Examples of JV Group Company in a sentence
The Shareholders acknowledge, and the Company undertakes to ensure, that any investment in any Committed Project by the Company will be carried out through a JV Group Company incorporated as a wholly-owned Subsidiary of the Company unless otherwise provided herein or, in any particular case, the Shareholders otherwise agree.
The level of services provided to a JV Group Company by a Party (or an Affiliate of a Party) shall be no less favourable than the applicable service level for similar services provided to companies with the respective Party’s group.
This Clause 8.6.1 shall apply to each JV Group Company as if references to “the Company” were to the relevant JV Group Company.
Any Shareholder may from time to time reasonably require that (at its own cost) an audit or review of the Business and any other affairs of any JV Group Company is carried out, and shall in such case be entitled to designate a person to carry out such audit or review on its behalf.
In the event that undertakings, guarantees or any other securities are provided by the Shareholders or any of their respective Related Corporations to any third party or Parties in connection with any credit or banking facilities to any JV Group Company, the Shareholders shall, unless otherwise unanimously agreed, provide the same in proportion to their Shareholding Proportion (or in such other proportion as may be agreed by all the Shareholders) and on a several basis.
The entering into or amending an agreement, arrangement or transaction between the New Investor or its affiliates and a JV Group Company which is not on arm’s length terms (and for these purposes terms which are more beneficial to a JV Group Company than arm’s length terms will be deemed as being arm’s length terms).
The Board shall be responsible for a coordination and orientation role for each JV Group Company with respect to the strategy and management policy of each JV Group Company and with respect to the supervision and overview of the strategy and the management of the affairs of each JV Group Company by determining recommendations concerning the major strategic developments of each JV Group Company.
Each JV Group Company has not been convicted of any offence, no officer, employee, agent or Table of Contents former officer, agent or employee of any JV Group Company has been convicted of any offences in relation to MAT, and no employee has, so far as each of the Covenantors is aware, been convicted of any offence (save for any traffic offence) which reflects upon his suitability to hold his position or upon the reputation of any JV Group Company.
Any change in the accounting policies of a JV Group Company other than as required by law or in order to address Controlled Foreign Corporation issues relating to any of the New Investor’s shareholders (and in particular, but without limitation, Xxxxxxxxxxxx Xxxxxxxxxxxxxxxxx).
If any JV Group Company requires any Additional Funding, the Board may at its discretion determine whether such Additional Funding shall be provided by way of: (i) the provision of Shareholder Loans, under which Clause 7 (Shareholder Loans) shall apply; and/or (ii) a loan (or other sources of financing) from third party lenders on arm’s length open market terms.