Examples of JV Company in a sentence
In the event of a possible or actual dispute between the parties to the joint venture concerning the interpretation or performance of the JV Contract or the operation of the JV Company, the parties or parties to the dispute shall endeavour to settle the dispute smoothly by negotiation.
The executive director shall be the legal representative of the JV Company, recommended by Xxxxx Environment and subsequently elected by the shareholders’ committee; the supervisors shall be recommended by Baowu Environment and the Company respectively and subsequently elected by the shareholders’ committee; the general manager shall be recommended by Baowu Environment and subsequently recruited by the shareholders’ committee, and the executive director can concurrently serve as the general manager.
The place of the incorporation of the JV Company will be the Economic and Technological Development Zone of Changshou District, Chongqing.
If either party breaches the provisions of the JV Contract and the articles of association of the JV Company and such breach causes losses to the other party or the JV Company, the breaching party shall bear the liabilities and indemnify the affected party and the JV Company in full against any loss.
Executive directors, supervisors and general manager: The JV Company shall have one executive director, two supervisors, and one general manager, which shall exercise their functions and powers in accordance with the articles of association of the JV Company.