A and JV Co B will bear 50% of the consideration payable under the Second Co-operation Agreement.
CMLHM will hold a 51% stake whereas China Changjiang will hold a 49% stake in the JV Co (the “Proposed Joint Venture”).
Save and except RDMA’s existing contracts, RDMA hereby agrees and covenants to grant to the JV Co the First Right of Refusal to act as a system integrator for RDMA in relation to the products supplied by RDMA in Territory (Asia).
It is intended by the shareholders to the JV Co that the Land would be developed into a composite development comprising primarily of residential properties.
The initial working capital to be provided by GG to the JV Co shall be secured by titles on real properties as well as the economic benefits of such properties, to be provided by KBS to GG as collateral.
The parties have entered into a joint venture agreement (the ‘‘JVA’’) on 26 November 2021 to set out their rights and obligations in relation to the JV Co and to regulate the operation and management of the JV Co going forward.
The JV Co is a special purpose vehicle which will initially undertake the residential property development projects known as Golden Dragon Condominium Project (“GDC”) and Shwe Pyi Tan Complex Project (“SPTC”) (collectively, the “Projects”).